The Federal Government has directed intensified efforts to promote Compressed Natural Gas (CNG) as a less expensive transport gas and speed up the rollout of 1 million CNG-powered vehicles nationwide.
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, gave the directive in Abuja whereas receiving progress reviews from the Presidential Initiative on CNG and Electric Vehicles (Pi-CNG & EV) and the Decade of Gas Secretariat.
Ekpo, in an announcement on Sunday, tasked the 2 our bodies with prioritising interventions, growing investments, increasing CNG infrastructure and strengthening nationwide adoption programmes.
He stated the Federal Government’s Auto CNG coverage should ship tangible advantages to Nigerians, significantly by way of decreased transport fares.
The minister stated the initiative had develop into crucial following petrol subsidy removing and the necessity for extra inexpensive, environmentally pleasant transport alternate options.
He added that Nigeria’s ample pure gasoline assets provided alternatives to cut back transport prices, deepen home gasoline utilisation and stimulate financial development.
Ekpo harassed the necessity for sustained investments in refuelling infrastructure, automobile conversions and different crucial elements to speed up CNG adoption.
He recommended Pi-CNG & EV’s management for its progress and guaranteed the initiative of continued Federal Government assist.
The minister additionally highlighted development in home gasoline consumption, noting that provide had exceeded two billion cubic toes each day for the primary time in Nigeria’s historical past.
“Nigeria is a gas nation with a gas reserves index of over 80 years, and that is why we are talking about the Decade of Gas,” he stated.
Ekpo stated the initiative aligned with President Bola Tinubu’s directive to make transportation cheaper by way of CNG.
“It is necessary that we hear to the directive of Mr President to make transportation cheaper through CNG.
“We will continue to give you all the backing, to provide the necessary assistance to make sure we drive this project to a logical conclusion,” he stated.
Pi-CNG & EV Chairman, Ismaeel Ahmed, stated the initiative would enhance investments and broaden CNG infrastructure and automobile conversions nationwide.
He stated the efforts would assist wider CNG adoption and assist cut back transport fares for thousands and thousands of Nigerians.
Ahmed stated a joint trade market research by the Decade of Gas Secretariat supplied a framework for accelerating implementation, monitoring progress and figuring out gaps.
The Coordinator of the Decade of Gas Secretariat, Ed Ubong, described CNG as a key element of Nigeria’s vitality transition.
Ubong assured the initiative of continued assist for growing home gasoline utilisation and exports to profit Nigerians and traders. (NAN)
UPDATE NEWS:
Nigerians can now make investments ₦2.5 million on premium domains and revenue about ₦17-₦25 million. All earnings paid in US Dollars. Rather than surprise,
click here to find out how it works.
