Economy
P-CNGI: CNG Sector Has Attracted $500m In Investments Since Inception
P-CNGI: CNG Sector Has Attracted $500m In Investments Since Inception
P-CNGI: CNG sector has attracted $500m in investments since inception. “Over 175 stations are being rolled out nationwide by various partners,” he said.
The Presidential Compressed Natural Gas Initiative (P-CNGI) says the CNG sector has attracted over $500 million investments and created over 10,000 direct jobs.
The P-CNGI said that 255 new conversion centres that did not exist in 2024 and 53 daughter stations existed currently.
Michael Oluwagbemi, programme director/chief executive officer, P-CNGI, on Monday, emphasised that Nigeria is making progress in expanding the CNG infrastructure and investments. Mr Oluwagbemi, however, said that engineering feats took time.
He recalled that from May 2024, the P-CNGI set out to implement its mandate in line with the directive and vision of President Bola Tinubu.
He highlighted the mandates to include incentivising the adopting CNG and electric vehicles to ensure sustainable transportation for all Nigerians, and facilitating investments into the alternative energy sector for transportation.
According to him, the programme is also charged to coordinate regulation of the emerging sector for rapid growth and Nigeria is making progress in expanding the CNG infrastructure and investments across the nation.
He said that because the initial desire of the president was greeted with scepticism, the start-up work of the P-CNGI was to embark on an intensive awareness campaign which was conducted from May to October 2024.
“Hardly any CNG vehicles were on our roads, and no demand at the few eleven CNG stations nationwide since a 2017 pilot by NNPC Ltd.
“Our most ardent adherents were not convinced that anyone would want CNG vehicles.
“Misinformation and fake news on CNG dominated the media space. We are pleased that even the doubting Thomases are singing a new tune,” he said.
He further said that with over 50,000 vehicle count and rising to 100,000, the queues at CNG stations were naturally going to rise, because of such unprecedented increase (from mere 4000) in vehicle count.
This, he said, is as a result of massive incentive provided by the administration and the breakthrough in awareness due to the economic benefits of the switch.
“Just last week, two new daughter stations in Abuja were commissioned with AY Shafa and Femadec investing in these ventures.
“Both entities have nine and 21 daughter stations respectively in the works in the next one year.
“For Femadec, the dual benefit of leading the charge of building CNG ecosystem in 20 universities is an icing on the cake,” he said.
He said that Yola was stepping up with Greenville investing within the week. According to him, it was evidence of the company’s intensive roll out of CNG stations in 51 locations across the north and South-East as well as hard to reach places.
“Over 175 stations are being rolled out nationwide by various partners,” he said.
He said that in addition to Greenville and Femadec, the P-CNGI was backing partners to roll out 24 sites in the next six to nine months, with one site already activated in Ilorin.
“Port Harcourt, Ado Ekiti, Lokoja, Abuja, Aba and Enugu will all go live within the next 60 to 120 days to dispense CNG. This is to scale the refueling on-lending initiative heralded with the first launch in Ilorin in 2024.
“Aside from these, NNPC Ltd. is investing in additional eight stations to its current stock of 12; another 40 of 100 in Phase two of her roll out plan is being finalised.
Bovas is launching two sites in Ibadan any moment from now from its eight station roll out of ultra modern CNG stations and ecosystem.
“NIPCO’s eight stations in addition to 23 already live across the country will be completed within six months. Just last week, the Midstream Downstream Gas Infrastructure Fund (MDGIF) a veritable partner in the process awarded 10 new entries equity investments to develop their various gas projects,” he said.
LNG Arete Dign
He said this was in addition to four of the six of initial N123 billion investments made in 2024 by MDGIF being directed at the sub-sector.
He said that in one year, the CNG sector had attracted over $500 million investments and created over 10,000 direct jobs, adding that 255 new conversion centres that didn’t exist in 2024 and 53 daughter stations existed currently.
Mr Oluwagbemi, however, decried the report on the fate of the thriving CNG sector by the sceptical section of the media, which complained about infrastructure gap in a sector that was barely seven months old.
“At P-CNGI, we remain committed to our mandate while working hard across the value chain to deliver the goodies President Bola Tinubu has promised all Nigerians,” he said.
Okpebholo Threatening Me With Violence, I’ll Fight Back Says Obaseki
Okpebholo threatening me with violence, I’ll fight back says Obaseki. Godwin Obaseki, the immediate past governor of Edo, has accused Monday Okpebholo, his successor, of threatening him with violence. Obaseki spoke during the weekend at an event in London, the United Kingdom.
BACKGROUND
Since assuming office in November 2024, Okpebholo has initiated a series of actions aimed at scrutinising Obaseki’s tenure.
He first constituted a 14-member committee to investigate the assets, liabilities, contracts, and financial decisions made under Obaseki.
Okpebholo then expanded the scrutiny to the state civil service, ordering a probe into all recruitments conducted between May and November 2024, alleging a violation of due process.
