Investors Mobilise $50m To Boost Cng Adoption Fg

2 Days(s) Ago    👁 65

Offers 50% discounts on conversion kits

CNG saves 77% in fuel cost, Portland MD

By Obas Esiedesa, Abuja

The Federal Government(FG) yesterday, disclosed that investors have mobilised $50 million in the past six months to support infrastructure development for Compressed Natural Gas (CNG) adoption in the transportation sector.

Additionally, the government said it is also offering a 50 percent discount on conversion kits, priced between N1.2 million and N1.5 million to encourage transporters to switch to CNG, which can save up to 77 percent in energy costs.