The Nigerian government has announced plans to commission 30,000 Compressed Natural Gas (CNG) powered vehicles within the next 90 days, signaling the end of buying Premium Motor Spirit (PMS) at prices between ₦750 and ₦1000 per liter.
Michael Oluwagbemi, Project Director and CEO of the Presidential Compressed Natural Gas Initiative, made this announcement during the Park to Park CNG Mobilisation program in Lagos.
“Today, we are here with conversion kits. We have purchased over 30,000 of these kits for distribution within the next 90 days. The President has instructed us that this initiative will not stop at 30,000 kits. The target is one million kits. We want to ensure that everyone can benefit from this government initiative,” Oluwagbemi said.
He emphasized that this initiative aims to promote the adoption of CNG as an alternative fuel for transportation.
“The era of buying fuel at ₦750, ₦800, or ₦1000 per liter is over. We will start using the gas under our feet so that we can purchase it at ₦230 per kilogram,” Oluwagbemi stated.
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This initiative follows President Bola Tinubu’s directive for all Ministries, Departments, and Agencies to procure CNG-powered vehicles as a measure to mitigate the impact of the fuel subsidy removal.
The Nigerian National Petroleum Company Limited (NNPC) has announced a significant shift towards Compressed Natural Gas (CNG) as a cheaper and more sustainable alternative to Premium Motor Spirit (PMS), commonly known as petrol.
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