• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Friday, March 6, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home Business & Economy

Nigeria Launches First LCNG Hub in North-East

June 4, 2025
in Business & Economy
Reading Time: 4 mins read
0
NIGERIA
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

In a landmark move to advance Nigeria’s energy transition and economic development, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, inaugurated the country’s first-ever Liquefied to Compressed Natural Gas (LCNG) hub in Yola, Adamawa State, on Tuesday.

The facility, developed by Greenville LNG, marks a significant milestone in the federal government’s ambitious “Decade of Gas” initiative, aimed at harnessing Nigeria’s vast natural gas reserves to drive industrialization, energy security, and inclusive growth.

The inauguration of the Yola LCNG hub represents a pioneering public-private partnership designed to enhance energy accessibility and sustainability across Nigeria, particularly in the historically underserved North-East region.

Speaking at the event, Minister Ekpo emphasized the transformative potential of the project, describing it as a “beacon of hope and opportunity” for Adamawa State and the broader region.

“This facility is a testament to what we can achieve through collaboration between the government and private sector,” Ekpo said. “For too long, the Northeast has faced infrastructural challenges that have constrained its economic potential. Today, we are turning the tide, ensuring that the benefits of Nigeria’s gas resources reach every corner of our nation.”

A Strategic Step Toward Energy Transformation

The LCNG hub, strategically located in Yola, is a cutting-edge facility that integrates liquefied natural gas (LNG) and compressed natural gas (CNG) to provide cleaner and more affordable energy alternatives to traditional fuels like diesel and petrol.

The innovative model is designed to power vehicles, industrial equipment, and other applications, offering a sustainable solution that aligns with global trends toward cleaner energy.

Ekpo highlighted the project’s alignment with President Bola Tinubu’s vision to leverage Nigeria’s gas resources for economic transformation. “President Tinubu has made it a national priority to harness our gas wealth for industrialization and social development,” he noted. “This LCNG hub is a perfect example of innovation in action, delivering not just energy but jobs, business opportunities, and hope for a more inclusive future.”

The minister also underscored the project’s role in fostering peace and stability through economic empowerment. By creating jobs and enabling businesses in the Northeast, the facility is expected to contribute to regional development and address longstanding socio-economic challenges.

A Call for Further Investment

Ekpo urged other investors and gas developers to follow Greenville LNG’s lead and invest in similar LCNG projects across Nigeria. “There is still so much ground to cover and so many communities that remain underserved,” he said. “We invite more stakeholders to join us in this transformative journey to ensure that no region is left behind.”

The minister also expressed gratitude to the government and people of Adamawa State for their support, particularly for providing land and creating a conducive environment for the project’s construction. He emphasized the cost-effectiveness and environmental benefits of CNG, noting that it is a cheaper and cleaner alternative to petrol, aligning with President Tinubu’s commitment to improving the livelihoods of Nigerians.

Adamawa’s Commitment to a Greener Future

Representing Governor Ahmadu Fintiri, Adamawa State’s Deputy Governor, Kaletapwa Farauta, commended the Federal Government for facilitating the investment. She highlighted the state’s alignment with the project’s goals, particularly its focus on cleaner energy sources in the face of climate change challenges.

“Climate change is real, and its impacts are evident in our state,” Farauta said. “Every policy and project we undertake is geared toward protecting our environment and ensuring that our citizens breathe healthy air. This LCNG hub is a step in the right direction, and we are committed to ensuring its success.”

Farauta also called for continued federal intervention to support similar initiatives, pledging the state government’s cooperation to maximize the project’s impact.

Greenville LNG’s Ambitious Investment

Eddy Broeke, chairman of Greenville LNG, revealed that the company is investing over $1 billion in Nigeria’s energy sector, with plans to replicate the LCNG model in other states. Broeke called on the government to provide ongoing support to ensure the success of these projects, emphasizing their potential to drive economic growth and energy accessibility nationwide.

“This is just the beginning,” Broeke said. “Our commitment to Nigeria’s energy future is unwavering, and we look forward to working with the government to bring more of these transformative projects to fruition.”

