Topic: Natural Gas Pricing & Investment Opportunities in Nigeria’s Auto CNG Sector
The MEMAN Competency Centre convened a high-level virtual webinar uniting government, industry, and financial stakeholders to discuss investment opportunities in Nigeria’s Compressed Natural Gas (CNG) transport sector.
The focus was on natural gas pricing under the Petroleum Industry Act (PIA), regulatory progress, and strategic initiatives supporting the nationwide adoption of CNG mobility.
Key participants included representatives from the Ministry of Petroleum Resources (Gas), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Presidential CNG Initiative (PCNGi), Gas Aggregation Company of Nigeria (GACN), Midstream & Downstream Gas Infrastructure Fund (MDGIF), and other industry leaders.
Speakers
- Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas) – represented by Engr. Michael Oluwagbemi, Programme Director, PCNGi
- Engr. Farouk Ahmed, Chief Executive, NMDPRA – represented by Dr. Ayorinde Cardoso and Engr. Adedayo Oyinlola
- Mr. Huub Stokman, Chairman, MEMAN / MD, NNPC Retail Limited
- Oluwole Adama, Executive Director, MDGIF – represented by Elvis Duruji
- Engr. Michael Oluwagbemi, Programme Director, PCNGi
- Chijioke Uzoho, Managing Director, GACN
Key Highlights
Welcome Address
MEMAN Chairman, Mr. Huub Stokman, emphasized MEMAN’s commitment to accelerating CNG adoption through strong stakeholder collaboration, policy incentives (e.g., tax waivers, concessionary loans, improved FOREX access), and infrastructure development. He highlighted the importance of public education on CNG’s cost savings, environmental benefits, and safety, reaffirming MEMAN’s role in linking policy with market growth.
Opening Remarks
Delivered on behalf of the Honourable Minister of State for Petroleum Resources (Gas), the Minister praised MEMAN’s alignment with the Federal Government’s Decade of Gas agenda. He outlined key enablers for Auto CNG growth: transparent market pricing, public-private partnerships, and innovative funding to address infrastructure gaps. The government commits to working with stakeholders to ensure supply reliability, fair pricing, and a resilient gas economy that supports industrial growth and sustainability.