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P-CNGI: CNG Sector Has Attracted $500m In Investments Since Inception

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LNG Arete Dign

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

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.

Crime

Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers

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Troops Destroy 56 Illegal Refining Sites

Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers

The Nigerian Navy, through FOB BONNY, has dismantled an illegal refining site discovered in Promise Land Community along Nanabie Creek, Bonny Local Government Area of Rivers State, further denying criminal operators the infrastructure required to process stolen crude oil.
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The site was discovered on 30 September 2026 following credible intelligence and comprised one large cooking pot and 3 large storage tanks intended for illegal refining activities. On 2 October 2026, the Commanding Officer, FOB BONNY, Captain SMC Umeh, led a team to the location, where the illegal refining site and associated equipment were destroyed in accordance with established regulations.

The intervention represents a further disruption of illegal refining capacity within the Bonny area, particularly by removing infrastructure that could be used to process and store stolen crude oil. It also follows recent operations by FOB BONNY under Operation DELTA SENTINEL that uncovered substantial volumes of suspected stolen crude oil and associated illegal refining infrastructure within its Area of Operations

Troops Destroy 56 Illegal Refining Sites

Oil

The Nigerian Navy has continued to strengthen surveillance and monitoring across the area to prevent the establishment or reactivation of illegal refining sites and deny criminal operators the infrastructure required to sustain crude oil theft and related activities.

ABIODUN FOLORUNSHO

Navy Captain

Director Naval Information

Nigerian Navy
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Economy

NNPC Ltd Offers N66 Fuel Discount Throughout the Nation

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NNPC

NNPC Ltd Offers N66 Fuel Discount Throughout the Nation

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has unveiled a nationwide ₦66 fuel discount promotion for customers using the NNPC Fuel App.
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In a post obtained from its X handle on Friday, the promotion, which runs from October 1 to 7, is being held across NNPC stations nationwide as part of activities marking the period.

“The ₦66 Discount Promo is ongoing & the excitement is already happening across our stations nationwide!

“All over Nigeria, our customers are getting in on the action & there’s still time for you to benefit!

The promo runs from 1–7 October on the NNPC Fuel App,” the post read.

NNPC said customers across the country have already begun participating in the promotion, with highlights from the first day showing activities at several stations.

“Keep fueling, keep transacting and keep your eyes on our pages,” the post read.

NNPC

NNPC

NNPC also shared moments from the first day of the promotion and said more pictures and activities from stations across the country would be released.

The company urged customers not to miss the opportunity to participate before the promotion ends on October 7.

The ₦66 discount offer is available through the NNPC Fuel App during the stated promotional period.
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Economy

President Tinubu Tells EFCC: You Have Justified my Confidence in You

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EFCC Arraigns Gidado Ibrahim

President Tinubu Tells EFCC: You Have Justified my Confidence in You

President Bola Ahmed Tinubu has applauded the efforts and performance of the Economic and Financial Crimes Commission, EFCC, in tackling economic and financial crimes and other acts of corruption in the country, stressing that it has justified the confidence reposed on it.
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He gave this commendation on Friday, October 2, 2026 in Awka, Anambra State at the commissioning of a new Zonal Directorate of the EFCC. The President pointed out that there are evidential proofs of the success of the Commission in convictions, recoveries and other landmark achievements

Represented by Honourable Tajudeen Abbas, Speaker, House of Representatives, Tinubu noted that “supporting the EFCC is not particularly difficult. The agency has consistently demonstrated that the confidence reposed on it is well founded. Without mincing words, the evidential proof of the EFCC’s success speaks loudly in convictions secured, assets and properties recovered”

He affirmed that the strides of the Commission are in tandem with the Renewed Hope Agenda of his administration.

“When we came in three years ago, I highlighted nine major focal areas of my administration. Two of which are reforming the economy for sustained and inclusive growth and promotion of good governance. The anti-graft agency compliments this agenda as they are focused on accountability and transparency and appropriate deployment of resources”, he said.

At the commissioning, the Executive Chairman of the EFCC, Mr. Ola Olukoyede restated the commitment of the Commission to preventive frameworks in tackling economic and financial crimes and other acts of corruption in the country.

According to him, the Commission will continue its focus on making corrupt practices difficult by blocking avenues through which they may happen.

“This new Directorate will not only enforce the law professionally and courageously, it will be high on corruption prevention. It will engage government institutions, businesses, financial institutions, professional bodies, schools, markets, civil society organisations, traditional institutions, religious bodies and communities. It will educate stakeholders, build relationships and mobilise the people to own the fight against all forms of corrupt practices in the zone”, he said

He assured Nigerians that the EFCC would not relent in the pursuit of its mandate, recalling the achievements of the Commission in the last 34 months and describing them as impressive progress.

“The pursuit of our mandate has been our dominant engagement and in the past few years, we have made impressive progress. Between October 2023 and July 2026, the Commission received 49, 673 petitions, investigated 39, 615 cases, filed 14, 476 cases in court and secured 10, 872 convictions. This gives a conviction-to-filing ratio of 75.1 percent. In the first half of 2026 alone, we recorded 1, 370 convictions from 1, 889 filings. The Commission also recorded recoveries of N1, 233, 612, 040, 411. 11, $684, 478, 457. 32, £373, 905. 78, €9, 343, 803. 66 inn addition to recoveries in other currencies”, he said.

He noted that at the institutional level, the Commission has made radical reforms that have been yielding optimal results as there are consequential improvements in the agency’s processes and procedures, which partly explains the impacts the EFCC has made and will continue to make in all the matrices of law enforcement.

“Reforms that have strengthened the Commission during the period include new guidelines on arrest and bail, a review of sting operations, the establishment of the Department of Fraud Risk Assessment and Control, the Security Department, the Immigration and Visa Section and the Cybercrime Rapid Response Centre”, he said.

While charging Ndi Anambra on whistleblowing, the anti-graft czar said that the Commission has established channels through which members of the public can submit petitions and provide information. He noted that the Commission’s Eagle Eye App allows citizens to provide details of suspected wrongdoing and makes the provision of an informant’s personal details optional. “However, whistleblowing must be responsible and based on facts. It must not become an instrument for settling scores”, he said.

EFCC Arraigns Gidado Ibrahim

EFCC

He thereafter said that Anambra and Imo States deserve effective and responsive institutional presence as they are renowned for enterprise, innovation, commerce and an extraordinary culture of industry, adding that these legitimate activities must be protected from fraud, cybercrime, money laundering, investment fraud, diversion of public resources and other forms of economic and financial crimes. “Therefore, our coming to Awka is beyond geographical expansion. It is about taking the mandate of the EFCC closer to the people and closer to the economic activities we are meant to protect”, he said.

In their remarks, His Excellencies, Professor Chukwuma Soludo, Governor of Anambra State and Senator Hope Uzodinma, Governor of Imo State said that they were pleased with the activities and management of the EFCC under the leadership of Olukoyede. They pledged their support to the Commission as it opened a new Zonal Directorate in their domain.

The commissioning of the new Directorate witnessed massive turn out of distinguished Nigerians, including members of the National Assembly, civil society organisations, community leaders, students, media among others.
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