The Federal Government of Nigeria has made it mandatory for all fuel station owners across the country to commence the installation of Compressed Natural Gas (CNG) pumps.
This is aimed at making CNG more accessible to Nigerians, and allowing them to refuel their vehicles at a much lower cost: about N200 per unit, as against the rising prices of Premium Motor Spirit (PMS), also known as petrol.
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, gave the directive at the 2024 OTL Africa Downstream Energy Week in Lagos.
Farouk said that the NMDPRA is partnering with stakeholders to expedite action on the installation of CNG pumps at retail outlets across Nigeria, in line with the government’s broader goal of advancing energy transition.
He said that most fuel stations will be expected to incorporate CNG dispensers to support the growing number of CNG-powered vehicles in Nigeria.
This is coming at the time President Bola Tinubu encouraged Nigerians to consider CNG as a cleaner, more affordable alternative, saying that petrol prices could reach N1,000 per liter, whereas CNG remains at N200 per Standard Cubic Meter.
The federal government has already introduced incentives for commercial drivers to convert from petrol to gas at no cost.
