At our firm, we take pride in supporting transformative projects that shape industries and empower economies. We are therefore delighted to have served as transaction advisor on a groundbreaking Public-Private Partnership (PPP) between Rolling Energy Limited and the Government of Kwara State, a partnership that marks a major step forward in Nigeria’s energy transition.

This historic collaboration will see the establishment of a Compressed Natural Gas (CNG) conversion workshop and refueling station in Ilorin, a project that is not only innovative but also aligned with Nigeria’s broader objectives of reducing transportation costs, lowering carbon emissions, and driving energy sustainability.

What is CNG and Why Does it Matter?

Compressed Natural Gas (CNG) is natural gas primarily methane that has been compressed to less than 1% of its volume at standard atmospheric pressure. It is stored in high-pressure cylinders and used as a fuel alternative to petrol and diesel in vehicles.

CNG-powered vehicles operate much like traditional fuel cars but with significant benefits:

• Cost Efficiency: CNG is considerably cheaper than petrol and diesel, reducing transportation costs for individuals, businesses, and government fleets.
• Environmental Impact: It burns cleaner, producing fewer greenhouse gas emissions and pollutants, thereby improving air quality.
• Energy Security: Nigeria is richly endowed with natural gas reserves. Expanding the use of CNG reduces dependence on imported fuel, strengthens energy security, and creates new economic opportunities locally.

Why This Project is Transformational

The construction of the Ilorin CNG conversion and refueling hub demonstrates a forward-thinking response to Nigeria’s energy challenges. By enabling motorists to convert their vehicles to CNG and providing a reliable refueling infrastructure, this project lays the foundation for a scalable, nationwide shift toward alternative fuels.

Beyond cost savings for citizens, the project will stimulate local industries, create jobs, and support Nigeria’s transition into a low-carbon economy, all while maximizing the nation’s abundant natural gas resources.

Our Role as Transaction Advisors

As trusted advisors in this landmark deal, our firm provided strategic, legal, and commercial guidance to both Rolling Energy Limited and the Kwara State Government. We worked closely with all stakeholders to structure a fair, efficient, and bankable contract that ensures mutual benefit for the private and public partners while safeguarding long-term value for Nigeria’s economy.

Our advisory role was central in:

• Aligning the project with national energy and sustainability policies.
• Balancing commercial incentives with public interest outcomes.
• Crafting a contract framework that supports operational success and future expansion.
• By bridging private innovation and public vision, we helped create a partnership that will not only serve Kwara State but also serve as a model for energy PPPs across Nigeria and Africa.

Looking Ahead

This milestone reflects what can be achieved when government and private sector players work hand-in-hand to address pressing national challenges. For us as a firm, it reaffirms our commitment to driving projects that unlock value, promote sustainability, and contribute meaningfully to Nigeria’s economic future.

The journey toward a cleaner, more affordable, and more secure energy landscape has only just begun and we are proud to be part of this transformation.