The Minister of State for Petroleum Resources, Timipre Sylva says that plans are ongoing by the Federal Government to expand the use of Compressed Natural Gas (CNG) in order to stop subsidy payment.
Sylva made this known while briefing newsmen in Abuja on Wednesday.
News Agency of Nigeria (NAN) reports that CNG is a fuel that can be used in place of gasoline, diesel fuel and liquefied petroleum gas (LPG).
CNG
He said that
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Sylva said that payment of subsidy on petrol was taking a toll on the finances of the country, adding that the government was working toward encouraging Nigerians to use CNG as fuel for transportation.
The minister of state noted that government had over the years done a pilot scheme on CNG in Benin City, and it had proven that it would go a long way in serving as an alternative to fuel if expanded to the entire country.
According to him, while PMS at
“We will start very soon to roll out. Already, there is a pilot
About 4,000 vehicles are already on CNG in Benin.
“We want to expand that CNG
Sylva said that the Ministry would focus on two key areas in 2020 to help in the
He said that
According to him, the country is currently
“Few years ago, we produced more than two million barrels per
The United Arab Emirate used to produce 2.7 million bpd but today, they have moved to four million per day.
“We have gone back, today, according to OPEC report, we are producing 1.774 million bpd. You can see the need for us to move forward and that is actually the mandate of President Muhammadu Buhari
He added that the ministry would ensure
The minister of state said that the ministry would also in 2020 focus on tackling the insecurity challenge around oil and gas facilities in the country.
“Crude oil theft is being
“Our recommendation will be use of technology, community participation, Engagement of Petroleum Technology Institute (PTI) and infrastructure development in the Niger Delta region among others,’’ he said.
(NAN)
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