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 supporting 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 administration’s transformative agenda.”
