By Ayomide Otitoju
The Federal Government has announced that at least $980 million has been mobilised to finance the construction of Compressed Natural Gas (CNG) facilities across Nigeria, as the sector experiences unprecedented growth.
Programme Director of the Presidential CNG Initiative (PCNGI), Michael Oluwagbemi, disclosed this on Wednesday in Abuja during the launch of the NASENI–Portland CNG daughter station, auto conversion, and training centre.
According to him, the number of daughter stations has expanded from just seven to 350 in the last 18 months, while vehicle conversions have surged from 4,000 to 100,000. He noted that private sector players have invested over ₦720 billion in acquiring CNG trucks and building stations.
Oluwagbemi said the PCNGI has worked closely with industry stakeholders to drive adoption through incentives such as providing conversion kits to transport unions at up to 90% discounts. Major industrial players, including BUA Group and the Nigerian Bottling Company, have committed significant investments to both trucks and infrastructure.
“In May last year, we had only seven conversion centres. Today, we have over 315 nationwide. States with CNG dispensing and conversion capacity have grown from five to 20, and we expect at least 30 states, plus the FCT, to be covered by year-end,” he said.
Oluwagbemi described the CNG sector as Nigeria’s fastest-growing, stressing the importance of clear regulations to sustain investor confidence.
Chief Executive of Portland Gas, Folajimi Mohammed, said the ongoing CNG transformation positioned Nigeria to lead in clean energy adoption.
“This facility is more than an infrastructure project — it’s a vision for cleaner energy, reduced transport costs, and a healthier environment. Our partnership with NASENI proves that when the public and private sectors work together, development can be rapid and effective,” Mohammed stated.
