The Nigerian government is planning to make Compressed Natural Gas (CNG) stations more accessible to NigeriansIt targets 150 new retail stations by the end of the year, which it hopes will encourage more Nigerians to convert.President Bola Tinubu has directed that one million vehicles must be converted to CNG by 2027
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Michael Oluwagbemi, the Programme Director and Chief Executive of the Presidential Compressed Natural Gas Stations Initiative has announced plans to have no fewer than 150 retail stations before the end of 2025.
New CNG retails stations set to be open in 2025
Photo credit: nurphoto
Source: Getty Images
He disclosed this during the groundbreaking ceremony of five mini-liquefied natural gas plants in Kogi by the Nigerian National Petroleum Company Limited.
He added that the presidential CNG initiative is hoping to attract millions of dollars in investment this year.
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Oluwagbemi acknowledged the challenges of gas access in the northeast and northwest regions.
He expressed optimism that mini LNG plants, such as the ones to be constructed in Kogi, would play a critical role in bridging this gap while awaiting the completion of the Ajaokuta-Kaduna-Kano pipeline, which is expected to transform Nigeria’s gas transportation landscape.
He said President Bola Tinubu had directed that one million vehicles must have been converted to CNG by 2027, Punch reports.
Oluwagbemi said:
“We aim to convert one million vehicles to CNG by 2027,” Oluwagbemi said, highlighting substantial progress in boosting Nigeria’s compression capacity and expanding conversion centers nationwide.
“In 2024 alone, we secured over $470 million in investments, with projections to double this amount in 2025.”
Oluwagbemi mentioned that $470m was attracted as an investment in 2024, saying this will double in the current year.
He said:
“In 2024, we secured over $470 million in combined investments from both public and private sector players. By 2025, we anticipate doubling this figure as we work towards establishing at least 500 conversion centers and over 150 CNG retail outlets by year-end.”
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New CNG station location
Henzodaily.ng reported that the NNPC has launched new CNG refuelling stations in Lagos to address this.
Here are the new locations:
Fola Agoro SS – Fola Agoro, Shomolu LGA, LagosAlapere SS – Oworonshoki Expressway, Alapere, LagosMarina SS – Along Marina, Marina, Lagos IslandAgege Bypass SS – Along Agege Bypass, Idimuangoro, LagosLakowe SS – Along Lagos Epe Expressway, LagosOdogunyan SS – Along Ikorodu-Sagamu Road, Ikorodu
For residents in Abuja, here are the new locations to refuel CNG.
NNPC Retail Sector Centre CNNPC Retail Dei DeiNNPC Retail GaduwaNNPC Retail UshafaNNPC Retail Zone 1NNPC Retail NIPCO GwagwaladaNIPCO Airport Road, KubwaUpcoming StationsNIPCO (MRU) KubwaNIPCO (MRU) MabushiNIPCO (MRU) MadalaNIPCO (MRU) LugbeNIPCO (MRU) Tunga MajeNIPCO (MRU) Utako
Imported petrol prices fall
A previous report by Henzodaily.ng disclosed that the landing cost of petrol dropped to N922 per litre, below the one sold by the Dangote Refinery.
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Oil marketers have revealed that the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, has dropped to N922.65 per litre as of Friday, January 24.
This was disclosed in the updates published by the Major Energies Marketers Association of Nigeria (MEMAN).
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Source: Henzodaily.ng