Nigerians to enjoy cheaper fuel as FG plans 175 new CNG filling stations

1 month ago 15

The FG plans to physique 175 caller CNG refilling stations wrong the adjacent 12 to 18 months to marque affordable substance much accessible crossed Nigeria
The inaugural involves partnerships with the backstage assemblage and aims to amended state delivery, particularly to bluish regions
The authorities is besides moving to pull much investments, make jobs, and beforehand cleaner, cheaper vigor solutions nationwide

Legit.ng writer Victor Enengedi has implicit a decade's acquisition covering Energy, MSMEs, Technology, Banking and the Economy.

The Federal Government, done the Presidential Compressed Natural Gas Initiative (PCNGI), has announced plans to implicit astir 175 caller Compressed Natural Gas (CNG) stations wrong the adjacent 12 to 18 months.

Michael Oluwagbemi, the PCNGI Programme Coordinator, made this known successful a video shared connected the PCNGI’s X relationship connected Sunday.

Oluwagbemi explained that the extremity is to marque CNG much disposable and trim the trouble Nigerians look erstwhile trying to refuel.

FG to motorboat 175 caller CNG stations by 2026

From 11 to 65 CNG stations

In the past year, Nigeria moved from having lone 11 CNG stations to 65 stations by 2025.

This maturation followed monolithic consciousness campaigns and partnerships with important groups similar transport unions, the military, and ample companies similar BUA and Dangote.

He highlighted the caller challenge: ensuring capable state proviso for the increasing fig of CNG vehicles.

To code this, PCNGI is moving with the Midstream and Downstream Gas Infrastructure Fund to make 35 stations and with the NNPC Limited, which is gathering 120 stations, 12 of which are already open.

He said:

“So, there’s an ongoing collaboration crossed the abstraction that volition spot america person an further 175 caller stations successful the adjacent 12 to 18 months. And that is good.”

There are besides plans to amended state transportation to the northbound of Nigeria. Currently, Ajaokuta successful Kogi State is the furthest state transportation point.

To scope cities similar Kaduna, Kano, and Maiduguri faster, the authorities precocious approved a task to acceptable up a mini LNG (Liquefied Natural Gas) works astatine Ajaokuta.

This volition let state to beryllium transported implicit longer distances, speeding up proviso to bluish states without waiting for the AKK pipeline, which is inactive nether construction.

Thousands of vehicles converted to usage CNG

Oluwagbemi besides shared advancement connected conveyance conversions from petrol to CNG.

Since January past year, implicit 12,000 vehicles person been converted nether the government’s Commercial Incentive Programme, with 1,500 to 2,000 conversions happening weekly.

Private companies and individuals person besides been converting vehicles connected their own, meaning the existent fig of conversions is adjacent higher.

The government, alongside transport unions and commercialized operators, aims to person astatine slightest 100,000 vehicles this year. Private assemblage efforts could spot treble oregon triple that fig converted, boosting the determination towards cheaper and cleaner transportation.

In addition, 7 caller CNG parent stations were opened betwixt 2024 and 2025.

One much successful Ikorodu is astir finished and acceptable to motorboat soon. Each parent presumption costs astir $5 cardinal to $10 million, with a full concern of astir $70 million.

Oluwagbemi stressed that the authorities is moving intimately with backstage companies to region reddish portion and regulatory hurdles to pull adjacent much investments.

He said the inaugural would assistance make jobs, boost the economy, and supply cleaner vigor options for Nigerians.

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Source: Legit.ng

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