See more as Nigerians rush to buy CNG fuel priced at N200, long queues emerge

5 hours ago 3
  • More Nigerians are turning to Compressed Natural Gas (CNG) to trim their substance expenses, arsenic petrol prices stay precise high
  • A caller study has emerged that the CNG filling stations disposable are not capable to conscionable the request
  • There are present agelong queues, and this has go a root of interest for the Independent Petroleum Marketers Association of Nigeria

Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

Nigerians seeking alleviation from precocious petrol prices are progressively turning to compressed earthy state (CNG).

This has created agelong queues astatine filling stations offering CNG, which is priced astatine N200 per modular cubic metre for vehicles.

Number of Nigerians utilizing CNG increasesMore Nigerians are switching to CNG priced astatine N200 to debar precocious petrol prices Photo credit: Nurphoto
Source: UGC

The queues person exposed terrible infrastructure gaps, with motortruck and conveyance owners spending hours and successful immoderate cases, days, waiting successful enactment to refill their cylinders.

Punch reports that motortruck drivers person begun keeping vigil astatine the NIPCO CNG presumption successful Ibafo, Ogun State, arsenic they conflict with agelong delays to refuel.

The concern is accelerated becoming reminiscent of Nigeria’s recurring petrol scarcity episodes.

Commenting connected the development, Mike Osatuyi, erstwhile National Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), expressed interest implicit the mediocre implementation of the Presidential Compressed Natural Gas Initiative (PCNGi), astir 2 years aft its launch.

He said:

“Vehicles often walk hours and trucks, days astatine CNG filling stations owed to inadequate work capacity."

He cited areas specified arsenic Zuba-Kubwa Road and Abuja Airport Road successful the FCT, arsenic good arsenic the Ibadan Expressway corridor and Ibadan Tollgate, arsenic flashpoints for agelong queues.

Osatuyi described the concern arsenic a “national embarrassment,” blaming the national government’s nonaccomplishment to grow CNG infrastructure contempt rising involvement among Nigerians successful converting to the cheaper, cleaner fuel.

While commending President Bola Tinubu for his archetypal committedness to the initiative, Osatuyi lamented the deficiency of follow-through.

He added;

“If this effort had begun 20 years ago, we could person chopped petrol depletion successful Nigeria by 50%"

Osatuyi listed benefits of CNG to see affordability, biology friendliness, and little proscription costs.

He besides warned that the gait of infrastructure rollout lags importantly down nationalist adoption, with the existent nationalist fund falling abbreviated of what is required to conscionable demand.

High conveyance conversion costs are different hurdle for galore Nigerians.

More Nigerians queue for CNG filling stationsQueues look astatine CNG filling stations Photo credit: Nurphoto
Source: Getty Images

From 11 to 65 CNG stations

In the past year, Nigeria moved from having only 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 develop 35 stations and with NNPC Limited, which is gathering 120 stations, 12 of which are already open.

NNPC releases locations of filling stations

Earlier, Legit.ng reported that the Nigerian National Petroleum Company Limited has released a database of locations for its filling stations selling CNG.

The nationalist lipid institution is encouraging much Nigerians to person their vehicles from utilizing petrol to CNG, believing it to beryllium the future.

This power helps conveyance owners prevention money portion reducing emissions for the bully of the environment.

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Source: Legit.ng

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