$600m Bet On Gas: Tinubu Orders 1,000 CNG Stations As MDGIF Targets 25,000 Petrol Stations For Co-location

ABU DHABI — Nigeria is about to alter the look of its filling stations ceaselessly.

The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has unveiled a daring plan to collocate Compressed Natural Gas (CNG) shelling out factors inside current Premium Motor Spirit (PMS) shops throughout the nation.

NOP NIGERIA studies that yhe disclosure was made by its Managing Director, Mr. Oluwole Adama, on the sideline of the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi on Tuesday.

Adama stated Nigeria has over 25,000 filling stations nationwide, and as a substitute of abandoning them, the federal government desires to make use of them because the spine of the CNG revolution.

“Nigeria has over 25,000 filling stations nationwide. Instead of leaving them, we want to collocate CNG, as you come to dispense PMS, another one can dispense AGO around where the AGO pumps,” he informed reporters.

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He stated a part of President Bola Tinubu’s intervention following petrol subsidy elimination is to unfold CNG geographically in order that no Nigerian has to journey far to refuel with fuel.

Instead of anticipating prospects to come back to the stations, the federal government will develop what known as a leasing mannequin — the institution of cell refueling items that may be deployed shortly to high-demand places.

He revealed that 15 of the 75 requested refueling items arrived final week for fast deployment throughout the nation.

Adama revealed that Tinubu has tasked the Fund to ramp up the refueling items to 1,000 within the subsequent three years — a goal that will make Nigeria one of many largest CNG markets in Africa.

He stated the workforce is engaged on modalities to safe fuel from mom stations, which has resulted in partnerships with 20 mom stations already signed.

He projected that there might be over 100 mom stations to feed the daughter stations and refueling items within the subsequent section of growth.

Adama recalled that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which is the dad or mum physique of the Fund, was established by the Petroleum Industry Act (PIA) of 2021 to deepen fuel utilization in Nigeria.

He added that the Fund will not be merely about business fuel but in addition to deepen the infrastructure deployment for feedstock provide to the top customers, from transport to business to energy.

He revealed that the Fund has catalyzed funding in so many processing crops, CNG mom stations, and daughter stations, with the stations hitting 10 already and lots of extra on the way in which between November and December.

He stated the infrastructure will not be procured off-the-shelf as a result of they’ve incubation from short-term to mid-term and long-term to make sure sustainability and native capability.

The board and governing council, which the President appointed two years in the past, is to create construction and construct the funding coverage as a result of the Fund is an fairness fund as a substitute of a mortgage or grant.

The MDGIF has already recorded about $600 million Final Investment Decisions (FIDs) in two years — an indication, Adama stated, that investor confidence in Nigeria’s fuel is actual.

“FIDs mean we signed; it does not mean we will deploy the funds,” he clarified, stressing that deployment follows strict due diligence.

Adama revealed that the Fund has run as a lot as $300 million to cowl 41 fuel initiatives and 205 infrastructure initiatives. He revealed that 10 initiatives have been commissioned in lower than two years whereas it is going to additional inaugurate further 40 or 50 earlier than the top of this yr.

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