One million vehicles converted to use CNG will save Nigeria $2.5 billion yearly, save 6 million litre of petrol per day. 

In addition to being 18 time safer than our petrol and diesel, motorists can realise between 40% to 50% savings with CNG. 

CNG is expected to end the era of pollution, environmental degradation as well as reduce the cost of transportation.

The Federal Government has explained that Nigeria will save about $2.5 billion per year and about 6 million litres of petrol per day for every 1,000,000 (1 million) vehicles converted to use Compressed Natural Gas (CNG).

The Programme Director, Presidential Initiative on Compressed Natural Gas (Pi-CNG), Michael Oluwagbemi, made this known during a one-day South South and Southeast stakeholders engagement meeting in Port Harcourt, Rivers State.

According to Oluwagbemi, the push for the cheaper and cleaner CNG would end the era of pollution, environmental degradation and also reduce the cost of transportation.

He said:

“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.

“The President has set us on natural gas feature and set up on the nation on the path of growth. The use of gas ensures we have energy savings, mind you the price of Natural gas is controlled by government.

“What the President is asking is to do more with the blessings God has given us. If we are able to move three million vehicles in the next three years we are going to end the era of environmental degradation.”

Oluwagbemi said transition to CNG will save about 6 million litres of petrol per day, adding that 40% to 50% savings can be realised compared to petrol.

He said:

“Nigeria stands to gain a lot from the energy transition in the transportation sector. First and foremost, CNG is our own resource. Natural gas is everywhere in Nigeria. It is a much more reliable source of fuel the transportation sector. No longer will there be crises out of Nigeria impact the economic livelihood of the country.

“It has the capacity of reducing inflation. It is cheaper. You can realise between 40% to 50% savings from petrol. This is good for Nigeria and it is safer. It is 18 time safer than our petrol and diesel. IT is cleaner and safer for the environment.

“There is enough demand for natural gas all we need to do now is to open stations, pipelines and conversations centres. When we convert our vehicles, 1,000,000 vehicles they will convert it save the country about $2.5 billion a year. This will also save us 6,000,000 litres a day. These are monies that we can spend on hospitals on roads.”

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