Atlas Core Energy and Logistics Limited has announced it is constructing a compressed natural gas refuelling station in Oyo State, a flagship project reportedly executed under a 20-year public-private partnership with the Oyo State Pacesetter Transport Service.
According to a statement by the company, the initiative marks a significant milestone in accelerating the state’s clean energy transition and strengthening transportation reliability across the region.
It was learnt that the CNG station, located within the PTS operational yard in Ibadan, is scheduled for completion by the end of 2025, with full operations beginning in January 2026.
”The project supports Governor Seyi Makinde’s strategic efforts to improve energy security, lower fuel costs, and establish Oyo State as a leader in sustainable public transportation. It serves as a private-sector initiative that backs the Federal Government’s Presidential Initiative on Compressed Natural Gas and Nigeria’s commitment to achieving net-zero emissions by 2060,” the company said.
Speaking on the project, the Sole Administrator of PTS, Dikko Salami, reaffirmed the agency’s commitment to operational efficiency and energy innovation.
“CNG is significantly more affordable than traditional fuels. By developing this station in partnership with Atlas Core Energy, we are reducing operating costs, improving schedule reliability, and positioning PTS at the forefront of Nigeria’s transport energy transition,” Salami said.
He noted that PTS, which currently operates 30 CNG-powered buses, plans to double the fleet to 60 by year-end, but it has faced recurring operational delays due to refuelling trips to Lagos.
The new station, it was stated, eliminates these challenges and ensures direct, uninterrupted access to the energy supply.
“This is more than a fuelling point; it is a service hub for residents and businesses seeking cost-effective alternatives to petrol and diesel,” he added.
As the private-sector lead on the project, Atlas Core Energy emphasised that its partnership with PTS reflects its long-term commitment to enabling resilient energy infrastructure across Nigeria.
The Chief Executive Officer of Atlas Core Energy and Logistics Limited, Emmanuel Owoade, expressed confidence in the initiative’s transformative impact.
“This project represents the future of transport energy in Nigeria. Our collaboration with PTS is anchored on innovation, sustainability, and long-term value creation for the people of Oyo State. By building the state’s first dedicated CNG station, we are laying the groundwork for cleaner mobility, reduced fuel costs, and new economic opportunities that will outlive the current administration,” he explained.
Owoade stated that Atlas Core Energy is proud to contribute to Makinde’s vision for a more resilient, energy-efficient transport system, saying, “This partnership underscores our belief that public-private collaboration is essential to accelerating Nigeria’s transition to cleaner fuel alternatives.
The CNG facility is anticipated to create more sustainable jobs, enhance local technical expertise, lower PTS’s operating expenses, and generate new revenue streams through commercial CNG sales and vehicle conversion services.”
