By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FG $450 Million Investment Accelerates CNG Expansion in Nigeria – PCNGi
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FG $450 Million Investment Accelerates CNG Expansion in Nigeria – PCNGi

Business

FG $450 Million Investment Accelerates CNG Expansion in Nigeria – PCNGi

Olaitan Sodiq
Olaitan Sodiq
Published: June 13, 2025
Last updated: June 13, 2025
2 Min Read
Share
FG $450 Million Investment Accelerates CNG Expansion in Nigeria - PCNGi | Daily Report Nigeria
SHARE

The Presidential Compressed Natural Gas Initiative (PCNGi) has committed over $450 million to the expansion of Nigeria’s Compressed Natural Gas (CNG) sector.

Michael Oluwagbemi, the Project Director and CEO of PCNGi, made this revelation during his address at the 9th Edition of the Nigeria Energy Forum (NEF 2024) in Lagos on Monday, which was delivered on his behalf by Tosin Coker, the Head of Commercial at the initiative.

Oluwagbemi emphasized that the extensive investment will strengthen the infrastructure needed for CNG adoption across Nigeria, including the development of mother stations, daughter stations, refueling stations, and vehicle conversion centers.

“The Federal Government’s investment has been directed toward critical infrastructure such as mother and daughter stations, refueling stations, and conversion centers. These projects will ensure the widespread availability of CNG across the country,” said Oluwagbemi.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: Ambassadorial nominees’ list in circulation fake – FG

Since the inception of the initiative, PCNGi has already converted over 10,000 vehicles from petrol to CNG, a key milestone in the effort to shift from petroleum-based fuel to more sustainable alternatives.

The CEO also addressed safety concerns regarding CNG-powered vehicles, assuring Nigerians that rigorous safety protocols have been put in place in partnership with various government agencies to safeguard users.

The $450 million investment reflects a sharp increase from an earlier figure of $200 million announced in November 2024.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:CNGPCNGiTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Benue Governor Honours Ordega with ₦50m and Home After WAFCON Glory | Daily Report Nigeria
Benue Governor Honours Ordega with ₦50m and Home After WAFCON Glory
Sports
Real Madrid Lead Tributes to Veteran Journalist Manolete | Daily Report Nigeria
Real Madrid Lead Tributes to Veteran Journalist Manolete
Sports
Cubana Chief Priest’s Emotional Absence at Davido’s Miami Wedding Explained | Daily Report Nigeria
Cubana Chief Priest’s Emotional Absence at Davido’s Miami Wedding Explained
Entertainment
Amaechi Alleges Peter Obi Won Rivers in 2023, Says Results Were Changed | Daily Report Nigeria
Amaechi Alleges Peter Obi Won Rivers in 2023, Says Results Were Changed
Politics
Davido Reveals He Spent $3.7 Million in Cash on His White Wedding to Chioma | Daily Report Nigeria
Davido Reveals He Spent $3.7 Million in Cash on His White Wedding to Chioma
Entertainment

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Tinubu's Health Worsens After Multiple Surgeries - Report | Daily Report Nigeria
News

Tinubu’s Health Worsens After Multiple Surgeries – Report

June 15, 2025
BREAKING: Gov Abiodun Re-elected in Ogun | Daily Report Nigeria
Politics

BREAKING: Gov Abiodun Re-elected in Ogun

June 14, 2025
nnamdi kanu
News

Nnamdi Kanu Remains our Only Leader Ordained By God -IPOB

June 15, 2025
Police Begin Fresh Probe Against VeryDarkMan | Daily Report Nigeria
Metro

Police Begin Fresh Probe Against VeryDarkMan

February 2, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?