NewStats: 3,263,187 , 8,179,359 topics. Date: Thursday, 05 June 2025 at 12:45 AM 1i152l

President Bola Ahmed Tinubu’s initiative on alternative energy source has attracted over $1 billion in Direct Foreign Investments to the Oil and Gas Free Zone Authority’s Liberty OGFZ in the last 17 months, the Chief Executive Officer of OGFZA, Bamanga Jada, has said.

Jada disclosed this at a sensitisation programme on CNG infrastructural development at the Onne Oil and Gas Free Zones in Port Harcourt.

This was just as key stakeholders in the transportation, environmental and oil and gas sectors have said the Compressed Natural Gas initiative of President Tinubu is one of the major drivers of industrialization.

Speaking at the sensitisation programme on CNG infrastructural development at the Onne Oil and Gas Free Zones in Port Harcourt, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said the initiative remained one of the bold reforms of the President.

The sensitisation, tagged ‘Driving Sustainable Transportation: Accelerating CNG Adoption,’ was organised by Portland Gas in collaboration with the Oil and Gas Free Zone Authority.

Addressing the stakeholders, the minister said CNG offered a cleaner, cheaper and more sustainable solution for powering vehicles, particularly in the transportation and logistics sectors that underpinned industrial activities.

Represented by a director in the ministry, Theresa Ogolo, Oduwole, said the event marked a significant milestone in the nation’s collective effort to drive sustainable transportation and transition to cleaner and more efficient energy systems.

The minister stated, “The adoption of CNG as a viable alternative fuel aligns with the Federal Government’s broader energy transition strategy. This strategy seeks to diversify our energy mix, reduce carbon emissions, and harness the economic potential of Nigeria’s abundant natural gas reserves.

“Our presence here today, at Onne Oil and Gas Free Zone is deliberate and strategic. As a hub for innovation, investment, and industrial activity, Onne is ideally positioned to serve as a launching pad for this initiative.”

She said by developing CNG infrastructure within the zone, the government was setting the stage for widespread adoption across Nigeria and ing a future where industries and transportation systems thrived sustainably.

Ogolo further said the Federal Government, through the Ministry of Industry, Trade and Investment is fully committed to fostering partnerships with stakeholders across the public and private sectors.

She added, “As witnessed today, the strategic collaboration between Oil and Gas Free Zones Authority and Portland Gas Limited on CNG adoption and development project is an initiative to promote the use of CNG as an alternative cleaner and cheaper energy source tailored towards contributing to the current istration’s transformative agenda.”

She said to achieve the transformative initiative; emphasis must be placed on engaging stakeholders in a robust and strategic sensitization and capacity building on CNG adoption.

She said transport operators, industrial players and end-s must be educated about the economic and environmental benefits of adopting CNG, adding that public awareness, policy alignment and coordinated implementation would ensure a seamless and inclusive transition.

She promised that the Federal Government would continue to provide enabling policies, regulatory and investment incentives to accelerate CNG adoption.

The Programme Director/Chief Executive, Pi-CNG, Michael Oluwagbemi, appraised the impact of the initiative on the economy, describing gas as the fuel for industrialization.

He said, “Today we are changing the tide through President Bola Ahmed Tinubu.”

He added that the initiative had so far attracted $459 million.

Oluwagbemi said before the initiative, there were only seven conversion centres in five states, but that the number increased to 153 centres across 23 states.

The Managing Director of Portland Gas Limited, Folajimi Mohammed, commended President Tinubu for driving the initiative, adding that the Federal Government had demonstrated willingness to subsidise the cost.

He said, “In of subsidising the cost, the Federal Government has identified a few people who they have given the free kits already, so they will make sure the conversions are free of charge.

“We know that the CNG conversation is pretty expensive, but through the Ministry of Finance Incorporated, under the Credit Course Scheme, there is a fund called CALM, which is for automatic conversation, light and solar system.”

Henceforth, he said, the Onne Oil and Gas Zone would operate the conversation centre to accelerate CNG adoption for trucks and cars within the zone.

He enthused further, “The drive for conversation to CNG has been very aggressive by the present istration. The drive has been spreading very fast. As of today, we are not having issues of conversation, but refilling, which we believe that the adoption has been very high.”

On private sector partnership, he said, “Very soon, private stakeholders would be tackling the issue of refilling and is going on very well. If you qualify for that scheme they will give you the funds, almost like a form of a loan, over the time you will pay back.”

He asked the people not to be doubtful about CNG, saying that the initiative had come to stay.

He said already, Portland has opened about seven stations across Lagos, and Abuja and is currently in Onne to accelerate the process.

In his welcome address, the Managing Director/CEO of the Oil and Gas Free Zone Authority, Bamanga Jada, commended Tinubu for his bold and crucial reforms into various sectors of the economy.

Jada said, “One of His Excellency’s many reform policies, is the Presidential CNG Initiative, an innovative and far-sighted programme introduced by Mr. President as a component of his palliative intervention to provide cheaper and cleaner fuelling alternative that will significantly lower the energy cost in the country.”

Jada said the free zone authority remained committed to driving and facilitating investments that aligned with Mr President’s objectives for industrial growth and economic diversification.

He said, “In this regard, we have specifically designated two of our Free Zones at Liberty Oil and Gas Free Zone, Akwa Ibom State, and the Orashi Energy Free Zone in Imo State for gas and green energy projects, with a special focus on gas processing and renewable energy resource development projects.

“In the last 17 months under the Tinubu-led istration, OGFZA’s Liberty OGFZ has attracted FDI worth over USD$1 billion.

