175 new CNG stations coming, says Pi-CNG boss
Executive Secretary of the Presidential Initiative on Compressed Natural Gas (Pi-CNG), Michael Oluwagbemi, has said investors are currently developing 175 new CNG stations nationwide.
Oluwagbemi said the incoming stations are in addition to the 53 daughter stations already operational across the country.
In a statement yesterday in Abuja, he announced that more than $500 million had been invested in the sector in the past year.
The Pi-CNG boss recalled that since the initiative’s launch in May 2024, it has made progress from a modest take-off 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.
Oluwagbemi also said the growth has stimulated the demand for refueling stations, prompting significant private and public sector investments within the sector.
The Pi-CNG boss said many companies, like AY Shafa, Femadec, Greenville, NNPCL, Bovas, and NIPCO were spearheading the development of new stations, covering major urban centres and underserved regions alike.
He said the presidential initiative would support the launch of 24 new sites in the next six to nine months.
Oluwagbemi said several others were already operational, including the first activated site in Ilorin.
