***Targets one million vehicles by 2027
By Tony Obiechina, Abuja
The Presidential Compressed Natural Gas Initiative (PCNGi) has said that the federal government has invested more than $450m in the compressed natural gas value chain.
The amount is an increase of about $250m when compared to the $200m investment figure which was released in November this year.
The PCNGi Project Director and Chief Executive Officer, Michael Oluwagbemi, disclosed this during the 9th edition of the Nigeria Energy Forum.
According to him, the amount was invested in mother stations, daughter stations, refuelling stations, and conversion centres.
Oluwagbemi, who was represented by Tosin Coker, PCNGi head of commercial, said the initiative had succeeded effectively.
“By 2027, the initiative will have converted more than one million vehicles using petrol to CNG,” he said.
On incidents of explosion of vehicles using CNG, Oluwagbemi assured Nigerians that it had taken precautionary measures with various agencies of government to ensure safety.
The National Coordinator of the global environment facility (GEF) small grants programme (SGP), managed by UNDP, Ibironke Olubamise, said the programme was investing in youth energy innovation for economic growth and environmental sustainability.
On his part, the Director-General, National Automotive Design and Development Council (NADDC), Joseph Osanipin said that the council had trained over 4,000 auto technicians regarding the conversion of petrol vehicles to CNG.
Osanipin said the council had started campaigns to sensitise Nigerians on the benefits of using CNG to power their vehicles.
“CNG can guarantee cleaner environment, it is cheaper and affordable,” he said.
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