- The Federal Government said it is planning to set up about 10,000 CNG conversion centres in Lagos
- The move will attract over $2 billion in investment and create over 250,000 jobs
- The Presidential Compressed Natural Gas Initiative (P-CNGi) Steering Committee said the workshops will open soon
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The Nigerian government, via the Presidential Compressed Natural Gas Initiative (P-CNGi) Steering Committee, plans to open about 10,000 CNG vehicle conversion workshops in Lagos soon.
Tribune reports that the announcement came at the official commissioning of CNG conversion centres and a demonstration of converted CNG vehicles in collaboration with the private sector at the head office of Femadec Group, a partner in the initiative.
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The initiative will attract $2 billion in investment
The committee revealed that the move is set to attract over $2 billion in investment into the Nigerian economy and create over 250,000 employment opportunities.
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Michael Oluwagbemi, the Chief Executive Officer of P-CNGi, stated that CNG could boost Nigeria’s economy and help stabilize the inflation rate.
He stated that Nigeria is rich in abundant natural gas for industrial and domestic use, reducing transportation costs.
Over 250,000 jobs to be created
According to him, Nigeria anticipates that the CNG conversion initiative, in partnership with the private sector, will attract over $2 billion in investment and create over N250,000 jobs.
The initiative will need an additional workforce to foster opportunities in the auto industry, extending to technicians and workers at conversion refueling stations.
Oluwagbemi stated that conversion costs could range between N300,000 to N600,000, depending on the prevailing exchange rate.
He said Nigeria wants to begin assembling and manufacturing CNG conversion kits and create more employment.
FG launches seven conversion centres in Abuja
The move aligns with the recent launch of seven conversion centres in Abuja.
The Nigerian government, via the Presidential Compressed Natural Gas Initiative (PCNGI) Steering Committee, said on Friday, October 27, 2023, that seven conversion centres had been installed across Nigeria.
Chairman of the Committee, Zacch Adedeji, revealed this during the initiative’s launch by handing over two CNG buses to Olusesan Adebiyi, the State House Permanent Secretary at the Presidential Villa in Abuja.
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) represented Adedeji at the occasion.
Adedeji said that establishing the CNG conversion centres shows President Bola Tinubu’s administration’s determination to lead Nigeria’s energy revolution.
He stated that more CNG conversion centres would be built across Nigeria, calling the action a key milestone in the country’s march to a cleaner and more prosperous future.
“Fuel Expensive”: Tinubu’s government moves to convert 10 million petrol Vehicles to Run on Gas
Legit.ng reported that the Nigerian government plans to convert 10 million petrol vehicles to Compressed Natural Gas (CNG) in the next 36 months.
According to a statement on Wednesday, October 4, 2023, the spokesman for the Minister of State for Petroleum Resources (Gas), Louis Ibah, unveiled the plan during a panel on energy at the ongoing ADIPEC 2023 conference and exhibition in Abu Dhabi, UAE.
The Minister said that the plan was in collaboration with the private sector.
Source: Legit.ng
