Atlas Core Energy Signs 20-Year Landmark Partnership With Oyo

Atlas Core Energy & Logistics, a leading player in Nigeria’s clean energy and gas-based mobility ecosystem, has signed a 20-year public-private partnership with the Oyo State Government, aimed at advancing sustainable transport solutions across the state.

Under the agreement with Oyo State Pacesetter Transport Service (PTS), Atlas Core will deliver and operate a world-class CNG refuelling facility within the Pacesetter premises in Ibadan, support the rollout of CNG-powered buses, and enable large-scale fleet conversion across Oyo State. PTS currently operates about 50 CNG buses, with plans to expand the fleet further.

The partnership, formalized through a 20-year Memorandum of Understanding (MoU), positions Atlas Core as a strategic private-sector partner supporting the Federal Government’s Presidential Initiative on CNG (Pi-CNG) and Nigeria’s long-term net-zero greenhouse gas emissions target for 2060.

Speaking on the partnership, CEO of Atlas Core Energy & Logistics, Dr. Owoade Emmanuel, said:
“The Ibadan CNG facility, our partnership with Pacesetter Transport Service, and this MoU with the Oyo State Government are practical steps towards reducing commuter costs, lowering carbon emissions, and demonstrating that public-private collaboration can successfully scale the Pi-CNG initiative across Nigeria.”

He added, “Our purpose is simple: to build infrastructure that enables cleaner, more affordable transport, reduces reliance on combustion-based fuels, and lowers per-kilometre operating costs for buses and logistics operators. These outcomes directly align with Nigeria’s energy transition objectives and local priorities for accessible mobility.”

The statement highlighted that the inauguration of modern CNG infrastructure in the state underscores strong local support for sustainable and cost-efficient public transportation systems.

Representing Governor Seyi Makinde at the MoU signing, Chairman and Sole Administrator of Pacesetter Transport Service, Dikko Salami, emphasised that the expansion of CNG-powered transport reflects the administration’s commitment to sustainability and operational efficiency.
“These 50 new buses and the CNG station represent more than assets; they symbolise a cleaner, smarter, and more dependable future for Oyo State,” he said.

Atlas Core Energy & Logistics reaffirmed its commitment to ensuring the partnership delivers measurable economic, environmental, and operational benefits to commuters, businesses, and the broader transport ecosystem.