“,”elements”:[]}],”thumb_big”:”https://etimg.etb2bimg.com/thumb/msid-116163075,imgsize-85442,width-1200,height=765,overlay-etauto/industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative.jpg”,”thumb_small”:”https://etimg.etb2bimg.com/thumb/img-size-85442/116163075.cms?width=150&height=112″,”time”:”2024-12-10 12:37:44″,”is_live”:false,”prime_id”:0,”highlights”:[],”highlights_html”:””,”also_read_available”:false,”body”:”
“>
The Nigerian government has committed more than USD 450 million to the country’s compressed natural gas (CNG) value chain since the launch of an ambitious initiative partly to address rising petrol or gasoline costs and promote cleaner energy.
This whopping sum of money was invested into creating CNG mother stations, daughter stations, refueling stations, and conversion centers that are springing up across the most populous African country, Tosin Coker, head of commercial for the Presidential CNG Initiative, Xinhua news agency reported quoting the reporters at the 2024 Nigeria Energy Forum in the southwestern state of Lagos.
Coker said the initiative has successfully converted more than 10,000 vehicles from petrol to CNG. It aims to push the conversion rate to “more than 1 million vehicles using petrol to CNG” by 2027.
In May 2023, Nigerian President Bola Tinubu halted the decades-long subsidy on gasoline, shifting focus to the use of CNG to partly cushion the effects of the country’s worst cost-of-living crisis triggered by the subsidy removal.
The government launched the CNG initiative in August, aiming to reduce transportation costs by nearly 50% by rolling out gas-powered public buses and switching petrol-powered vehicles to gas.
Coker also said the government had continuously sensitised citizens on the advantages of using CNG to power their vehicles, which, he added, can “guarantee cleaner environment, is cheaper and affordable.”
“,”next_sibling”:[{“msid”:116162450,”title”:”MVD announces new policy to make vehicle registrations more accessible”,”entity_type”:”ARTICLE”,”link”:”/news/industry/mvd-announces-new-policy-to-make-vehicle-registrations-more-accessible/116162450″,”link_next_mobile”:”/news/industry/mvd-announces-new-policy-to-make-vehicle-registrations-more-accessible/116162450?next=1″,”category_name”:null,”category_name_seo”:”industry”}],”related_content”:[],”seoschemas”:false,”social_share”:{“fb”:”/news/industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative/116163075?utm_source=facebook&utm_medium={{DEVICE_TYPE}}”,”x”:”/news/industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative/116163075?utm_source=twitter&utm_medium={{DEVICE_TYPE}}”,”whatsapp”:”/news/industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative/116163075?utm_source=wapp&utm_medium={{DEVICE_TYPE}}”,”linkdin”:”/news/industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative/116163075?utm_source=linkedin&utm_medium={{DEVICE_TYPE}}”,”telegram”:”/news/industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative/116163075?utm_source=telegram&utm_medium={{DEVICE_TYPE}}”,”copy”:”/news/industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative/116163075?utm_source=copy&utm_medium={{DEVICE_TYPE}}”},”cat_msid”:25384693,”cat_sub_msid”:false,”msid”:116163075,”entity_type”:”ARTICLE”,”title”:”Nigerian govt commits over USD 450 mn to natural gas initiative”,”synopsis”:”This whopping sum of money was invested into creating CNG mother stations, daughter stations, refueling stations, and conversion centers that are springing up across the most populous African country, Tosin Coker, head of commercial for the Presidential CNG Initiative, Xinhua news agency reported quoting the reporters at the 2024 Nigeria Energy Forum in the southwestern state of Lagos.”,”titleseo”:”industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative”,”status”:”ACTIVE”,”authors”:[],”Alttitle”:{“minfo”:””},”artag”:”IANS”,”artdate”:”2024-12-10 12:37:44″,”lastupd”:”2024-12-10 12:42:23″,”breadcrumbTags”:[“Nigerian government natural gas initiative”,”compressed natural gas Nigeria”,”CNG value chain investment”,”Nigeria Energy Forum 2024″,”Bola Tinubu gasoline subsidy removal”,”natural gas transportation Nigeria”,”cleaner energy solutions Nigeria”,”convert vehicles to CNG”,”CNG vehicle benefits”,”Nigerian government”],”secinfo”:{“seolocation”:”industry/nigerian-govt-commits-over-usd-450-mn-to-natural-gas-initiative”}}” data-authors=”[” data-author-list data-category-name=”Industry” data-category_id=”23″ data-cat_msid=”25384693″ data-date=”2024-12-10″ data-index=”article_1″ data-keywords=”Nigerian government natural gas initiative, compressed natural gas Nigeria, CNG value chain investment, Nigeria Energy Forum 2024, Bola Tinubu gasoline subsidy removal, natural gas transportation Nigeria, cleaner energy solutions Nigeria, convert vehicles to CNG, CNG vehicle benefits, Nigerian government” data-type=”news”>
This whopping sum of money was invested into creating CNG mother stations, daughter stations, refueling stations, and conversion centers that are springing up across the most populous African country, Tosin Coker, head of commercial for the Presidential CNG Initiative, Xinhua news agency reported quoting the reporters at the 2024 Nigeria Energy Forum in the southwestern state of Lagos.
- Updated On Dec 10, 2024 at 12:42 PM IST
“>
The Nigerian government has committed more than USD 450 million to the country’s compressed natural gas (CNG) value chain since the launch of an ambitious initiative partly to address rising petrol or gasoline costs and promote cleaner energy.This whopping sum of money was invested into creating CNG mother stations, daughter stations, refueling stations, and conversion centers that are springing up across the most populous African country, Tosin Coker, head of commercial for the Presidential CNG Initiative, Xinhua news agency reported quoting the reporters at the 2024 Nigeria Energy Forum in the southwestern state of Lagos.Coker said the initiative has successfully converted more than 10,000 vehicles from petrol to CNG. It aims to push the conversion rate to “more than 1 million vehicles using petrol to CNG” by 2027.
In May 2023, Nigerian President Bola Tinubu halted the decades-long subsidy on gasoline, shifting focus to the use of CNG to partly cushion the effects of the country’s worst cost-of-living crisis triggered by the subsidy removal.
The government launched the CNG initiative in August, aiming to reduce transportation costs by nearly 50% by rolling out gas-powered public buses and switching petrol-powered vehicles to gas.Coker also said the government had continuously sensitised citizens on the advantages of using CNG to power their vehicles, which, he added, can “guarantee cleaner environment, is cheaper and affordable.”
- Published On Dec 10, 2024 at 12:37 PM IST