PCNGI Accelerates CNG Rollout, Records $500m Investment, Plans 175 New Stations

The Presidential Compressed Natural Gas Initiative (PCNGI) is expanding the country’s compressed natural gas (CNG) infrastructure, with over 175 new stations currently being developed across the country, in addition to the 53 daughter stations already operational and more than $500 million invested in the sector within the past year.

Programme director and chief executive of the PCNGI, Engr. Michael Oluwagbemi, who made these known, noted that since the initiative’s launch in May 2024, it has made progress from a modest beginning of just 11 CNG stations nationwide, “we have witnessed an unprecedented increase in both infrastructure and vehicle adoption,” he said.

According to him, the number of CNG vehicles on Nigerian roads has surged from 4,000 to over 50,000, with projections to reach 100,000 within this year.

This growth, Oluwagbemi said, has driven demand for refueling stations, prompting significant private and public sector investments with companies such as AY Shafa, Femadec, Greenville, NNPCL, Bovas, and NIPCO spearheading the development of new stations, covering major urban centers and underserved regions alike.

The PCNGI said it is also supporting the launch of 24 new sites over the next six to nine months, with several already operational, including the first activated site in Ilorin. These efforts are complemented by investments from the Midstream Downstream Gas Infrastructure Fund, which recently awarded equity funding to gas projects focused on expanding the CNG network.