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New CNG Stations Opened in Lagos to Cut Fuel Costs

Daily Trust·

Five new Compressed Natural Gas (CNG) refuelling stations have been commissioned in Lagos, specifically located in Ajah, Idimu, Abule Egba, Oko-Oba, and Ogolonto. This initiative is part of a broader strategy to expand access to alternative fuel and lower transportation costs in the state.

The stations were developed by the IBILE Oil and Gas Corporation (IOGC) in collaboration with the Midstream and Downstream Gas Infrastructure Fund (MDGIF). The commissioning ceremony took place at the IBILE Oil and Gas CNG station in Ogolonto.

Temitayo Gbajumo, the Managing Director and Chief Executive Officer of IOGC, stated that this project is part of a plan to establish 15 CNG stations across Lagos, with six more expected to be completed by the first quarter of 2027. The facilities aim to provide a cheaper alternative to conventional fuels for vehicle owners and businesses.

Oluwole Adama, Executive Director of MDGIF, noted that the five stations could serve about 8,400 vehicles daily at full capacity. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, mentioned that this project aligns with the government's directive to expand CNG infrastructure nationwide.

Plus234Feed summary based on reporting from Daily Trust.

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