IBILE Oil and Gas Corporation (IOGC) is Lagos State's commercial oil and gas entity established in 2013 to invest and engage in oil and gas activities with a focus on ensuring energy sustainability and security along the energy value chain. and to deepen the use of cleaner fuels in the state.

It’s vision is to become a commercially viable entity, contributing to Lagos State economic development and GDP growth.

IOGC is committed to a high level of corporate governance and promoting a culture that values ethical behaviour, integrity and respect. We believe that adopting and operating in accordance with high standards of corporate governance is essential for sustainable long­ term performance and value creation

Nigeria currently consumes about 4000 MW in electrical power daily, largely generated by turbines (gas and hydro powered) and thermal stations. About 30% of this is consumed by residences , industries and other places of commerce in Lagos. This remains inadequate for the power needs of the state and is typically augmented for household, commercial and transportation use by burning of dirty fuel (charcoal and other petroleum derived fuel).

Nigeria has ratified the Paris Climate Change Agreement with plans to reduce emissions by 45% in 2022. With over 22 million Nigerians still dependent on solid fuel which causes the nation to lose between 350,000 and 400,000 hectares of land to deforestation every year and approximately 80,000 deaths.

At a period when there is a growing global consciousness around the negative socio-economic impact of the long-term use of dirty fuel on the environment and human lives; with discussions centred around switching to more environment friendly alternatives, IOG C not only seeks to create a profitable gas (LPG, LNG, CNG) venture to meet the needs of the state, but also to foster development targeted at reducing the carbon foot print of Lagos which is imperative to creating a healt hy environment for its continuously increasing populace and building a sustainable Lagos. Nigeria also has the opportunity to showcase Lagos as its flagship gas economy in addition to the other selected pilot states as gas will accelerate the transition of Nigeria to a post-oil era.

Gas is the catalyst for economic growth and environmental sustainability for Lagos State. Our objectives are to:

Promote gas as a clean burning fuel that provides smoke free indoor cooking and can also help reduce outdoor and urban air pollution

Increase LPG household usage from 35% to 80% by 2023

Promote gas as a fuel for transportation

Use gas will be a driver for economic growth andjob creation opportunities

Contribute significant reduction of carbon (CO₂) emission / footprint (LPG is 50% lower than coal and 20% lower than heating oil)

Enhance quality of life for Lagos residents

These objectives would be met through creating a sustainable and efficient gas value chain, promoting development of gas infrastructurefor transportation, expansion of the utilization of gas for industries in multiple sectors and implementation of policies to regulate and curb dirty fuel usage.

The goal is to operate a chain of LPG Retail Plants spread within neighb ourhoods across the 5 divisions of Lagos to ensure the availability, accessibility, affordability and acceptability of gas to the end user. These facilities would then give supply to neighbourhood gas skids through our bobtail trucks.