N600,000 Needed To Convert Petrol Vehicle To CNG – FG Tells Nigerians
Nigerians who want to convert their petrol vehicles to Compressed Natural Gas (CNG) are expected to pay between N300,000 and N600,000.
This was disclosed by the Chief Executive Officer of the Presidential Compressed Natural Gas Initiative (P-CNGi) Steering Committee, Engr. Michael Oluwagbemi, after the official commissioning of CNG conversion centres and a demonstration of converted CNG vehicles in partnership with the private sector at the head office of Femadec Group, one of the partners in Lagos.
Oluwagbemi noted that the FG is also planning to establish 10,000 CNG vehicle conversion workshops in the near future.
While talking about the cost of conversion, Oluwagbemi explained that it may range between N300,000 and N600,000, depending on exchange rate compatibility.
He said further employment opportunities will be created as Nigeria aims to begin assembling and manufacturing CNG conversion kits.
He added, “Currently, we are importing conversion kits, but under this initiative as a relief for Nigerians, the government is offering discounts on the immediate conversion cost and is considering flexible payment options as the committee continues to review the CNG initiative, offering more discounts and incentives.”
Kazeem Badmus is a graduate of Mass Communication with years of experience. A professional in journalism and media writing, Kazeem prioritses accuracy and factual reportage of issues. He is also a dexterous finder of the truth with conscious delivery of unbiased and development oriented stories.
