Market News
FG attracts $791.49m CNG investments in two months – Report - PUNCH
Nigeria’s drive to deepen the adoption of Compressed Natural Gas as an alternative transport fuel has taken a further step, with the Federal Government attracting over $791.49m in investments between May and June 2025, The PUNCH reports.
It has also ramped up its push for compressed natural gas adoption in the transport sector, mobilising over $980m in investments and deploying more than 100,000 CNG kits within 12 months as part of the Presidential CNG Initiative.
This was disclosed in a document obtained from the Presidential Initiative on Compressed Natural Gas Secretariat on Wednesday in Abuja.
“Between May and June 2025 alone, we mobilised over $791.49m in private sector investments into the CNG ecosystem, covering infrastructure, conversion kits, logistics, and platforms. This surge reflects growing investor confidence in Nigeria’s clean energy transition and the bankability of the PCNGI model.”
