Over $450m Invested In CNG Conversion Centres, Says Presidential Committee
2 years ago 3 min read
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…Targets One Million Vehicle Conversion By 2027
The Presidential Compressed Natural Gas Initiative (PCNGi) has said more than $450m in the compressed natural gas value chain.
The amount is an increase of about $250m when compared to the $200m investment figure which was released in November this year.
The PCNGi Project Director and Chief Executive Officer, Michael Oluwagbemi, spoke during the 9th edition of the Nigeria Energy Forum.
According to the PCNGi CEO, the amount was invested in mother stations, daughter stations, refuelling stations, and conversion centres.
Oluwagbemi, who was represented by Tosin Coker, PCNGi head of commercial, said the initiative had effectively
“By 2027, the initiative will have converted more than one million vehicles using petrol to CNG,” he said.
On incidents of explosion of vehicles using CNG, Oluwagbemi assured Nigerians that it had taken precautionary measures with various agencies of government to ensure safety.
The National Coordinator of the global environment facility (GEF) small grants programme (SGP), managed by UNDP, Ibironke Olubamise, said the programme was investing in youth energy innovation for economic growth and environmental sustainability.
On his part, the Director-General, National Automotive Design and Development Council (NADDC), Joseph Osanipin said that the council had trained over 4,000 auto technicians regarding the conversion of petrol vehicles to CNG.
Osanipin said the council had started campaigns to sensitise Nigerians on the benefits of using CNG to power their vehicles.
“CNG can guarantee cleaner environment, it is cheaper and affordable,” he said.
THE WHISTLER had reported that the Independent Petroleum Marketers Association of Nigeria had called on its members to invest massively in the Compressed Natural Gas project being championed by the federal government.
The National President of IPMAN, Abubakar Shettima, made the call during a media briefing on Monday in Abuja.
He called on oil marketers under the association to begin to put all machineries in place for a successful transition of the federal government’s plans to initiate CNG refill stations in all their outlets.
Shettima acknowledged that CNG has the potential to rejuvenate the nation’s economy for a better life for Nigerians, adding that IPMAN is ready to give its all to support the CNG initiative.
He also called for partnership with the federal government to hasten the quick success of the CNG initiative for Nigeria. He said, “I would also like to call on all our members at IPMAN to begin to put all machineries in place for a successful transition of the federal government’s plans to initiate CNG refill stations in all our outlets.
“Truly, there is no doubt that CNG has the potential to rejuvenate our economy for a better life for Nigerians, and IPMAN is ready to give her all to support the CNG initiative.
“IPMAN is also calling for a partnership with the Federal Government of Nigeria to hasten the quick success of the CNG initiative for Nigeria.
” We believe that for the CNG initiative to success, there must be a credible partnership between IPMAN and the PCNGI, without which Nigerians would not have ready and near access to CNG outlets.”