“More importantly, today’s event reflects the growing confidence that President Bola Tinubu’s Reform Agenda is receiving from both domestic and foreign investors alike, and showcases the diligent role that our Honourable Minister is playing in advancing Mr. President’s mandates, especially in promoting the adoption of Compressed Natural Gas as a cleaner, efficient and more environmentally friendly energy source.”

He said Nigeria is acknowledged as Africa’s largest natural gas producer, with over 209 trillion cubic feet of proven natural reserves.

He added, “In recent years, the global energy landscape has undergone tremendous change. Faced with the dual challenges of increasing energy demand and urgent environmental concerns, we must seek solutions that are both efficient and sustainable.

“CNG stands at the forefront of this endeavour. It is a cleaner, more efficient alternative to conventional fossil fuels, and today, we take a significant step toward embracing its potential.”

https://punchng.com/tinubu-attracted-1bn-to-our-two-free-trade-zones-ogfza-ceo/?amp

Tinubu is just pouring investments in Onne


A round of applause for Tinubu 👏👏👏

This will be the 3rd big interesting news about this istration today.

President don dey show workings, as Results don begin dey show.

May Nigeria be great again.

If it's Tinubu that will change the story of this Nation to good, may his haters continue to wail till 2027.

It is impossible to not love Tinubu.


-Kiss the truth!

Wolexyoshi:
This will be the 3rd big interesting news about this istration today.

President don dey show workings, as Results don begin dey show.

May Nigeria be great again.

If it's Tinubu that will change this story of this Nation to good, may his haters continue to wail till 2027.

AMEN

-Kiss the truth!

He said, “In this regard, we have specifically designated two of our Free Zones at Liberty Oil and Gas Free Zone, Akwa Ibom State, and the Orashi Energy Free Zone in Imo State for gas and green energy projects, with a special focus on gas processing and renewable energy resource development projects

Until he develops baby factory and drugs trafficking industry, he has not done anything according to the generational drug traffickers

Mynd44 nlfpmod

Good

Things are working under this government

By the time Tinubu is through with Nigeria, a lot of people will rush to be called agbadorians. Many neutrals will have no other choice than to thank those that saved them from the fake posture of lamba king whose only showing is doing cho cho cho.

Unredeemable haters however will always find something to hate and complain about.

None of the present politicians has the kind of brain, vision and boldness that Tinubu has. What I most like about him is that he is not playing to the gallery or doing photo ops.

I am an Agbadorian.

Ok o...


Make we sha see workings


Meanwhile 😄

People that really have a life will understand that all his policies are repositioning this country.

However, individuals that have nothing worthwhile doing, who should blame themselves for their own failures will only pick on the President as an easy target.

Ask yourselves, Indian and German presidents have been in this country of recent. They saw something which you as Nigerians are not seeing. Plane is flying Nigerians to the Western world and flying expatriates in, in other direction. Expatriates see Nigeria as a place full of opportunities where real wealth could be made. You ask me how? There are so many gaps in Nigeria which are screaming for solution providers. In the western world, they have filled these gaps and you can mostly work only as an employee.

Solution providers will never wail. What are you seeing? What are your perspectives? Have you seen a gap which you are trying to bridge around you? This will eventually separate the men from the infants.

Looking4Trouble:
Until he develops baby factory and drugs trafficking industry, he has not done anything according to the generational drug traffickers

those ipob miscreants know the truth, they are just pained their agulu fraud lost out

Lies and propaganda everyday…smh

rinzaugustine:
Lies and propaganda everyday…smh

u are only pained Nigerians rejected your agulu fraud

Tinubu didn’t do shitt!

Propaganda and lies. The space wasted on this long silly articles should have been spent listing two investment.

Jagaban doings, Nigeria must be great whether you like it or not. We're all working together now, Jagabandit bring $1 billion, Obi contribute his own 5million naira monthly, Atiku contribute his own jokes. We all have our parts to play in this project. Let's keep ing hands.

Mr. President is just attracting abilli billi everywhere.

Let's see how this affects our economy positively in the coming months.

Tulumbu should just step down and stop disgracing this country

Billions and billions of investments yet people are dying of hunger and he's still going round the world begging for money like an almajari.

It's their useless zombie ers they can fool not me.

PressMyButton:
Tinubu is just pouring investments in Onne


A round of applause for Tinubu 👏👏👏

Zombiee on the beat

Tinubu is working.

Jagaban is blessedly brilliant

Why Is nobody feeling the positive impact of these investments

Noted.

Nice one if true.
But we all know that Government appointees in Nigeria are professional praise singers and sycophants, so we can't take their word for it. If it comes from an independent body, then there might be some element of truth!

hisexcellency34:
Why Is nobody feeling the positive impact of these investments

Stop being a nobody friend.

MT:
People that really have a life will understand that all his policies are repositioning this country.

However, individuals that have nothing worthwhile doing, who should blame themselves for their own failures will only pick on the President as a target.

Ask yourselves, Indian and German presidents have been in this country of recent. They saw something which you as Nigerians are not seeing. Plane is flying Nigerians to the Western world and flying expatriates in. Expatriates see Nigeria as a place full of opportunities where real wealth could be made. You ask me how? There are so many gaps in Nigeria which are screaming for solution providers. In the western world, they have filled these gaps and you can mostly work as an employee.

Solution providers will never wail. What are you seeing? What are your perspectives? Have you seen a gap which you are trying to bridge around you? This will eventually separate the men from the infants.

Hope U could afford 3square meal today ?

Craze dey worry all of una

Audio money wey una dey generate still yet majority of the citizens are languishing in poverty.

E no go better for una and your revenue.