WHAT YOU SHOULD KNOW

The Yola LCNG hub sets a new standard for energy innovation in Nigeria, offering a scalable model for delivering clean, affordable energy to underserved regions. By leveraging advanced technology and fostering public-private collaboration, the project underscores the federal government’s commitment to its “Decade of Gas” agenda, which seeks to position natural gas as a cornerstone of Nigeria’s energy security and economic development.

As the nation continues to struggle with energy challenges, the Yola facility serves as a powerful symbol of progress, demonstrating that inclusive and sustainable development is within reach. With more investments and partnerships on the horizon, Nigeria is poised to unlock the full potential of its natural gas resources, paving the way for a brighter, cleaner, and more prosperous future.

Tags: YOLA STATE
Share197Tweet123Share34
Previous Post

Man and Woman Publicly Flogged in Indonesia’s Aceh for Sex Outside Marriage

Next Post

Nigeria Moves Towards Military Self-Reliance with Local Defence Production – Minister Badaru

Related Posts

Dangote

Dangote Refinery Assures Nigerians of Stable Petrol Supply

by Victoria Ogbadu
March 5, 2026
0

Dangote Petroleum Refinery & Petrochemicals has reassured Nigerians of its commitment to ensuring a steady supply of petrol across the...

Crypto

Crypto Bill Reaches Deadlock

by Victoria Ogbadu
March 5, 2026
0

Negotiations over the cryptocurrency reform bill have ground to a halt, with major banks refusing to endorse a White House-brokered...

Banks

Banks Stay Cautious Amid Private Lending Drop

by Victoria Ogbadu
March 5, 2026
0

Nigerian banks tightened their lending purse strings at the dawn of 2026, as fresh data from the Central Bank of...

Manufacturing

Nigeria Targets 25% Manufacturing GDP by 2035

by Victoria Ogbadu
March 5, 2026
0

The federal government has launched the Nigeria Industrial Policy (NIP), targeting a dramatic increase in the manufacturing sector's contribution to...

Gas

Cooking Gas Prices Surge Amid Middle East Crisis

by Victoria Ogbadu
March 5, 2026
0

The price of liquefied petroleum gas (LPG), commonly known as cooking gas, has skyrocketed across Nigeria, with retailers now charging...

Load More
Next Post
Photo of Badaru Abubakar

Nigeria Moves Towards Military Self-Reliance with Local Defence Production – Minister Badaru

DAVIDO

Davido’s Visit to Tinubu Sparks Debate on Selective Criticism in Nigeria

Photo of South Korea’s President Lee Jae-myung

South Korea’s New President Vows North Korea Talks and US-Japan Alliance

Photo of Tijjani Reijnders

Manchester City Reach Agreement with AC Milan for Reijnders

Netflix

Netflix Price Hikes Hit Nigeria, South Africa as Economic Strains Soar

Tinubu speaking

Tinubu Approves N2bn for Flood Victims’ Housing Reconstruction in Mokwa

Russian president speaking

Russia Denies Kidnapping 20,000 Ukrainian Children, Calls Allegation Politically Driven

DANIELS

Regina Daniels Fires Back: Accuses Angela Okorie of Chasing Husband Ned Nwoko

TRADE

Trade Talks and Tariffs: U.S.-EU Negotiations Progress Amid Global Disruptions

CBEX Suspects

EFCC Declares Two More Suspects Wanted in ₦1.3trn CBEX Fraud Case

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
us to deport 79 nigerians

Full List: US To Deport 79 Nigerians

February 11, 2026
FG (TInubu) To Stop Salaries Of Unverified Workers

Tinubu Makes 12 New Appointments

February 11, 2026
Rihanna

Rihanna: Vibrant Star Elevating Nigerian Fashion Trends

1
Markets

European Markets Fall as French Government Crisis Deepens, Trump Fires Fed Governor

1
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
Photo of Seif al-Islam Gaddafi

Libya Identifies Suspects in Gaddafi Son’s Killing

March 5, 2026
CAF Postpones 2026 WAFCON

CAF Postpones 2026 WAFCON

March 5, 2026
Dangote

Dangote Refinery Assures Nigerians of Stable Petrol Supply

March 5, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp