Let’s be honest, for most Nigerians today, fueling the car feels like a punishment. Every trip to the filling station feels like a reminder that “money no dey.”
Petrol is now selling at ₦830–₦880 per litre. Diesel has crossed ₦1,000 per litre. Transport fares have doubled, food prices followed, and many families are struggling to keep up.
But while most of us are complaining, a few sharp Nigerians are quietly positioning themselves to build generational wealth from this same crisis.
The opportunity? CNG — Compressed Natural Gas.
Even with the recent hike, CNG sells for ₦380–₦450 per SCM. Even if it rises to ₦500, it is still 40–50% cheaper than petrol or diesel. That price gap is where the money lives.
Let me paint the picture for you.
A driver in Abuja spends about ₦3,500 daily on CNG. His colleague using petrol spends around ₦25,000 daily. That’s a ₦21,500 saving every single day.
Do the math:
- Monthly savings: ~₦645,000
- Yearly savings: ~₦7.7 million
Now imagine thousands of drivers and companies switching. That’s not just fuel savings, that’s new wealth creation.
Why this is bigger than people think
Nigeria has over 50 million vehicles. Guess how many are running on CNG today? Just 50,000.
Government’s target is to hit 1 million CNG vehicles by 2027.
That huge gap is not a problem, it’s a money magnet waiting for those who will step in early.
The opportunities are not only in selling gas itself. New billionaires will be made in:
- Conversions (turning petrol cars into CNG cars)
- Stations (refuelling points across Nigeria)
- Supply chain (parts, kits, accessories, transportation)
- Training (technicians, engineers, service staff)
- Real estate (land around future stations and hubs)
Opportunities for everyday Nigerians
You don’t need billions to play. Here are simple entry points for the average hustler:
- Learn a skill – Train as a CNG technician. Training costs ₦200k–₦500k, but you can earn ₦300k–₦1m yearly installing and servicing kits.
- Convert your car – A conversion costs around ₦1.5m, but you could save up to ₦500k monthly if you drive regularly.
- Trade around the stations – Open a small CNG accessory or filling shop near a station. Early movers will cash out as traffic grows.
Opportunities for wealthy investors
If you have bigger pockets, the opportunities multiply:
- Conversion centre – Setup cost: ₦20m–₦50m. Even 10 cars daily at ₦1.5m each = ₦15m revenue daily.
- Refuelling station – ₦300m–₦500m setup. With 500 cars daily spending ₦20k each = ₦10m revenue per day.
- Land banking – A ₦10m plot near a proposed CNG station could easily double or triple once the station opens.
This is how wealth is quietly built by positioning ahead of the curve.
How to plug in smarter
Don’t just rush blindly. Here’s how to step in the right way:
- Visit pcngi.gov.ng for partnerships, grants, and official updates.
- Partner with transport unions. Many are already converting thousands of buses.
- Learn CNG servicing via NNPC training hubs and other centres.
- Buy small shares in firms like Tetracore, NLNG partners via the NGX (if you want stock market exposure).
Step by step, you can move from observer to participant.
Nigeria’s hidden treasure
Nigeria is sitting on 209 trillion cubic feet of natural gas. That’s more than enough to power this country for decades.
So when people say “this gas thing fit no last,” smile. The resources are here. What matters is who positions early.
Energy wealth doesn’t wait for complainers. It rewards bold action takers.
The deeper truth
The Bible says, “The wealth of the nations shall come to you.” (Isaiah 60:5).
The gas under Nigeria’s soil is not a curse, it’s a blessing waiting for wise hands. But here’s the thing: wealth doesn’t come to those who fold their arms. It comes to those who see the shift early and act with wisdom.
If you keep buying petrol at ₦880 and complaining, nothing will change. But if you learn the skills, invest in conversion, or even buy land near future stations, you’ve taken a step into the future.
This is not just about cheaper fuel. It’s about a new wealth era in Nigeria.
We don’t grow by learning alone. We grow by doing.
Energy wealth is moving. The question is simple: will you just watch from the sidelines, or will you own a piece of it?
