The Presidential Compressed Natural Gas Initiative (#PCNGi) made a notable impact at the Climate Action Africa Forum 2024, the largest gathering of climate change stakeholders on the continent, held in Lagos. The event brought together leaders, experts, and activists to discuss and strategize on climate action across Africa.
Engineer Michael Oluwagbemi, the Chief Executive of #PCNGi, delivered a compelling keynote address. He outlined the initiative’s ambitious vision of converting Nigeria’s waste gas into valuable resources, underscoring its dedication to sustainable energy solutions and proactive climate action. Oluwagbemi emphasized that harnessing waste gas not only reduces environmental pollution but also offers significant economic benefits.
“The Presidential CNG Initiative is a testament to Nigeria’s commitment to turning environmental challenges into economic opportunities,” Oluwagbemi stated. “By transforming waste gas into wealth, we are not only addressing the issue of gas flaring but also creating a new revenue stream that can drive economic growth and job creation.”
The keynote address also highlighted several key projects and achievements of the initiative. These include the development of infrastructure for compressed natural gas (CNG) distribution, partnerships with local and international stakeholders, and the promotion of CNG as a cleaner, more affordable alternative to traditional fossil fuels.
Oluwagbemi noted that the initiative is aligned with global climate goals and Nigeria’s own targets under the Paris Agreement. He called on other African nations to adopt similar strategies, leveraging their natural resources to foster sustainable development.
In addition to the keynote address, #PCNGi hosted a series of panel discussions and workshops during the forum. These sessions focused on the technical, economic, and social aspects of CNG implementation, offering insights and fostering dialogue among participants.