The Federal Government is set to establish 500 Compressed Natural Gas refuelling stations across the country within three years, as part of efforts to accelerate Nigeria’s transition to cleaner, cheaper fuels and ease pressure on petrol consumption.
The Executive Director of the Midstream and Downstream Gas Infrastructure Fund(MDGIF) and Chinese equipment manufacturer, Endurance Group, Oluwole Adama said this on Sunday.
Adama says that the talks resulted in an agreement to create a government-backed Special Purpose Vehicle, promoted by the MDGIF, Bank of Industry, Endurance Group, and Séquor Investment Partners, to drive the project.
He noted that the initiative would help eliminate the long queues currently witnessed at existing CNG stations by expanding access to refuelling points and improving logistics to ensure uninterrupted supply.
