Nigeria’s commissioning of a 40,000 cubic meter LPG vessel represents a $50 million investment in clean energy infrastructure that positions the country as West Africa’s leading gas supplier and regional energy hub.
The MT Iyaloja vessel, owned by WAGL Energy Limited through an NNPC-Sahara Group partnership, increases Nigeria’s LPG transportation capacity to 162,000 cubic meters. This expansion could generate $800 million annually in export revenue while supporting domestic energy access initiatives.
Economic projections indicate that Nigeria’s enhanced LPG distribution network will reduce household energy costs by 25% for urban consumers while creating 45,000 jobs across the value chain – from production to retail distribution. The vessel’s dual-fuel technology demonstrates Nigeria’s commitment to environmental sustainability in energy operations.
“This investment represents Nigeria’s evolution from an oil-dependent economy to a diversified energy powerhouse,” stated Engr. Bashir Bayo Ojulari, NNPC Group Chief Executive Officer. “Our LPG fleet has delivered over 6 million metric tons across West Africa, establishing Nigeria as the region’s energy reliability partner.”
WAGL Energy’s expansion plans include adding a Small Gas Carrier and Very Large Gas Carrier within 24 months, potentially doubling current capacity. This aggressive growth strategy aligns with government projections that Nigeria’s gas sector could contribute 15% of GDP by 2030, compared to the current 8%.
The vessel’s naming honors Alhaja Abibatu Mogaji, reflecting Nigeria’s tradition of celebrating women’s contributions to economic development. Regional market analysis suggests West African LPG demand will grow 12% annually through 2028, driven by urbanization and environmental regulations favoring cleaner cooking fuels.
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