The Federal Government on Thursday inaugurated a 5.2 million standard cubic feet per day Compressed Natural Gas (CNG) plant in Lagos, to reduce the impact of petrol Subsidies removal on Nigerians.
The CNG plant was built through a partnership between NNPC Gas Marketing Limited and Transit Gas Nigeria Limited, owned by Axxela. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who commissioned the plant at the Isolo Industrial Area, Ilasamaja in Lagos, said the occasion, under the theme ‘From Gas to Prosperity: CNG for All’, represents a critical turning point in the development of affordable, sustainable, and secure energy sources in the country.
The Minister described 2024 as a historic year for Nigerians, stressing that through his courageous decision to eliminate fuel subsidies and promote the acceptability and broader use of gas, President Bola Tinubu has brought about several fresh beginnings in the lives of Nigerians.
In particular, Kyari revealed that the commissioning of the NNPC CNG Station in Ilasamaja Lagos was part of NNPC’s efforts to grow domestic gas supply and utilization by deploying gas infrastructure nationwide.
Earlier in his remarks, the GCEO NNPC Limited, Mallam Mele Kyari said to maintain energy security and provide more access to CNG by the Nigerian populace, NNPC has reached a Final Investment Decision (FID) with Axxela Limited to deliver six CNG mother and service stations plants and stations of 5.2 mmscfd capacity each, in selected locations spread across the six geopolitical zones including the FCT to ease access to bulk CNG.
He stated that the move was in addition to NNPCL Retail’s phased deployment of CNG in over 100 stations across the country as well as other Joint Venture partnerships on CNG.
According to him, the Petroleum Industry Act (PIA) 2021, explicitly mandated NNPCL to promote domestic gas utilization, strengthening the company’s resolve to deploy critical gas infrastructure projects across the country.
The new station is expected to service over 3,700 cars and 600 trucks that have been converted to run on CNG daily.
