The Federal Government of Nigeria has expressed its commitment to ensuring that there is no monopoly or concentration of power within a select group of individuals or companies in the adoption of compressed natural gas (CNG) for vehicle use in the country.
This statement was made by Toyin Subair, the Senior Special Assistant to the President on Domestic Affairs, during the commissioning of a CNG conversion and training centre at the National Institute of Transport Technology (NITT) in Abuja.
Subair emphasised that the Presidential Compressed Natural Gas Initiative (P-CNGI) is designed to provide a level playing field for all stakeholders and not favour any specific group or region.
The government intends to treat all players equally and foster an inclusive approach to the adoption of CNG. According to Subair, the initiative aims to open up the economy and encourage broad participation from various sectors.
He noted that the P-CNGI is designed to bring together banks, private equity firms, and various players in the industry to ensure the success of the transition project. CNG is seen as a cost-effective alternative to traditional fuels, and it is expected to significantly reduce transportation costs in the country.
The Minister of Transportation, Saidu Alkali, who also spoke on the benefits of CNG, highlighted its cost-effectiveness, availability in Nigeria, and multiple uses.
In addition to the economic advantages, CNG offers environmental benefits, including reduced noise and air pollution.
The Director General and Chief Executive of the NITT, Dr. Bayero Salih Farah, encouraged vehicle owners in Abuja and its environs to take advantage of the cost-effective and environmentally friendly CNG energy source.
The commissioning of the CNG conversion and training centre is a step towards promoting CNG adoption in Nigeria and reducing the country’s dependence on traditional fuels.
Source: The Nation Newspaper