The Nigerian government through the Presidential Compressed Natural Gas Initiative (Pi-CNG) is partnering private sector to subsidize the conversion of vehicles from Premium Motor Spirit (petrol) to CNG.
The Chief Executive Officer of Portland Gas Limited, Mr. Folajimi Mohammed disclosed in a statement after the inauguration of the All-One CNG Reverse-Engineering, Training, Filling and Conversation Centre established by the National Agency for Science and Engineering Infrastructure (NASENI) in conjunction with Portland Gas Limited in Abuja.
According to him, the initiative will bring reprieve to Nigerians amid rising energy costs.
“One of the President’s first initiatives was the Initiative (Pi-CNG), which was the initiative to introduce the Compressed Natural Gas. So Portland Gas-NASENI has been working in partnership with the Pi-CNG. They will be tasked with introducing and supplying the conversion kits and we are hopeful that the conversion kits will be supplied to us using a subsidized price while we make sure that it’s available and cheap for every average Nigerian.
“The immediate intervention we need right now is for us the private sector to partner with the government in terms of subsidized kits that will be given to us,” he said.
“This initiative will ensure that Nigerians have access to affordable, efficient, and environmentally friendly transportation options making it easier for Nigerians to transition to this cleaner energy alternative.”
The development comes as President Bola Tinubu on Friday urged ministries, departments and agencies of the Federal Government to procure NASENI’s technologies.
CNG: Nigerian Govt partners private sector to subsidize conversion of vehicles