• Saturday, May 18, 2024
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FG’s CNG push gets experts’ nod

FG’s CNG push gets experts’ nod

The Nigerian government’s push for a wider adoption of Compressed Natural Gas (CNG) as a vehicle fuel has received positive feedback from industry experts.

The initiative, aimed at reducing emissions and dependence on traditional fuels, has been lauded for its potential environmental and economic benefits.

With an anticipated price range that is 40percent to 60percent cheaper than PMS or AGO, experts said CNG offers a compelling alternative to traditional petrol, providing consumers with a more financially viable option

They said this stable pricing mechanism not only insulates consumers from the volatility of global oil markets but also fosters economic predictability and resilience.

“The synergy between government, industry stakeholders, and the public is paramount,” Adelanke Dayo-Adepoju, renewable energy and gas specialist said. “Together, we can harness the transformative power of CNG, driving Nigeria towards energy security and economic prosperity.”

Other experts said through a series of proactive measures, including financial incentives, tax breaks, and subsidies, the government is creating an enabling environment for industry players to thrive.

The government’s ambition is to see one million CNG vehicles on Nigerian roads by 2027. Achieving this goal involves establishing 1,000 conversion and refuelling stations across the nation, a move that is poised to generate over 50,000 jobs. Such efforts underscore the government’s commitment to robust infrastructure development, paving the way for the widespread adoption of CNG technology.

“We recognize natural gas not just as a transition fuel but also as a fundamental driver of economic growth and development,” Olalere Odusote, former commissioner for energy to the Lagos state government said.

He added, “By embracing CNG, we can enhance energy security, create jobs, and propel Nigeria towards a brighter future for all its citizens.”

Other stakeholders said as Nigeria strives to mitigate its carbon footprint and address environmental concerns, the adoption of CNG presents a tangible solution.

“Its combustion emits significantly fewer greenhouse gases compared to petrol, contributing to a cleaner and more sustainable energy landscape,” experts said.

With the knowledge that Nigeria is actually a gas province, with oil, stakeholders said the strategic utilisation of domestic resources not only enhances national sovereignty but also stimulates economic development by capitalising on local assets and reducing the pressure of Forex.

“CNG also stands out for its safety and stability. Unlike traditional fuels, CNG has limited flammability, reducing the likelihood of accidental combustion and minimizing associated risks. Moreover, CNG cylinders are engineered with stringent safety measures, ensuring their durability and resilience even in the face of challenging conditions,” they said.

They noted that the impact of CNG extends beyond the economic and environmental spheres, permeating society at large.

“Through vehicle conversion initiatives, CNG facilitates a seamless transition for existing vehicles, minimizing the need for extensive infrastructure overhaul. This inclusive approach ensures that individuals from all socio-economic backgrounds can access the benefits of this transformative energy source,” experts said.