Business
Tetracore Advances Natural Gas Monetization in Nigeria with Compressed Natural Gas (CNG) Commissioning, Liquefied Natural Gas (LNG) Ground Breaking
| Tetracore’s commissioning of its CNG facility and launch of a modular LNG project in Nigeria marks a critical step towards bolstering energy accessibility and sustainability in the region |
| Integrated energy solutions provider Tetracore has commissioned phase one of its Compressed Natural Gas (CNG) facility in Nigeria – representing a significant step towards strengthening the country’s natural gas distribution infrastructure. The company has also broken ground on the construction of a modular Liquefied Natural Gas (LNG) facility, which is poised to not only diversify Tetracore’s oil and gas portfolio but advance monetization in the gas-rich nation. As the voice of the African energy sector and a strong advocate for natural gas development in Africa, the African Energy Chamber (AEC) commends both of these achievements, recognizing the role facilities such as these will play in making energy poverty history in Africa. Tetracore – led by Managing Director Olakunle Williams – continues to make great strides towards promoting industrialization and electrification in Africa through the development of natural gas. The commissioning comes ahead of the African Energy Week (AEW): Invest in African Energy conference this November (4-8), which provides a platform for deals to be signed and African energy projects advanced. AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. The development of Tetracore’s CNG facility – with a capacity of 3.1 million standard cubic feet per day (MMscf/d) – falls in line with the Nigerian government’s Decade of Gas initiative, which promotes the role of gas as a catalyst for industrial growth. Located on the Benin-Sagamu Express Road in Ogun State, the CNG facility aims to bolster gas availability along Nigeria’s Western-Southern corridor, which houses some of the country’s largest industrial clusters. Tetracore has plans to double the project’s capacity to 6.2 MMscf/d in the future, ensuring demand continues to be met as industrialization advances in Nigeria. Additionally, Tetracore’s CNG plant is near the Nigerian National Petroleum Corporation’s Gas Marketing Limited (NGML) connection point, which connects to the Escravos-Lagos Pipeline – the main gas transmission pipeline between the Niger Delta and the commercial capital of Nigeria, Lagos. This prime location ensures reliable pressure for effective and efficient CNG production and distribution, reaching both western and southern markets. Tetracore has also equipped the facility with advanced compression technology featuring an inbuilt fire suppressant system, ensuring safety and optimal performance, and the facility boasts an energy conversion efficiency rate of over 90%. As such, the project is expected to play a crucial role in enhancing local energy accessibility and providing a cleaner alternative to traditional energy sources. By utilizing CNG, the company aims to reduce carbon emissions and contribute to a more sustainable energy landscape in Africa. In addition to the CNG facility, Tetracore has also broken ground on a modular LNG facility. The planned 10 MMscf/d LNG facility will diversify the company’s energy offerings and contribute to Nigeria’s energy independence. Designed to efficiently produce and distribute LNG in Nigeria, the LNG facility provides an environmentally-friendly energy source for the country. This will be particularly instrumental for industries such as transportation and power generation. Additionally, the modular nature of the facility allows for scalable expansion, which will enable Tetracore to adapt to the growing energy needs of the region. “Tetracore’s activities in Africa are part of a broader strategy to develop robust and sustainable energy solutions across the continent. The Chamber recognizes the importance of Tetracore’s projects in ensuring energy security and driving forward the energy transition in Africa, providing reliable and cleaner solutions,” states NJ Ayuk, Executive Chairman of the AEC. |
Business
FG, Investonaire Academy Unveil National Programme to Equip 100,000 Youths with Financial Skills, Digital Wealth Tools
By Joel Ajayi
The Federal Government, in collaboration with Investonaire Academy, has unveiled a nationwide financial literacy and wealth-building programme targeting more than 100,000 young Nigerians. The initiative is designed to equip participants with practical skills in budgeting, saving, investing, asset building, and long-term financial planning, positioning them for sustainable prosperity in a rapidly evolving economy.
Launched on Tuesday in Abuja, the Honourable Minister of Youth Development, Comrade Ayodele Olawande, described financial literacy as a necessary survival tool for young people confronting today’s economic realities.
He noted that the initiative represents the foundation of a broader vision expected to extend beyond Nigeria to other African nations and global markets.
Reaffirming the Federal Government’s commitment to supporting over 4,000 corps members annually, the Minister said the programme will provide platforms, resources, and skills needed for both job creation and employability.
“The young people who understand money — how to save, invest, build assets, and manage risk — are the ones who will lead Nigeria into prosperity,” he said.
A major highlight of the launch was the expansion of the Nigeria Youth Academy, a digital platform offering mentorship, training, and startup support. According to the Minister, more than 200 startups will receive empowerment through the Academy’s e-app platform before the end of the year.
He stressed the need for deeper collaboration with private organisations, innovators, and youth-focused groups, noting that government alone cannot drive youth development. He further encouraged young Nigerians to embrace skills acquisition, innovation, and digital enterprise, saying these remain critical to reducing the desire for migration and increasing self-reliance.
Outlining the Ministry’s long-term commitments, Olawande emphasized three priorities: supporting youth innovation, equipping them with growth tools, and safeguarding millions of Nigerian youths under the Ministry’s mandate.
Speaking at the launch, Sebastien Sicre, Chief Operating Officer of Investonaire Academy, said the programme was crafted to revolutionize the way Nigerian youths learn and apply financial knowledge. He highlighted the Academy’s gamified Learning Management System (LMS), which offers interactive learning tools, community forums, and real-time mentorship to make financial education engaging and accessible.
Complementing the digital platform is a new 200-square-metre physical training centre in Abuja, opposite the NNPC Towers, where in-person workshops and mentorship sessions will take place.
The curriculum covers key global asset classes — including equities, commodities, forex, and indices — ensuring participants gain a broad understanding of financial markets.
Sicre added that with Federal Government backing, the programme seeks to unlock new opportunities, strengthen youth participation in the digital economy, and reward outstanding participants through a $1 million funding pool to support new and existing ventures.
International Programme Director of Investonaire Academy, Dr. Enefola Odiba, explained that the initiative aims to bridge long-standing gaps in financial education among Nigerian youths. While schools teach many subjects, he said, essential financial skills are often missing.
“Many people can earn money — earning money can be easy. The real challenge is retaining, managing, and growing that money,” he noted.
Referencing the Central Bank of Nigeria’s definition of financial literacy, Odiba stated that implementation remains a major national challenge. He said the initiative brings together government agencies, youth groups, academic institutions, and private-sector partners to translate strategy into measurable impact.
The programme’s curriculum covers budgeting, saving, investing, and financial planning — areas where many young people struggle. By offering practical training, real-world insights, and guided mentorship, the initiative aims to build a generation of financially empowered youth capable of driving innovation, entrepreneurship, and sustainable economic growth.
With this partnership, the Federal Government and Investonaire Academy share a common goal: to empower young Nigerians with the financial intelligence and digital tools needed to build wealth, grow businesses, and transform the nation’s economic future.
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