FG targets $3b investment from CNG conversion Initiative

The Programme Coordinator, Regulatory, Compliance and Facilitator, Presidential CNG Initiative, Mr. Zayyanu Tambari Yabo, has revealed that Federal Government would realise over three billion dollars investment from the Compressed Natural Gas conversion initiative.The Programme Coordinator, Regulatory, Compliance and Facilitator, Presidential CNG Initiative, Mr.

“Last year, President Bola Tinubu launched Presidential Compressed Natural Gas Initiative as a successor to the National Gas Expansion Programme to cushion the impact of subsidy removal and this initiative is techno-economically beneficial because Nigeria is naturally blessed with abundance of natural gas deposit,” Yabo said

Meanwhile, the Programme Director of the initiative, Michael Oluwagbemi, has given the assurance that it would reduce the current inflation ravaging the country and address incessant fuel crisis. “Over the last five to six decades, these resources have continued to waste. Nigeria is the second largest waster of oil and gas. We exploit it and waste it; then continue to suffer poverty.

“Nigeria stands to gain a lot from the energy transition in the transportation sector. First and foremost, CNG is our own resources. Natural gas is everywhere in Nigeria. It is a much more reliable source of fuel for the transportation sector. The Programme Coordinator, Regulatory, Compliance and Facilitator, Presidential CNG Initiative, Mr. Zayyanu Tambari Yabo, has revealed that Federal Government would realise over three billion dollars investment from the Compressed Natural Gas conversion initiative.

Source: News Formal (newsformal.com)

Mr. Zayyanu Tambari Presidential CNG Initiative

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