The federal government says Nigeria will save about $2.5 billion yearly from every one million vehicles powered by compressed natural gas (CNG). Michael Oluwagbemi, programme director and chief executive officer, the presidential CNG initiative (P-CNGi), spoke at the south-south stakeholders’ engagement meeting on the CNG initiative, held in Port Harcourt, Rivers state, on May 17. Oluwagbemi said CNG adoption will also reduce the pressure on foreign reserves and improve the value of the naira. “For every 1,000,000 vehicles that Nigeria moves from petrol to natural gas, the nation is not…
Read MoreEvery One Million CNG-Powered Vehicles Will Save Nigeria $2.5bn Yearly – GOVT
