Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    July 27, 2026

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

    July 27, 2026

    Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman

    July 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oando Breaches N40 Support on Pre-Earnings Sell Pressure
    • H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion
    • Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman
    • Nigerian Naira Hovers at N1,362 as CBN Drives 50% of FX Liquidity
    • Linkage Assurance Finalises N16.2bn Rights Issue
    • Transcorp Power, Access Holdings Selloffs Drag NGX Index Lower
    • BEAT- Audiera Gains 24% in 24Hours Ahead of Major Token Unlock
    • South African Rand Firmer on Improved Global Risk Sentiment
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, July 28
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Sagamu–Ibadan Gas Pipeline Hits 80% Completion

    Sagamu–Ibadan Gas Pipeline Hits 80% Completion

    Ogooluwa AremuBy Ogooluwa AremuFebruary 28, 2026 News No Comments3 Mins Read
    Sagamu–Ibadan Gas Pipeline Hits 80% Completion
    Mr. Nagendra Verma, MD NIPCO Gas Ltd
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Sagamu–Ibadan Gas Pipeline Hits 80% Completion

    The Managing Director of NIPCO Gas Ltd., Mr. Nagendra Verma, says the 18-inch, 80-kilometre Sagamu–Ibadan natural gas pipeline has reached 80 per cent completion.

    Verma disclosed this during an interactive session with energy correspondents on Friday in Lagos.

    He stated that the project is scheduled for delivery between June and July, reaffirming the company’s commitment to completing the strategic infrastructure within the projected timeline.

    According to him, the pipeline, being developed in partnership with NNPC Gas Marketing Ltd. (NGML), will significantly boost gas supply to industrial and commercial consumers in Ogun and Oyo states, as well as adjoining areas in the Southwest.

    Verma described the Sagamu–Ibadan pipeline as a major milestone in Nigeria’s gas expansion drive, noting that it is expected to strengthen industrial productivity and enhance energy security.

    “This critical infrastructure will improve manufacturing competitiveness, lower production costs for industries dependent on alternative fuels, and stimulate regional economic growth,” he said.

    He added that given the project’s strategic importance to Southwest industrialisation and national energy security, the company sought the continued cooperation and support of relevant federal and state authorities to ensure seamless execution.

    Verma explained that many manufacturers in the region currently rely on diesel and Low Pour Fuel Oil (LPFO), both of which are more expensive and subject to price volatility.

    He noted that access to pipeline gas would provide a more stable, cost-effective and environmentally friendly alternative, enabling businesses to optimise operations and expand capacity.

    Beyond the Ibadan corridor, he disclosed that NIPCO Gas, in collaboration with NGML, is also developing complementary gas distribution infrastructure from Sagamu to Abeokuta to deepen gas penetration across Ogun State.

    The Sagamu–Abeokuta project, he said, is aimed at accelerating industrial growth by providing reliable gas supply to existing manufacturers while attracting fresh investments into the state.

    He further noted that the initiative is projected to improve energy reliability, enhance operational efficiency for businesses and boost internally generated revenue through increased economic activity.

    “The project continues to enjoy strong collaboration and support from the Ogun State Government, reflecting a shared commitment to energy-driven economic development and sustainable industrial expansion,” Verma added.

    The Sagamu–Ibadan pipeline as strategic backbone infrastructure that will further consolidate Ogun and Oyo states as leading industrial hubs in the Southwest.

    Improved access to natural gas is expected to drive growth across key sectors, including cement, food and beverage, steel, pharmaceuticals and agro-processing. #Sagamu–Ibadan Gas Pipeline Hits 80% Completion#

    Abia Govt. to Convene Business Roundtable to Drive Investment Growth

    Sagamu-Ibadan Gas Pipeline
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogooluwa Aremu
    • Website

    Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.

    Keep Reading

    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

    Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman

    Nigerian Naira Hovers at N1,362 as CBN Drives 50% of FX Liquidity

    Linkage Assurance Finalises N16.2bn Rights Issue

    Transcorp Power, Access Holdings Selloffs Drag NGX Index Lower

    Add A Comment

    Comments are closed.

    Editors Picks

    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    July 27, 2026

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

    July 27, 2026

    Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman

    July 27, 2026

    Nigerian Naira Hovers at N1,362 as CBN Drives 50% of FX Liquidity

    July 27, 2026

    Linkage Assurance Finalises N16.2bn Rights Issue

    July 27, 2026
    Latest Posts

    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    July 27, 2026

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

    July 27, 2026

    Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman

    July 27, 2026

    Nigerian Naira Hovers at N1,362 as CBN Drives 50% of FX Liquidity

    July 27, 2026

    Linkage Assurance Finalises N16.2bn Rights Issue

    July 27, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.