Afrigather The launch of the Compressed Pure Gasoline (CNG) car conversion centres by the Presidential Compressed Pure Gasoline Initiative (PCNGi) on October 29, 2023, is predicted to offer entry to cheaper and cleaner vitality for the folks of Lagos.
The CNG conversion centre, positioned at FEMADEC Power Group’s station at KM42, Lekki-Epe, Expressway in Abijo, Lagos State was the primary of many throughout the nation as different CNG stations in different states together with Ogun, Rivers, Kaduna, and the FCT have been commissioned for operations in fast successions, within the succeeding days.
President Bola Ahmed Tinubu’s administration, within the wake of the whole deregulation of the petroleum merchandise market at inception, had arrange the PCNGi and charged it with the mandate to innovate methods of bringing the transition to CNG as a substitute vitality supply to PMS to dwell to offer respite for the lots.
In a press release seen by BusinessDay, Micheal Oluwagbemi, the Challenge Director and CEO of PCNGi, referred to the opening of the CNG conversion centre on the FEMADEC Power Group as a noteworthy milestone that can usher in a future for Nigeria that’s each ecologically sustainable and economically advantageous for Nigerians, the financial system, and the atmosphere.
“This flexibility and diversification of gasoline sources will finally improve vitality safety for Lagosians by facilitating a discount of the dependency on imported petroleum merchandise and its attendant traumatic international market fluctuations,” the assertion learn.
Based on the assertion, with extra automobiles transitioning to CNG quickly, there will likely be decreased demand for petrol and diesel, which is able to alleviate the agony of gasoline shortages and lengthy queues at petrol stations, a commonest sight in Lagos throughout gasoline crises.
“One different key attraction of the CNG Conversion is the effectivity and velocity with which it operates. Automobile house owners can deliver their automobiles to the centre and have them transformed in nearly 8 hours. This fast turnaround time is a significant profit, because it minimizes the inconvenience brought on to the car house owners.
“It signifies that people shouldn’t have to depart their automobiles on the centre for an prolonged interval and may return to their every day routines with their transformed vehicles or buses in a comparatively brief time. Nevertheless, essentially the most telling advantage of the CNG transition is the associated fee financial savings it would avail car house owners as CNG is considerably cheaper than conventional petrol.”
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Based on the PCNGi estimates, a litre of CNG will likely be bought between N320 and N350, whereas PMS is presently retailed at about N550 to N650/litre.
Which means CNG affords twice as a lot quantity as PMS and much more worth than diesel for transportation. For the person, this interprets to much less spend on commuting, and for transporters, extra revenue from enterprise operations.
“The opening of the CNG conversion centre at FEMADEC Power Group’s station alongside the Lekki-Epe Expressway marks a big step in direction of a extra sustainable and reasonably priced transportation system for Lagosians and Nigerians at giant.
“As Lagosians expectedly start to embrace the change to a greener and cheaper gasoline supply, the potential for a brighter, cleaner, and extra sustainable future for Lagos beacons.”
Based on the assertion, with the continued assist from the federal government, and the sustained dedication of PCNGi, non-public sector companions, and the Nigerian public, this guarantees to be the daybreak of a powerful transition to a cleaner and extra affluent future for all Nigerians.
