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FG: Over $1b Private Sector Investment Mobilised to Boost CNG Adoption

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, yesterday launched the Nigerian Gas Vehicle Monitoring System (NGVMS), a key step in the federal government’s drive to promote safety, accountability, and environmental integrity in the nation’s Compressed Natural Gas (CNG) sector.

At the event, it was also revealed that the federal government has mobilised at least $1 billion in private capital to boost the entire value chain of the CNG segment.

Speaking at the pilot launch held at an NNPC Retail Station in Abuja, Ekpo said the NGVMS will ensure that only vehicles converted at accredited facilities with certified kits can access CNG at approved stations.

He noted that the system will provide end-to-end oversight, from conversion to refuelling, guaranteeing the safety of citizens and the integrity of Nigeria’s growing CNG ecosystem.

Ekpo described the initiative as a milestone under President Bola Tinubu’s Renewed Hope Agenda and the Decade of Gas Initiative, aimed at making CNG the affordable and sustainable energy choice for Nigerians.

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