Business News

Energy Transition: FG inaugurates CNG conversion, training center in Abuja

The Presidential Compressed Natural Gas Initiative (P-CNGi) has launched the Abuja CNG conversion and training center, an essential step towards achieving a sustainable energy future in Nigeria.

Dr. Bayero Farah, the Director-General (D-G) of the Nigerian Institute of Transport Technology (NITT), oversaw the establishment of the center on a Thursday.

According to Zacch Adedeji, the Chairman of the Presidential CNG Initiative Steering Committee, he emphasized that Compressed Natural Gas (CNG) represents the solution for cutting transportation expenses.

Adedeji disclosed that the government spent US$ 6 billion to import petroleum into the country annually, “using our dollars and just creating the mess that we have found ourselves in.

Speaking on the development of energy transition from Premium Motor Spirit (PMS) to CNG in the transportation sector, Adedeji said the country would be saving $3 million to $5 billion.

He added that Nigerians will no longer be buying PMS with the penetration of PMS in the country.

In addition, Mr. Micheal Oluwagbemi, the Project Director of P-CNGi, emphasized that the event represents a major stride in the quest for cleaner, cost-effective, and environmentally conscious energy solutions.

Oluwagbemi, an engineer, emphasized that the decision to establish the P-CNGi-affiliated conversion center was a deliberate commitment to adopt cleaner and more cost-effective energy solutions.