Femadec Group

What Femadec Group does

Femadec Group is a Nigerian private conglomerate founded in 2009 and headquartered in Lagos, with additional offices in Abuja and Abijo and 101-250 employees. It operates five subsidiaries — Energy, Express & Logistics, Manufacturing, Trading, and Engineering & Construction — focused on compressed natural gas (CNG) infrastructure, bus transit, smart metering, engineering and construction, and commodity export trading. The company is the first LAMATA-licensed CNG bus operator in Lagos and holds DPR, CAC, MAN, STSA, and DLMS certifications across its operating lines.

The company earns revenue through a mix of fuel sales (CNG dispensing), conversion services (CNG vehicle conversion kits), bus charter and fleet management under government contracts, smart meter sales to distribution companies (DisCos) such as AEDC and Eko, engineering and construction services, and commodity export trading. Its go-to-market is anchored on government and quasi-government off-takers — LAMATA, Enugu State Government, federal ministries, CBN, PCNGi, MDGIF, and TCN — supplemented by recent expansion into university campuses (CNG-SPROUT at OAU and others) and financial institutions (GreenVault Power Program). Underlying technology includes proprietary CNG conversion systems, STS/DLMS-compliant smart metering products, and an in-house assembly line for CNG buses and tricycles.

Femadec's operating model is partnership-heavy: it has formal tie-ups with PCNGi under the Presidential CNG Initiative, MDGIF for infrastructure deployment, Infrastructure Bank for a 500-bus fleet program over five years, and various state governments for transit projects. The conglomerate structure allows it to bundle hardware (buses, tricycles, meters), energy supply (CNG fuel), and services (operations, conversion, engineering) into multi-year government contracts, with capital cost supported by concessional public funding rather than purely commercial debt.

Name

Femadec Group

Legal name

Femadec Group Ltd.

Website

https://femadecgroup.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Femadec Group is a Nigerian private conglomerate operating across CNG energy, bus transit, smart metering, engineering and construction, and commodity trading. It serves federal and state governments, electricity distribution companies, and universities, with its first-mover LAMATA-licensed CNG bus operations anchored in Lagos.

Ownership category

akta.pro rank

Product category

Clean Energy & Infrastructure Services

NAICS

Electrical Equipment Manufacturing (33531), Electrical Equipment Manufacturing (3353)

SIC

Electric, Gas & Sanitary Services (4900), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)

Keywords

• Clean energy infrastructure
• Compressed natural gas
• Smart metering solutions
• Engineering construction services
• Agricultural commodity export

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Others

Revenue model

1. CNG Fuel and Conversion Services: Revenue from CNG refueling stations, vehicle conversions (petrol-to-CNG and diesel-to-CNG), and CNG skid truck delivery services. Daily CNG supply of over 20,000 scm across fleet network.
2. Bus Charter and Fleet Management: Bus charter services for corporate events, inter-state travel, tourism, and corporate staff rentals. Operates 40-seater and 14-seater executive buses, BRT buses, and mini buses.
3. Smart Meter Sales: Sale of smart prepaid meters, post-paid meters, meter enclosures, and Micro Distribution Centers to electricity Distribution Companies (DisCos) across Nigeria.
4. Engineering and Construction: Infrastructure projects including road construction, bridge building, residential/commercial development, public sector projects, rural electrification, and power transformer deployment.
5. Commodity Export Trading: Export of agricultural commodities including hibiscus flowers, shea butter, charcoal, and sesame seeds with comprehensive export services, supply chain management, and private label packaging.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Femadec Group is a diversified Nigerian conglomerate that delivers clean energy and infrastructure solutions across five subsidiaries: Femadec Energy (CNG/LNG/Hydrogen fuel infrastructure, vehicle conversion centers, mobile refueling units), Femadec Express & Logistics (CNG-powered bus mass transit, fleet leasing, haulage, bus charter), Femadec Manufacturing (STS/DLMS-certified smart electricity meters, Micro Distribution Centers, 60/66 MVA power transformers), Femadec Trading (export of hibiscus, shea butter, charcoal, sesame seeds), and Femadec Engineering & Construction (roads, bridges, residential, commercial, and public sector projects). The portfolio is unified by Nigeria's energy transition and infrastructure development focus.

Product overview

Femadec Group is a diversified Nigerian conglomerate operating through five specialized subsidiaries: Femadec Energy (CNG/LNG/Hydrogen fuel infrastructure, vehicle conversions, nationwide conversion hubs), Femadec Express & Logistics (CNG bus operations, fleet management, heavy-duty haulage, bus charter services), Femadec Manufacturing (STS-compliant smart prepaid and post-paid meters, meter enclosures, Micro Distribution Centers, power transformers), Femadec Trading (agricultural commodity exports including hibiscus, shea butter, charcoal, sesame seeds with full supply chain and consultancy services), and Femadec Engineering & Construction (road/bridge construction, residential/commercial development, public sector infrastructure projects). The group also offers the GreenVault Power Program for banks and operates CNG daughter stations at 20 federal universities. The portfolio ranges from clean energy infrastructure and mass transit to smart metering solutions and global trade, unified by the group's focus on Nigeria's energy transition and infrastructure development.

Differentiator

Problem solved

Functional benefit

Brands

• GreenVault Power Program: A clean energy program delivering reliable, affordable CNG power solutions for Nigerian banks with flexible 20% down payment and tailored repayment plans.

