OCTAGRAM Fusion CNG Limited (“OCTAGRAM”), a Nigerian power infrastructure growth firm and the Ondo State Development and Investment Promotion Agency (“ONDIPA”) are happy to announce a strategic settlement for the event of a proposed 9 million commonplace cubic ft per day (MMSCFD) Compressed Natural Gas (CNG) mom station inside the Ore industrial Park in Omotosho space of Ondo State.
The long-term settlement, executed on 14 October 2026, gives for the situation of the proposed facility inside the industrial park, in proximity to present nationwide pure gasoline pipeline infrastructure. This strategic location is anticipated to facilitate entry to gasoline feedstock, topic to the mandatory technical and industrial preparations, whereas positioning the venture to serve industrial and transportation power demand throughout Ondo State and the broader southwestern Nigerian market.
The settlement follows OCTAGRAM’s profitable attainment of a Licence to Establish (LTE) from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in May 2026, representing an necessary regulatory milestone in the venture’s growth.
The firm is at the moment progressing the necessities for its Licence to Construct (LTC), alongside engineering growth, industrial preparations and different preparatory actions.
Supporting Nigeria’s Gas-Led Industrial Development
The proposed facility is designed to present a dependable supply of compressed pure gasoline for industrial producers, industrial transportation fleets, unbiased CNG distribution operators and different energy-intensive companies.
At its deliberate manufacturing capability of 9 MMSCFD, the station is anticipated to assist the growth of digital pipeline infrastructure, enabling pure gasoline to be transported by specialised high-pressure containers and delivered to clients past the attain of standard gasoline pipeline networks.
The funding aligns with Nigeria’s broader ambition to enhance home pure gasoline utilisation, diversify power sources and enhance industrial competitiveness.
The growth is anticipated to assist the efforts of the administration of Governor Dr. Lucky Orinisan Aiyedatiwa in the drive to rising Ondo State industrial ecosystem, entice complementary funding and create financial alternatives throughout gasoline transportation, logistics, engineering, operations and related providers.
A Strategic (*9*) for Industrial Growth
Speaking on the settlement, Barrister Emmanuel Omomowo, Chief Executive Officer ONDIPA, stated:
“Ondo State stays dedicated to attracting investments that unlock our pure sources, strengthen industrial infrastructure and create sustainable financial alternatives for our individuals.
“Our settlement with OCTAGRAM Fusion CNG represents one other necessary step in the direction of positioning Ondo State as a aggressive vacation spot for energy-intensive industries and private-sector funding.
“We welcome this project and look forward to supporting its successful development in accordance with the applicable regulatory framework.”
Olutunde Odeyale, CEO, OCTAGRAM Fusion CNG Limited, commented:
“Our funding thesis is constructed round a transparent industrial alternative: Nigeria has substantial pure gasoline sources, but many industrial and industrial customers stay unable to entry dependable and competitively priced gasoline.
“By finding our proposed mom station shut to present gasoline transmission infrastructure at Omotosho, we intend to bridge that hole by means of an environment friendly CNG manufacturing and distribution platform.
“The agreement with ONDIPA and our attainment of the Licence to Establish are significant steps towards delivering that vision. Our immediate priorities are to complete the remaining regulatory processes, advance our infrastructure development plans and establish long-term relationships with customers and commercial partners.”
Expanding Access to Natural Gas
The proposed facility is anticipated to serve clients inside an economically viable distribution radius of Omotosho, together with industrial clusters and transportation corridors connecting Ondo State with Lagos, Ekiti, Ogun, Edo, Oyo and neighbouring markets.
OCTAGRAM intends to deploy a distribution mannequin combining mother-station compression capability with specialised CNG transportation gear and downstream supply infrastructure.
The firm is actively exploring long-term gasoline provide and offtake preparations with industrial customers, energy producers, fleet operators, CNG daughter-station operators and different potential clients.
The venture stays topic to the mandatory regulatory approvals, passable technical preparations and completion of business and financing necessities.
