Portland Gas Ltd has urged the Federal and Lagos State governments to provide financial assistance for the expansion of its Compressed Natural Gas (CNG) infrastructure in Lagos State.

Speaking at the launch of the company’s Mobile CNG Refill Unit under the Presidential CNG Initiative in Ojota, Lagos, the company’s Chief Executive Officer, Folajimi Mohammed, stressed the need for funding due to the capital-intensive nature of the business.

He highlighted the company’s strategy of leveraging the nearby Accela Pipeline to enhance affordability.

Lagos State Governor Babajide Sanwo-Olu, represented by the Managing Director of Lagos Metropolitan Area Transport Authority (LAMATA), Abimbola Akinajo, reaffirmed the government’s commitment to sustainable transportation.

He outlined plans to convert 10 per cent of Lagos’ vehicle fleet of about 400,000 vehicles to CNG within three years, with 2,000 government-owned vehicles transitioning by mid-2025.

The governor said the state planned to establish 15 CNG refuelling stations by the end of this year.

Sanwo-Olu called on transport operators and investors to support the shift, positioning Lagos as a leader in Nigeria’s energy transition.

The Programme Director of the Presidential CNG Initiative, Michael Oluwagbemi, said adopting CNG was crucial for reducing transportation costs and improving air quality.