Presidential CNG Initiative Launches New Abuja Facility as Private Funding Hits $2.6bn
.Total refuelling stations reach 106, 170 more in pipeline, says Ahmed Emmanuel Addeh in Abuja The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) yesterday launched a
The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) inaugurated a new CNG refuelling facility in Abuja, signaling a significant expansion of the country's alternative fuel infrastructure. The new Integrated Refuelling Unit (IRU) is part of Nigeria's nationwide rollout of 106 operational refuelling stations, with another 170 under development or awaiting licences.
Private sector funding for the sector has reached $2.6 billion, with additional 2,000 refuelling units to be deployed in two phases by the President Bola Ahmed Tinubu administration. The facilities are expected to reduce transportation costs by 30-40% and provide cleaner and more affordable fuel options to Nigerians. The inauguration of the facility demonstrates the commitment of the State House to the federal government's alternative energy policy introduced following the removal of petrol subsidy.
The move also showcases the benefits of collaboration between government and private investors in developing CNG infrastructure.
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