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.
Economy
ADC Is Nigeria’s Only Reliable Political Party, Others Brought Insecurity, Hunger, Says Atiku
ADC Is Nigeria’s Only Reliable Political Party, Others Brought Insecurity, Hunger, Says Atiku
ADC is Nigeria’s only reliable political party, others brought insecurity, hunger, says Atiku. Former Vice-President Atiku Abubukar says the African Democratic Congress (ADC) is the only reliable political party in the country, noting that others have brought insecurity, hunger, poverty and unemployment.
Speaking in Jalingo, the capital of Taraba state, during the official opening of the ADC state secretariat, Abubakar said the party is ready for a 2027 victory but urged Nigerians to unite to rescue the nation.
He also asked Taraba residents to take part in the ongoing continuous voter registration exercise, adding that their participation is crucial to reversing Nigeria’s worsening hardship.
“I am in Taraba to inaugurate our new party office of the ADC, and I want you to hold the party with integrity,” Channels Television quoted Atiku as saying.
“Do not allow anybody to deceive you with any other party, because we have tasted other political parties, and they brought nothing but insecurity, hunger, poverty and unemployment. “The youths and women should know that we are doing this for them to have a better future, and I am holding on to their promise. “ADC will win Taraba state and win Nigeria as the only reliable political party.”

ADC Is Nigeria’s Only Reliable Political Party
Abubakar, who formally joined the ADC on Monday—17 months before the 2027 general election—said his experience across political platforms convinced him that the All Progressives Congress (APC), the Peoples Democratic Party (PDP) and other parties lack the capacity to rescue the country.
He resigned from the PDP on July 16, citing “irreconcilable differences” within the opposition party as his reason for leaving.
Akwa Ibom
Akwa Ibom Governor Pledges Commitment To Tourism, Blue Economy Development
Akwa Ibom Governor Pledges Commitment To Tourism, Blue Economy Development
Akwa Ibom governor pledges commitment to tourism, blue economy development… commends Editi Effiong for projecting State’s tourism potentials
As part of his effort to encourage tourism and enhance the State’s blue economy, Akwa Ibom State Governor, Pastor Umo Eno, has reiterated his administration’s commitment to encourage and reward young professionals who are willing to collaborate with his administration in promoting the positive image of the State through the ARISE Agenda.
The Governor made this known while fielding questions from Government House correspondents shortly after embarking on inspection of a locale of a movie, “The Black Book 2” (Old Scores), at Ishiet Beach/Market in Uruan Local Government Area.
He commended the movie Producer and Director, Mr. Editi Effiong, for his talent, vision, inspiration, and creative ability to project the tourism potentials and boost the economy of the State.
Governor Eno charged young Akwa Ibomites to shun divisive tendencies, be inspired, and emulate the creative effort of successful Akwa Ibom sons and daughters by joining hands to develop the tourism and blue economy of the State.
“The impression is amazing, seeing that we have one of our own trying to pull the world down here.
“I would love to thank and encourage him, and to let our young people see that Akwa Ibom has what it takes to drag the world’s attention.
“It depends on what you see. Someone can see this place and write one story about a swamp that has been abandoned and make all the noise. Another person sees this place and makes a great movie out of it that will market this place to the world and is able to attract the attention because of the work he has done here,” he said.
The State Chief Executive pledged his encouragement, support, and collaboration with Editi and other young Akwa Ibomites to enable them rise to the zenith of their calling.
“We are going to work with him. Editi is a young man I have known very well. This is one thing I say to our people in the diaspora, let’s partner. Come back home, whatever you see out there, bring it back here, and let’s work together.
“I think that is the story, and I am really impressed. If you know the number of people that have visited this State in the course of this film, the talents, and the caliber of artists that have been here, then this young man deserves an award and our support,” he added.

Ibom Deep SeaPort
On his part, the movie Producer and Director, Effiong, appreciated Governor Eno for his visionary leadership and passion for tourism development.
He expressed gratitude to the Governor for creating a hospitable and tourism friendly ecosystem to enhance talent exploration through the provision of good road network and quality modern facilities which distinguished the State as one of the most treasured locations in the country.
Crime
EFCC Releases Ex-AGF Malami After Hours Of Interrogation
EFCC Releases Ex-AGF Malami After Hours Of Interrogation
EFCC releases ex-AGF Malami after hours of interrogation. He said he would return for further questioning.
The Economic and Financial Crimes Commission (EFCC) has released the former attorney general of the federation and minister of justice, Abubakar Malami, after hours of interrogation by the anti-graft team.
Mr Malami confirmed his release in his X account on Saturday. The former minister said that he had been released and scheduled for another meeting with investigators.
He said that the reality behind the “fabricated allegations” levelled against him would become clearer with time.
“In line with my undertaking to keep Nigerians updated on my invitation by EFCC, I give glory to Allah for his divine intervention. “The engagement was successful and I am eventually released while on an appointment for further engagement as the truth relating to the fabricated allegations against me continues to unfold.”

EFCC Releases Ex-AGF Malami After Hours Of Interrogation
The EFCC had summoned Mr Malami through a letter dated November 24, and signed by Sunday Ofen-Imu on behalf of its chairman, Ola Olukoyede.
The EFCC did not disclose the specific allegations for which Mr Malami was invited.
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