- Shafa Energy launched its first compressed natural gas (CNG) station in Abuja to support Nigeria’s shift to cleaner, affordable energy.
- The initiative aligns with the government’s 2023 Presidential CNG plan, which aims for 1 million CNG vehicles and 1,000 stations by 2027.
Shafa Energy, an AYM Shafa Holdings Limited subsidiary, has launched Shafa CNG, opening its first compressed natural gas station in Abuja. This initiative directly supports President Bola Tinubu’s administration by reducing energy costs following the removal of fuel subsidies while also advancing Nigeria’s commitment to a cleaner and more sustainable energy future.
Yakubu Maishanu, Executive Chairman of AYM Shafa Holdings Limited, emphasised that Shafa CNG represents a major step forward in delivering sustainable energy solutions. He explained that the project aligns with the Federal Government’s vision and shows the company’s dedication to lowering environmental impact and improving Nigerians’ lives.
Since the fuel subsidy removal in 2023, the government has rapidly expanded CNG infrastructure, increasing conversion centres from seven to 193 and attracting $440 million in private sector investment. Consequently, Maishanu stated that the Presidential Compressed Natural Gas Initiative, launched in 2023, aims to have one million CNG vehicles by 2027 and establish 1,000 conversion and refuelling stations nationwide.
Furthermore, Shafa Energy designed this initiative to provide reliable, efficient, and eco-friendly solutions that benefit communities and promote national prosperity. Maishanu highlighted that the launch marks a significant milestone, demonstrating the company’s ongoing commitment to reducing its environmental footprint.
In conclusion, Maishanu expressed optimism about Shafa CNG’s lasting impact, calling it a testament to the company’s innovative spirit and collaborative efforts. He affirmed, “As we move forward, we will continue working with partners, customers, and stakeholders to expand CNG adoption and contribute to a more sustainable and prosperous Nigeria.”