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FG Will Begin Converting Petrol Vehicles To Autogas - Politics - Nairaland 5y2e32

FG Will Begin Converting Petrol Vehicles To Autogas (13070 Views)

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BrandSpurNG: 2:01pm On Jan 31, 2022
The federal government says it will start converting gasoline-powered vehicles to autogas in March.

Timipre Sylva, the minister of state for petroleum resources, made the announcement on Monday in Abuja during a meeting with oil marketers about the compressed natural gas (CNG)/autogas transition program.

Sylva stated that the government hoped to convert approximately five million cars by the end of the program.

He stated that the government was working hard to ensure that the necessary alternatives were available prior to the removal of the gasoline subsidy.

One of these key alternatives, he claimed, was the use of autogas.

President Muhammadu Buhari launched the National Gas Expansion Programme (NGEP) in December 2020 to promote the transition of automobiles from petrol to gas.

During the program’s roll-out in Abuja, the federal government, through the Nigerian National Petroleum Company, assured of free conversion services in some selected retail stations to enable automobiles to switch from motor spirit (PMS) to autogas.

Sylva stated at the meeting that with Nigeria’s abundant gas reserves of over 206.53 TCF, a population of approximately 200 million people, and the enactment of the Petroleum Industry Act, the continuous absorption of an under-recovery deficit would be eliminated when the alternative fuel comes on-stream.

During the event, the government stated that it would work with original equipment manufacturers (OEMs) and oil and gas marketers to convert one million public transportation vehicles and install 1,000 refueling stations within 36 months from the first to the last 18 months of the program’s implementation.

According to the breakdown, the first 18 months would see 500,000 conversions and 580 refueling stations supplied by five OEMs, followed by another 500,000 conversions and 420 refueling stations supplied by six OEMs within the next 18-36 months.

“Target is to reach 5,000,000 conversions by achieving a 20% year-on-year increase (from year 3), which could be accelerated as the market matures,” according to the document.

“As a result, you and the infrastructure fund will work together to get things ready for the autogas conversation.” “We will bring out the fund in collaboration with some countries’ Original Equipment Manufacturers (OEMs) to connect and assess,” he said.

“The burden will not be on you now, which is why we are bringing you on board; funding is already in place to enable this aspect of your business.”
“The government is coming in; we will provide 50% of the funding, while the country’s OEMs will provide the remaining 50% for you to evaluate.” “The program will begin in March.”

Before kick-off, Sylva stated that a critical number of vehicles must be converted, as well as a critical number of dispensing stations.

“The conversion process has been ongoing, and we have been in with OEMs.” To accomplish this, we agreed that we needed one million vehicles to convert in the first place.”

According to Sylva, the OEMs would be in Nigeria soon and would require partnerships with local marketers to put their systems in place, particularly in the installation of dispensing stations and conversion kits.

https://brandspurng.com/2022/01/30/fg-will-begin-converting-petrol-vehicles-to-autogas/

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Racoon(m): 2:59pm On Jan 31, 2022
And same FG have refused to diversify to non-oil alternate energy sources but still wasting billions to exploit for an illusive crude oil in the northern region? Govt of "FG will", "FG shall" and "FG to".

22 Likes 5 Shares

gasparpisciotta: 3:05pm On Jan 31, 2022
Another scam loading

This should be a private sector driven initiative

33 Likes 3 Shares

inoki247: 3:08pm On Jan 31, 2022
lol which Gas the one wey almost cost Gold the other time...

13 Likes 2 Shares

opalu: 6:51pm On Jan 31, 2022
I think the Private Sector in Nigeria is very indolent and insolent. Infact there is a huge vacuum created by this inactivity of the Private Sector. The only people representing the Private sector are Banks that oppress the masses and Oil companies that are owned by Cronies of Government officials.

Everyone is waiting for FG to do what private sectors of other countries do. We are waiting for FG that is Rotten from the top to convert fuel cars to electric cars or to gas cars. FG or their cronies cannot solve any of our problems. See the mess they have done to DISCOS which they gave their friends. Now they have huge gbese on their heads as we speak

12 Likes 1 Share

Brendaniel: 6:51pm On Jan 31, 2022
They continued campaigning after assuming office, it's like these people are not aware that they won election since 2015, they continue to will and never do...

5 Likes

Omniman(m): 6:52pm On Jan 31, 2022
All of you that use to believe these guys..

Una dey try ooo.
shocked

12 Likes

Silva79(f): 6:52pm On Jan 31, 2022
Lmaooooo awon weyrey tun ti de oooo
SuperBlack: 6:53pm On Jan 31, 2022
When are they starting?
cRobo: 6:53pm On Jan 31, 2022
I won't say a word
allahIsAnIDOL: 6:53pm On Jan 31, 2022
How many times?

Nairaland keeps recycling old news all the time and it really has to stop. If you complain, you'll be banned and it's very bad.
captainamiedi1: 6:54pm On Jan 31, 2022
btw gas and fuel which one cost ? these guys are clown

7 Likes 1 Share

Zico5(m): 6:54pm On Jan 31, 2022
When will these people stop their jokes. Buhari and his cohorts are the greatest jokes of century. Nevertheless, someone said Buhari always believe whatever those fools around him tell him
Theta1: 6:54pm On Jan 31, 2022
Audio

2 Likes

HighQue007: 6:54pm On Jan 31, 2022
I think this is just a dead on arrival kind of project that is not sustainable. Can’t help to think it’s just for Some peeps to cash out big.

2 Likes

Sholaco: 6:54pm On Jan 31, 2022
Who will buy the gas? The most expensive product. Shame

3 Likes 1 Share

fabson21(m): 6:55pm On Jan 31, 2022
This is Nigeria where politicians are coded criminals

2 Likes 1 Share

RichDad1(m): 6:55pm On Jan 31, 2022
This people and their nonsense jaundiced policy

2 Likes

sojayy(m): 6:56pm On Jan 31, 2022
Audio Obsolete technology na hm our govt go carry for head like age bread.......trust Dem no fit talk of electric vehicles cos Dem know d evil they've done with it...smh
deji17: 6:56pm On Jan 31, 2022
Nice move and good initiative. Apart from people looking for political gain out of condemning current govt, this istration is laying a good foundation for a better tomorrow.

1 Like 1 Share

inforesource: 6:57pm On Jan 31, 2022
Begins. Every time FG begins. I have heard this begins more than 2 times on this issue.

Keep joking. The one for cooking is now 10k, you want to start this one.

1 Like

Michaelbjune(m): 6:58pm On Jan 31, 2022
hmmmm we don hear

Anyway there's no time to check time 6:58
nairavsdollars(f): 6:58pm On Jan 31, 2022
nonsense
Ddigit: 6:58pm On Jan 31, 2022
Lori iro
Investorozay: 6:58pm On Jan 31, 2022
Another one
Dj buhaled

1 Like

loadedvibes: 6:59pm On Jan 31, 2022
The comments on threads like this.. are to kill for.. I don laugh tire.
Bromax: 6:59pm On Jan 31, 2022
Why? What for? Are we ready for it? Why are we always fooling ourselves in this country? Misplaced priority. Follow Follow

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