- Atlas Core Energy and PTS are constructing a CNG refuelling station in Ibadan to promote clean transportation and reduce fuel costs.
- The project enables fleet expansion, ensures reliable fuel access, creates employment opportunities, and supports Nigeria’s transition to cleaner energy.
ATLAS Core Energy and Logistics Limited announced that it will build a compressed natural gas (CNG) refuelling station in Oyo State. The project is part of a 20-year public-private partnership with the Oyo State Pacesetter Transport Service (PTS).
According to the company, the initiative marks a milestone for the state’s clean energy transition. Moreover, it will improve transportation reliability across the region. The station, located within PTS’s operational yard in Ibadan, is scheduled for completion by the end of 2025. Full operations are expected to begin in January 2026.
The company stated that the project supports Governor Seyi Makinde’s efforts to enhance energy security and lower fuel costs. In addition, it aligns with the Federal Government’s Presidential Initiative on CNG and Nigeria’s net-zero goal for 2060.
PTS Sole Administrator Dikko Salami said the station will enhance efficiency and promote energy innovation. “CNG costs significantly less than traditional fuels. Therefore, by partnering with Atlas Core Energy, we reduce operating costs and improve schedule reliability,” he said.
He added that PTS currently runs 30 CNG buses. However, the fleet is expected to double to 60 by year-end. The new station eliminates delays caused by trips to Lagos for refuelling. Consequently, it will provide direct and uninterrupted access to energy.
Atlas Core Energy CEO Emmanuel Owoade stated that the project will revolutionise transportation energy in Oyo State. He added that it will create sustainable jobs, build local technical expertise, reduce PTS’s operating expenses, and generate revenue from commercial CNG sales and vehicle conversion services.