MDGIF, IBILE Open Five CNG Stations to Serve 8,400 Vehicles Daily
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) and IBILE Oil & Gas Corporation (IOGC) have commissioned five Compressed Natural Gas (CNG) refuelling stations in Lagos State, with a combined capacity to serve about 8,400 vehicles daily.
The facilities, delivered through the MDGIF/IOGC joint venture, are located in Abule Egba, Idimu, Ajah, Oko-Oba and Ogolonto.
The five stations have a combined gas storage capacity of 45,640 standard cubic metres and are expected to expand access to cheaper and cleaner fuel for motorists and transport operators.
Commissioning the facilities, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the projects aligned with President Bola Tinubu’s directive to ensure that Nigeria’s gas resources deliver tangible benefits to citizens.
He said the success of the projects would be measured by their impact on transportation and business costs, particularly whether the savings translate into lower commuting expenses and financial relief for households.
The Executive Director of MDGIF, Oluwole Adama, said the stations would reduce queues for commercial drivers and provide more predictable fuel costs for fleet operators.
He emphasised the need for the facilities to maintain consistent operations beyond their commissioning, urging IOGC to uphold high standards of safety and service delivery.
Meanwhile, the Managing Director of IOGC, Temitayo Gbajumo, said the corporation had been mandated to deliver 15 CNG refuelling stations across Lagos State to reduce transportation costs for businesses and households.
The projects are also expected to create employment opportunities for young Nigerians.
Related