On Wednesday, Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), disclosed that President Bola Tinubu has begun implementing structural measures to provide low-cost fuel via liquefied natural gas (LPG) and compressed natural gas (CNG).
This will be used by the president to lessen the impact of the loss of subsidies on Nigerians.
After meeting with Tinubu, Kyari told the media at the State House about this.
As part of the president's palliative efforts to alleviate the suffering caused by the loss of the subsidy, he stated that the president intends to implement the structural plan as quickly as possible.
Additionally, he stated that the refineries of the nation were undergoing extensive restoration and would soon be finished.
Compressed natural gas (CNG) has a number of potential advantages, including lower costs, lower emissions, and improved fuel efficiency, according to a recent PwC analysis.
Additionally, CNG costs a lot less than gasoline, which could save car owners a lot of money.
CNG's price is more stable than petrol's, which fluctuates in price.
CNG may reduce vehicle maintenance costs by producing fewer engine deposits that eventually clog the engine because it burns cleaner.
However, CNG adoption in Nigeria faces some challenges.
These issues include the need for government regulations and incentives to encourage CNG use, the initial investment required to equip existing automobiles with CNG engines, and the development of a viable CNG distribution infrastructure.
PwC believes that there are obstacles to CNG's widespread use, making it unlikely to replace gasoline in the near to medium term. CNG has many advantages over fuel.
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