Products and services

• CNG/LNG/Hydrogen Fuel Infrastructure (Femadec Energy)
• CNG Vehicle Conversion Services (Femadec Energy)
• Gas-Powered Transportation Fleet (Femadec Energy)
• CNG Bus Operations (Femadec Express)
• Fleet Management & Leasing (Femadec Express)
• Heavy-Duty Haulage (Femadec Express)
• Femadec Bus Charter Services
• Smart Prepaid Meters (Femadec Manufacturing)
• Post-Paid Meters (Femadec Manufacturing)
• Micro Distribution Centers (MDCs) — Femadec Manufacturing
• 60/66 MVA Power Transformers (Femadec Manufacturing)
• GreenVault Power Program
• Road & Bridge Construction (Femadec Engineering)
• Residential & Commercial Development (Femadec Engineering)
• Public Sector Infrastructure Projects (Femadec Engineering)
• Agricultural Commodities Export (Femadec Trading)
• CNG Daughter Stations (Project CNG SPROUT)
• Solar Power Solutions & Mini Off-Grid Installations
• CNG-SPROUT Ecosystem at Obafemi Awolowo University

Quantifiable outcome

• Up to 40% fuel cost savings with CNG vs diesel
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Presidential CNG Initiative (PCNGi)coreStrategic or Co-development Partner · 19 May 2025Collaboration under President Bola Ahmed Tinubu's commitment to affordable, sustainable clean energy. PCNGi leads national CNG program while Femadec Energy implements conversion centres and refueling stations across 20 federal tertiary institutions.
• Midstream and Downstream Gas Infrastructure Fund (MDGIF)coreStrategic or Co-development Partner · 26 February 2025Strategic collaboration for CNG infrastructure deployment at universities and nationwide. MDGIF provides funding and regulatory support while Femadec Energy delivers CNG ecosystems including buses, tricycles, and refueling stations. Jointly commissioning CNG stations at multiple universities including Obafemi Awolowo University.
• Lagos State Metropolitan Area Transport Authority (LAMATA)coreChannel Partner/ Reseller/ DistributorFemadec Express is the first CNG high-capacity bus operator licensed by LAMATA for BRT operations in Lagos. Provides exclusive access to BRT infrastructure and terminals for CNG bus fleet deployment.
• Enugu State GovernmentcoreChannel Partner/ Reseller/ DistributorPartnership for Transport Infrastructure Project (TIP) and CNG Transport Scheme. Over 100 CNG-powered buses deployed for intra-state commuting with Femadec Express managing operations and e-ticketing systems across Enugu metropolis.
• Transmission Company of Nigeria (TCN)coreStrategic or Co-development PartnerFemadec Energy partnered with TCN to design, manufacture, and supply 1×60/66 MVA, 132/33kV power transformer for Akangba Transmission Station. Includes factory acceptance testing and quality control.
• Nigerian Content Development and Monitoring Board (NCDMB)minorImplementation/ SI/ Consulting PartnerSkills development partnership training 100 technical students in smart meter assembly and installation. Femadec-NCDMB CNG Conversion Training Programme for capacity building.
• Transitions and Renewable Energy Company Limited (TREC)minorStrategic or Co-development PartnerCollaboration for Rural Electrification Programme providing Mini Solar Grids to power shea butter processing facilities in remote communities. Femadec Trading uses clean energy for agricultural commodity processing.
• Obafemi Awolowo UniversitycoreStrategic or Co-development PartnerCommissioning of CNG-SPROUT ecosystem with 50 CNG-powered buses and 10 specialized tricycles. First university deployment demonstrating viability of sustainable fuel solutions in large-scale academic environments.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• ABB: Global electrical equipment manufacturer producing transformers, switchgear, and grid components for utilities. Comparable to Femadec Manufacturing on the 60/66 MVA, 132/33kV power transformer line and broader electrical equipment portfolio.
• Itron: Global smart metering, AMI, and energy management solutions provider. Comparable to Femadec Manufacturing as a much larger incumbent serving utility customers with STS/DLMS-compliant metering and meter data management.
• Siemens Energy: Global energy technology and electrical equipment manufacturer with utility-scale transformers and grid solutions. Comparable to Femadec Manufacturing on high-voltage power transformer manufacturing and TCN-style grid deployment.
• Landis+Gyr: Global smart metering and grid management provider with utility-grade AMI products. Comparable to Femadec Manufacturing as a much larger incumbent in the same STS/DLMS-compliant smart meter category.

Direct peers

• NIPCO Gas Limited: Nigerian natural gas distribution company operating CNG/LNG refueling infrastructure and daughter stations across the country. Directly comparable to Femadec Energy's mother/daughter station and MRU deployment strategy and to its participation in Nigeria's gas expansion program.
• PowerGas Nigeria: Industrial and commercial gas supplier in Nigeria active in CNG/LNG distribution and pipeline gas. Comparable to Femadec Energy on the gas-to-transportation value chain and on serving industrial/embedded gas customers.
• Julius Berger Nigeria: Leading Nigerian EPC contractor for roads, bridges, and public infrastructure, including rural electrification. Directly comparable to Femadec Engineering & Construction on civil works, public-sector infrastructure delivery, and federal/state contracting model.
• Mojec International Limited: Nigerian manufacturer of prepaid electricity meters and metering solutions serving Distribution Companies (DisCos). Directly comparable to Femadec Manufacturing's smart prepaid/postpaid meter line and DisCo customer base.
• Lagos Bus Services Limited (LBSL): Lagos State-owned bus operator providing mass transit services across the metropolis under LAMATA oversight. Comparable to Femadec Express on urban/intra-state bus operations and LAMATA-relationship driven contract wins.
• Primero Transport Services Limited: Lagos-based bus mass-transit operator on the BRT corridor under LAMATA concession. Comparable to Femadec Express on CNG-powered high-capacity bus operations, BRT terminals, and LAMATA-licensed transit delivery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FemadecGroup
• Facebookfacebook.com/femadecgroup
• LinkedInlinkedin.com/company/femadec

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Femadec Group