Last week, Okpebholo asked the federal government to repatriate Obaseki to answer questions over public funds linked to the controversial Museum of West African Art (MOWAA) project.
‘OKPEBHOLO THREATENING ME’
Obaseki said the governor is threatening him with violence and allegedly sent thugs to attack him in the UK.
“Those who live by the sword will die by the sword,” Obaseki said. “And to tell the governor, Okpebholo, I don’t know him; I have never met him. When you start with violence, you will reap violence.
“For one year since I left office, I didn’t say one word. I decided to respect myself and allow them to try [in governance] as well. Go and find out, you won’t see one thing I said about his government.”
He accused Okpebholo’s government of being behind the attack on diplomats during the exhibition in MOWAA.
“As if that was not enough, the government paid people to come to Manchester to attack me,” he said.
“Who has started this violence? Is it me? Last week, this governor held a disgraceful press conference in which he threatened me not to come to Benin.
Obaseki
“They have been threatening violence. So if I respond, nobody should hold me responsible. “I can’t leave myself empty to be hurt and attacked by deranged people.
“So I am going to fight back. I will fight back. I didn’t start the fight. They are afraid. They know they did not win the election.”
Jigawa: 9,600 Teachers Register For Special Training
Jigawa: 9,600 teachers register for special training. No fewer than 9,600 teachers under the Jigawa State Universal Basic Education Board (SUBEB) registered for a competency test to determine the specific training required to improve their skills and enhance teaching outcomes in the state.
The Executive Chairman of the Board, Professor Haruna Musa, revealed this while briefing journalists on the purpose of the examination, adding that 12,000 teachers were expected to register for the exam.
He explained that the state government, under the leadership of Governor Malam Umar Namadi, was committed to repositioning the state education sector as a key foundation for sustainable development, in line with its “12-Point Agenda.”
Prof. Haruna noted that while the government has been spending significant resources to improve educational infrastructure, meaningful learning improvements cannot be achieved without also enhancing the capabilities of teachers.
“Based on that, the State Executive Council approved for the board to organise a competency test for all teachers. This will enable us to understand the kind of training each teacher requires to improve his or her skills”.
“Out of the 9,600 teachers registered for the exam, over 70% have never attended any capacity-building training since they were employed, including some with over 15 years of service,” the Chairman added.
Teachers Register For Special Training
He stated that after the exam, the teachers will be categorised into three groups: Group A, those with both knowledge and teaching skills; Group B, those with knowledge but lacking teaching skills; and Group C, those lacking both knowledge and teaching skills.
“Each group will be offered specialised training. Those in Group C will undergo intensive training and subsequent examinations for a period to ensure they are equipped with the required knowledge and skills”.
“For those with slower learning uptake, we will attach them to competent teachers within their schools for ongoing guidance and mentorship,” Prof Haruna said.
He further stated that the project is not about retrenchment, but his primary goal is to enhance teachers’ capacity for better learning outcomes within the state’s basic education sector.
PFA: Leadway Pensure Leverages Innovations For Quality Service Delivery
PFA: Leadway pensure leverages innovations for quality service delivery. A Pension Fund Administrator (PFA), Leadway Pensure said, it is leveraging innovation to escalate quality
service delivery to its retirement savings account (RSA) holders. This milestone marks 20 years of trust, exceptional service delivery, and value creation as it celebrates its anniversary. It highlights two decades of dedication to protecting the financial wellness of Nigerian workers.
Over the last 20 years, the PFA has served thousands of customers across Nigeria and beyond, standing as a clear testament to its commitment to providing financial stability at various stages of workers’ career journeys.
Speaking on this remarkable achievement, MD/CEO, Leadway Pensure PFA, Olusakin Labeodan, stated that: “As we celebrate 20 years of Leadway Pensure PFA, this milestone is more than a celebration of longevity, it is a tribute to trust, service and innovation.
From the very beginning, our mission has been very clear, to deliver a pension system without barriersOver two decades, we have transformed this vision into reality by simplifying pension access, embracing cutting-edge technology, and ensuring our services are always within reach. With a nationwide presence, a robust mobile platform, and the AI-powered assistant LISA, we have made pension services accessible to eligible Nigerians.
“We have supported countless customers in achieving life goals, from retirement to home ownership, by ensuring access, clarity and care at every step. This is a testament to the strong relationships and legacy we have built with every customer. Trust is at the heart of our service, propelling us to uphold world-class standards and earning us global certifications such as ISO/IEC 27001:2022 for information security, a mark of our unwavering commitment to safeguarding our customers’ funds. ”
Leadway Pensure
Looking ahead, the company said, it is committed to promoting youth-focused financial literacy, growing personal pension plans and strengthening customer engagement across every stage of the pension journey.
“The next years and beyond will be shaped by the same dedication that brought us this far, a future-forward mindset, a culture of excellence, and an unyielding promise to stand by our customers every step of the way,” Olusakin concluded.
As it commemorates 20 years of service, Leadway Pensure reaffirms its commitment to simplifying retirement planning, delivering consistent value, and driving financial inclusion across Nigeria.
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