The federal government has disclosed that Nigerians are expected to pay between N300,000 and N600,000 to convert their petrol vehicles to Compressed Natural Gas, CNG.…

The federal government has disclosed that Nigerians are expected to pay between N300,000 and N600,000 to convert their petrol vehicles to Compressed Natural Gas, CNG.

The Chief Executive Officer of the Presidential Compressed Natural Gas Initiative (P-CNGi) Steering Committee, Engr. Michael Oluwagbemi revealed this in an interview with Daily Trust after the official commissioning of CNG conversion centres and a demonstration of converted CNG vehicles in partnership with the private sector at the head office of Femadec Group, one of the partners in Lagos.

He also stated that the FG is also planning to establish 10,000 CNG vehicle conversion workshops in the near future.

Addressing the cost of conversion, Oluwagbemi explained that it may range between N300,000 and N600,000, depending on exchange rate compatibility.

He also mentioned that Nigeria aims to begin assembling and manufacturing CNG conversion kits, thereby creating further employment opportunities.

He added, “Currently, we are importing conversion kits, but under this initiative as a relief for Nigerians, the government is offering discounts on the immediate conversion cost and is considering flexible payment options as the committee continues to review the CNG initiative, offering more discounts and incentives.”

Additionally, the committee revealed that the initiative is expected to attract over $2 billion in investments into the Nigerian economy and create more than 250,000 employment opportunities for various professionals.

The Chief Executive Officer of Femadec Limited, Fola Akinola, expressed his anticipation for financing structures from banks through the federal government in addition to P-CNGi’s intervention to support the initiative.

https://dailytrust.com/conversion-of-petrol-vehicles-to-cng-to-cost-n600000-fg/

Toh

This one no concern us with Legcedes Benz

This sounds like using Panadol to threat Malaria - it will only take care of the headache symptom for a while and not the disease.

300k ke...... They should make d kit free... No be part of d palliatives again?

D cng is different from d cooking gas oh... I think d cooking gas is Lpg... And cng is still cheap... So if u have money do d conversion now.... B4 d kit go turn 1 million naira

Is the CNG available and at what price?

Then in 2 months after conversion the same cng price will rocket so hard that you can’t afford both the cng and petrol. Some APC miscreant will celebrate this as an achievement.

dre11:
The federal government has disclosed that Nigerians are expected to pay between N300,000 and N600,000 to convert their petrol vehicles to Compressed Natural Gas, CNG.…



https://dailytrust.com/conversion-of-petrol-vehicles-to-cng-to-cost-n600000-fg/

Who get 300k for this country now? Jonsing man

Hmmmm... I'm confused

Who cursed this country ??

See my sig.

Ehn ehn

dre11:
The federal government has disclosed that Nigerians are expected to pay between N300,000 and N600,000 to convert their petrol vehicles to Compressed Natural Gas, CNG.…

He added, “Currently, we are importing conversion kits, but under this initiative as a relief for Nigerians, the government is offering discounts on the immediate conversion cost and is considering flexible payment options as the committee continues to review the CNG initiative, offering more discounts and incentives.”

https://dailytrust.com/conversion-of-petrol-vehicles-to-cng-to-cost-n600000-fg/

For micra & Faragon Buses driver too? Na cost of new-used vehicle be that na
How e take relief ?

I don't know if I should laugh or cry.

No matter how frustrated you are with today, someday these will be the good old days.

These guys are looking for a way to drive gas prices up... which kind wahala be this?

We fit convert finish and still be paying higher than petrol price. Where is that guy that always have a suiting track for any post? play me "Nothing dey shock me again" by Victor AD

Good....

You wan sabi conversion pass Igboman...Igboland land wins no matter how hard you try...

More money for the igbos. You must do business abi you wan give Aboks...Normal Aboki naaaa..

Hehehehehehe

Make den sha decrease gas price

Why you telling us?

As if Gas is cheaper!

Useless government officials.

Tolumiide:
Is the CNG available and at what price?

150 -200

So my dad will pay 600k for us 1990 Benz?

I hope the strike is going on. God punish CNG

Innosson dey run am already, ask around

Criminals,everything abt the government is always huge amount of money they use, if it's not in billions it will be in millions and hundreds of thousands, even if naa wheelbarrow them wan buy

My prayer is since tinubu has decided to punish a whole country like this may God visit punishment on his family. Take the CNG to Lagos we don't need it na CNG we go chop

helinues:
Toh

This one no concern us with Legcedes Benz

Hahahahahahahahahaha.......

I like you because you no dey lie...Na still me go buy you your first car..

Nice one

Judolisco:
150 -200

don't let them deceive u. The same lies they told us about oil deregulation.