Business & Economy

Nigerian Government Invests Over $450 Million in Compressed Natural Gas Value Chain

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The Nigerian government has invested over $450 million in the development of the country’s compressed natural gas (CNG) value chain. Michael Oluwagbemi, Project Director of the Presidential Compressed Natural Gas Initiative (PCNGi), revealed this during his speech at the 9th Edition of the Nigeria Energy Forum (NEF 2024) held in Lagos on Monday.

Represented by Tosin Coker, the Head of Commercial at PCNGi, Oluwagbemi highlighted that the investment covers key areas of CNG infrastructure, including the establishment of mother stations, daughter stations, refuelling stations, and conversion centres nationwide.

Mike Ojo

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