- The chairman of Presidential CNGi says CNG is the way to reduce the cost of transportation.
- Nigeria would save $3 million to $5 billion on Premium Motor Spirit (PMS) in three to five years.
On Thursday, the Presidential Compressed Natural Gas Initiative (P-CNGi) inaugurated the Abuja CNG conversion and training centre to ensure a sustainable energy future in Nigeria. The centre was commissioned at the Nigerian Institute of Transport Technology (NITT) under the leadership of its Director-General (D-G), Dr Bayero Farah.
In his remark, Mr Zacch Adedeji, the chairman of the Presidential CNG Initiative Steering Committee, said CNG was the way to reduce the cost of transportation. Adedeji disclosed that the government spent $6 billion to import petroleum into the country annually, “using our dollars and just creating the mess that we have found ourselves in.
“At times for us at the Presidential CNG Initiative Steering Committee, when we are meeting, we can’t just understand how Nigeria up until today might have been buying Petrol for all cars and commercial vehicles when we have gas here. And we can use the gas. We can power all our vehicles with the gas at a cheaper and one-third of the cost. We will not have been spending any foreign exchange and will have created many jobs and opportunities.”
Adedeji, represented by the Senior Special Assistant to the President on Domestic Affairs, Mr Toyin Subair, assured that no monopoly would be created in executing the CNG project across the country. He said that within the next three to five years, Nigeria would save $3 million to $5 billion that the country was spending on Premium Motor Spirit (PMS), adding that “we will no longer be buying it.