Rivers State, Firm Ink Deal for CNG Infrastructure Installation

The Rivers State Government has signed an agreement with Creek Transitway Ltd, a private sector firm, to establish Compressed Natural Gas (CNG) infrastructure in the state.

A statement from the firm on Tuesday described the Memorandum of Agreement (MoA) as a significant step towards sustainable energy, which aims to reduce transportation costs in Rivers State.

During the signing ceremony in Port Harcourt, the state’s Attorney-General and Commissioner for Justice, Dagogo Ibiroma, hailed the initiative as a landmark achievement. “The establishment of CNG infrastructure in Rivers State is a transformative journey, setting a precedent for other regions,” Ibiroma said.

He emphasized that the partnership would facilitate essential CNG infrastructure, benefiting the state’s transportation sector. “This reflects our commitment to sustainable energy solutions and supports the state’s economic development by reducing transportation costs,” he added.

Ibiroma highlighted the state government’s dedication to economic and social development through sustainable energy projects, aiming to improve the quality of life and contribute to national energy transition efforts.

“CNG is known for its cost efficiency, offering up to 60 percent savings over petrol. This initiative is expected to lower transportation fares, making them more affordable for the public and reducing the overall cost of living,” he explained.

Wisdom Elijah, Chief Executive Officer and co-founder of Creek Transitway, expressed excitement about the partnership. “We are excited to work with the Rivers State Government to bring this vision to life and positively impact the state’s economy,” Elijah said.

The event was attended by the state’s Commissioner for Energy and Natural Resources, Uchechukwu Nwafor, directors from the two ministries, the executive team from Creek Transitway Ltd, and representatives from Globus Bank.

This agreement aligns with Nigeria’s adoption of gas as a transition fuel, particularly following the removal of fuel subsidies.