• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, June 23, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

CNG: Nigeria Expects To Save $4.4bn On Annual Petrol Imports

Nse Anthony-Uko by Nse Anthony-Uko
2 years ago
in Business
Gas cylinders
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has said it plans to cut as much as $4.4 billion off the country’s annual petrol import cost through the adoption of Compressed Natural Gas (CNG) as alternative fuel.

The government also announced its intention to convert approximately one million vehicles to CNG, with an estimated $890 million investment needed to establish infrastructure for the alternative fuel.
The coordinator, Regulations, Compliance and Facilitation, Presidential Initiative on Compressed Natural Gas, (PCNGi), Engr. Zayyan Tambari made this known while making a presentation at the Co-creation Session on Nigeria Gas Vehicle Monitoring System (NGVMS), in Abuja on Tuesday.

Tambari said that the government plans to substitute 20 per cent of the current 50 million litres of petrol consumed in the country daily with CNG.

Speaking earlier, the minister of State Petroleum Resources (Gas), Ekperikpe Ekpo stressed the government’s commitment to ensuring that the nation fully utilises its gas resources.
Represented by Engr. Abel Nsa, the minister noted specific materials and tools would be needed across the value chain to ensure a safe usage of CNG as fuel for vehicles.

“We are at the point where we need to begin to talk about the safety issues in the use of CNG. We have got to educate ourselves and we have got to use specific tools and materials hitherto that we have not been using.

“If you will recall what happened in 2009-2001 with the emergence of the cell phone during President Obasanjo regime, from an economic perspective, a lot is going to happen. It is going to give us a lot of tools on how to utilise CNG”, he added.

Also speaking, programme director and chief executive officer of P-CNGi, Michael Oluwagbemi, underscored the importance of transition to natural gas, saying that it is more affordable, cleaner, safer and more sustainable for the economy.

RELATED NEWS

FAAN Considers October Deadline Extension For Airport Taxi Upgrade Policy Scheme Implementation

Sahara Group Commits $5,000 To Advance Energy Journalism In Africa

Meta Appoints Shah To Lead WhatsApp In Major Leadership Shift

Oluwagbemi explained that the engagement was crucial for relevant bodies to discuss the steps that have been put in place by the federal government through its various regulatory bodies to address safety concerns about around the energy source

“In doing this transition, we need to make sure that the transition is smooth and ensure that any bad actors are identified and fished out, and that we all comply with the necessary basic technical regulations.

“In achieving this, we need the cooperation of all members of the ecosystem right from the point of inspection or conversion to the point of use, right from the point of manufacturing or importation of any part to the point of installation, there is a need that we have a very strong regulatory regime.

“And it also ensures that there are no incidents, no accidents. And so for us, this session is about bringing all the regulatory agencies, to discuss the steps that have been put in place by the federal government through its various regulatory agencies to ensure the safety of the members of the public and the industry actors in the emerging natural gas vehicle space,” he stated.

On his part, the executive director, Distribution System, Storage and Retailing Infrastructure, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr. Ogbugo Ukoha said the agency in its quest to promote the use of gas has gazetted two regulations that addressed technical framework and specifications for the development of gas retailing infrastructures and fuel quality standard.

Ukoha explained NMDPRA is pushing petrol station owners to set up CNG points in their facilities, adding that no new licence would be granted without a point to dispense CNG.

“The Authority is also engaging the stakeholders that would result in mandating fuel trucks and fleet owners and also facilities to convert to the use of CNG given the high cost of diesel”.

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works
Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

OTHER NEWS UPDATES

Business

FAAN Considers October Deadline Extension For Airport Taxi Upgrade Policy Scheme Implementation

31 minutes ago
Sahara Group Commits $5,000 To Advance Energy Journalism In Africa
Business

Sahara Group Commits $5,000 To Advance Energy Journalism In Africa

3 hours ago
Meta Appoints Shah To Lead WhatsApp In Major Leadership Shift
Business

Meta Appoints Shah To Lead WhatsApp In Major Leadership Shift

3 hours ago
Next Post
Stakeholders Reiterate Commitment To Cleaning Industry Growth

Stakeholders Reiterate Commitment To Cleaning Industry Growth

Advertisement

LATEST UPDATE

Weah Lauds FIFA’s Crackdown On Racism, Hate Speech In Football

2 minutes ago

‘Make Nigeria Your Second Country’, UN Envoy Jimoh Ibrahim Tells Dominican Students In US

4 minutes ago

France Vs Iraq World Cup Match Suspended At Half-Time Due To Lightning Risk

8 minutes ago

CCII Blasts Fayose Over Olubadan Remarks, Warns Against Politicising Ibadan Throne

12 minutes ago

FAAN Considers October Deadline Extension For Airport Taxi Upgrade Policy Scheme Implementation

31 minutes ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.