The federal government anticipates that the country’s yearly fuel import expenditures will be reduced by at least $4.4 billion if its compressed natural gas (CNG) plan is implemented successfully.
This is in response to the Tinubu-led administration’s efforts to promote sustainable energy alternatives, lower carbon emissions, and mitigate the effects of the elimination of fuel subsidies, which has resulted in a sharp rise in PMS prices.
The coordinator of PCNGI’s regulation, compliance, and facilitation, Zayyanu Tambari, stated during the stakeholders’ meeting in Abuja on Tuesday that continuing efforts were being made to guarantee that the vehicle conversion procedures conform to international standards.
Tambari states that the government anticipates that 20 percent of the 50 million liters of gasoline that are currently consumed in the nation each day will be replaced by CNG. He also notes that the development of the CNG infrastructure in the nation will cost around $890 million.
Additionally, he clarified that continuing efforts were being made to guarantee that the conversion procedures adhere to international standards.
He claims that the effort will guarantee that conversion centers have standard conversion kits, qualified technicians, and the appropriate accreditation and license to operate.
“We do have plans to put in place a system that will guarantee that the only vendors who may obtain gas at retail outlets are those who have been converted using authorized and licensed accreditation centers and approved conversion kits. in order to prevent you from using inferior conversion kits or visiting a phony conversion center. You will not be able to purchase petrol anyplace, even if you manage to do so.”
“With this system in place, you will receive some sort of identity after converting your car at a conversion center that has received the necessary accreditation. We will practice with the technologies. It is possible to identify the car using a variety of technology.”
“Now, we have some facts here, but I believe the most noteworthy is that we intend to convert 1 million vehicles over the next 4 to 5 years. However, given the speed at which we are working, I think we will meet that deadline ahead of schedule.”
“And that will open up a ton of economic prospects and lead to the creation of jobs in this nation. There are between 12 and 15 million gas-or diesel-powered cars on Nigerian roads at the moment. You can already see the notable impact on the gas supply, gas infrastructure, service providers, technicians, conversion centers, and the entire value chain. If we are able to convert one million of those vehicles to run solely on gas, then tremendous economic activity and potential will be unlocked.”
“And that is the President’s vision, to create jobs and also to intervene in the transportation sector in a way that will lower the cost of transportation,” he continued, utilizing CNG and gas, both of which are abundant in Nigeria.
