Oyo State government under the leadership of Governor Seyi Makinde has signed an agreement with a private firm to boost transportation sector in the state through operation of CNG refueling facility in the State.
The Nation reports that Atlas Core Energy & Logistics, an operator in the country’s clean energy and gas-based mobility ecosystem, has signed a 20-year landmark public-private partnership (PPP) with the Oyo State Government.
Under the partnership with the Oyo State Pacesetter Transport Service (PTS), Atlas Core will deliver and operate a CNG refuelling facility within the Pacesetter premises in Ibadan, support the rollout of CNG-powered buses and enable large-scale fleet conversion across the state. Pacesetter Transport Service currently operates with about 50 CNG buses.
The agreement positions Atlas Core as a strategic private-sector partner supporting the Federal Government’s Presidential Initiative on CNG (Pi-CNG) and Nigeria’s long-term net-zero greenhouse gas emissions target for 2060.
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Speaking on the partnership, Chief Executive Officer, Atlas Core Energy & Logistics, Dr. Owoade Emmanuel, said: “The Ibadan CNG facility, our partnership with Pacesetter Transport Service and the signing of this MoU with the Oyo State Government are practical steps towards reducing commuter costs, lowering carbon emissions, and demonstrating that public-private collaboration can successfully scale the Pi-CNG initiative across Nigeria.”
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He emphasised that the company is aims at building infrastructure that makes cleaner and more affordable transport systems possible, reduce reliance on combustion-based transport fuels and lower per-kilometer operating costs for buses and logistics operators. These outcomes, he noted, are directly aligned with Nigeria’s energy transition objectives and local priorities for accessible mobility.
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The Chairman and Sole Administrator of Pacesetter Transport Service, Dikko Salami, who represented the state governor, Seyi Makinde, at the MoU signing, emphasised that the expansion of CNG-powered transport reflects the administration’s commitment to sustainability and cost efficiency.
“These 50 new buses and the CNG station represent more than assets; they symbolise a cleaner, smarter and more dependable future for Oyo State as a whole,” he said.
