Nigerians Reap Benefits Of CNG, Save Up To N36,000 Weekly

Nigerians have shared the benefits of using Compressed Natural Gas (CNG) as an alternative to petrol, citing significant cost savings.
Some Abuja residents reported saving up to N36,000 weekly after converting their vehicles to CNG.
Despite the benefits, challenges such as limited CNG stations, delays in refueling, and potential negative impacts on vehicle productivity remain.

Nigerians have begun to reap the benefits of using Compressed Natural Gas (CNG) as an alternative to petrol, with some reporting significant cost savings.

This development comes as the Presidential Compressed Natural Gas Initiative (PCNGI) targets over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing PMS-dependent vehicles.

Chinoso Akatobi-Michael, a public servant and Abuja resident, said CNG has saved her N36,000 weekly. “I can say for a fact that CNG is more beneficial and cost-effective to me than petrol. Since I converted my vehicle to CNG, I have saved N36,000 weekly spent on fuel,” she stated. Kunle Adebayo, a corporate driver in Abuja, also reported saving N45,000 weekly after converting his vehicle to CNG.

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The Petroleum Products Retail Outlet Owners Association national president, Billy Gillis-Harry, emphasized that CNG is a superior alternative to petrol in terms of cost.

“No doubt CNG is a superior alternative to petrol; that is why we are pushing for it. However, the major challenge is the cost of setting up a CNG station; that is why we are asking the government for a N100 billion intervention,” he stated.

FG $450 Million Investment Accelerates CNG Expansion in Nigeria – PCNGi

The Presidential Compressed Natural Gas Initiative (PCNGi) has committed over $450 million to the expansion of Nigeria’s Compressed Natural Gas (CNG) sector.

Michael Oluwagbemi, the Project Director and CEO of PCNGi, made this revelation during his address at the 9th Edition of the Nigeria Energy Forum (NEF 2024) in Lagos on Monday, which was delivered on his behalf by Tosin Coker, the Head of Commercial at the initiative.

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Nigerians have shared the benefits of using Compressed Natural Gas (CNG) as an alternative to petrol, citing significant cost savings.

Some Abuja residents reported saving up to N36,000 weekly after converting their vehicles to CNG.

Despite the benefits, challenges such as limited CNG stations, delays in refueling, and potential negative impacts on vehicle productivity remain.

The Presidential Compressed Natural Gas Initiative (PCNGi) has committed over $450 million to the expansion of Nigeria’s Compressed Natural Gas (CNG) sector.