On Thursday, July 11, 2024, the Nigerian government declared that converting petrol and diesel-powered commercial vehicles to run on Compressed Natural Gas (CNG) will be free.
It disclosed this in Abuja after signing agreements with companies converting petrol and diesel vehicles to CNG. The government also said transport unions would benefit from the initiative, asking them to submit their cars at the various centres.
According to reports, the programme director/chief executive of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, stated this after the agency signed agreements with the firms.
He said:
He revealed that the agency has a robust monitoring mechanism around conversion and enforcing price reduction for Nigerians.
Meanwhile, the Nigerian government also unveiled a list of centres that will convert petrol—and diesel-powered vehicles to CNG at no cost to vehicle owners under the Presidential Compressed Natural Gas Initiative, Punch reports
The Federal Government has released a list of locations across the country where motorists can convert their petrol and diesel-powered vehicles to run on Compressed Natural Gas (CNG).
This move aims to provide an affordable alternative, thereby reducing the cost of transportation, Legit. ng reported
Michael Oluwagbemi, the Programme Director and Chief Executive of the Presidential Compressed Natural Gas Initiative (P-CNGi), speaking to journalists on Thursday, July 11, said the conversion would be at no cost for commercial transporters across different unions.
TimesNow.com.ng earlier reported that the federal government had said that every one million cars converted to run on compressed natural gas would save almost $2.5 billion annually.
At the South-South/South-East Stakeholders Engagement Meeting on the Presidential Initiative on CNG, which took place in Port Harcourt, Rivers State, on Friday, Michael Oluwagbemi, the initiative’s programme director, shared more insights about it.
According to Oluwagbemi, the project had the potential to lessen the inflation plaguing the country’s economy.
Proofread by Kola Muhammed, journalist and copyeditor at TimesNow.com.ng
Source: TimesNow.com.ng
