FG Fixes Date to Roll Out Vehicles Running on Cheaper Fuel, Gives Orders to Filling Stations

FG Fixes Date to Roll Out Vehicles Running on Cheaper Fuel, Gives Orders to Filling Stations

  • The Nigerian government has fixed May 29, 2024, for the national deployment of CNG-powered vehicles
  • The Presidential Compressed Natural Gas Initiative (PCNGI) set the date to pivot fully to CNG as an alternative to petrol
  • The scheme is part of the federal government's plan to boost sustainable energy solutions across the country

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Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.

The Presidential Compressed Natural Gas Initiative (PCNGI) is set to roll out its national deployment plan on May 29, 2024.

The PCNGI scheme’s director and chief executive, Michael Oluwagbemi, disclosed this in a statement on Wednesday, May 15, 2024, saying that the initiative is part of President Bola Tinubu’s government commitment to boosting sustainable energy solutions and reducing carbon emissions.

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FG to rollout CNG-powered buses, FG
FG concludes plans to rollout CNG-powered vehicles nationwide Credit: NurPhoto
Source: Getty Images

FG to deploy CNG buses soon

He disclosed that there would be a series of activities leading up to the highly expected nationwide deployment plan to be launched on May 29, 2024, reports say.

He said:

“These activities mark significant milestones in our journey towards achieving energy efficiency, environmental sustainability, and economic prosperity for Nigeria. PCNGI is committed to fostering collaboration with all stakeholders as we pave the way for a cleaner, greener future.”
“These programmes are a fulfillment of President Bola Ahmed Tinubu’s promise to drive Nigeria’s energy transition in the transportation sector leveraging CNG and enabling economic growth.
“PCNGI is embarking on an extensive pre-launch itinerary aimed at engaging stakeholders, showcasing critical gas supply projects, and facilitating the conversion and refueling infrastructure across the nation.”

FG gives orders to petrol stations on CNG

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The development comes amid plans by the Nigerian government to enforce the installation of CNG pumps in all petrol stations nationwide.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) ordered all filling stations across the country to commence the sale of Compressed Natural Gas (CNG). 

Engr Farouk Ahmed, the chief executive of NMDPRA, disclosed this during a meeting in Abuja. He said it is now mandatory for filling stations to increase CNG accessibility for consumers.

CNG is a fuel gas under pressure that remains clear, odorless, and non-corrosive, an alternative to petrol. 

According to Nagendra Verma, the managing director of NIPCO Gas, AutoGas for cars, taxis, and tricycles is being sold at about N200 per standard cubic foot, while for heavy commercial vehicles, CNG is sold at N260 per standard cubic meter (SCM). 

Legit.ng reported that NIPCO Gas has completed and opened four new CNG stations in Lagos to promote an alternative to petrol.

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The four facilities would be opened for commercial operations by the end of April to become the first in Lagos.

According to Nagendra Verma, the managing director of NIPCO Gas, the firm has been involved in AutoGas's development and growth since 2009.

Firm finalises plans on construction of 35 CNG stations across Nigeria

Legit.ng reported that NIPCO Gas Limited has concluded plans to construct 35 CNG stations nationwide.

Nagendra Verma, the managing director of NIPCO Gas Ltd., said that the company had been developing and expanding CNG since 2009 because of the nation's ambition to construct more auto-gas stations.

According to him, it began in Benin city and eventually spread to Ibafo in Ogun state, Ajaokuta, and Okene in Kogi state to serve the northern states.

Proofread by Kola Muhammed, a journalist and copyeditor at Legit.ng

Source: Legit.ng

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