The founder of Portland Gas Ltd., Mr Folajimi Mohammed, says the conversion price for automobiles from petrol or diesel to Compressed Natural Gas (CNG) vehicles depends on its engine’s capacity.
Mohammed told newsmen on the sideline of the ground-breaking ceremony of Portland Gas Green Park on Wednesday in Lagos.
He explained that currently, the exact price cannot be determined because the prices vary, based on the size of the engine.
Regarding the capacity of the centre, Mohammed said that approximately 25 vehicles could be converted per site, per day, depending on the availability of technicians.
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The chief executive officer said that the conversion process could be expedited by establishing a framework for specific car model.
Mohammed highlighted the affordability of CNG, following the removal of fuel subsidies, stating that it falls within the price range of N270 to N300 per kilogram.
This, he maintained, remained cheaper when compared to using petrol and diesel.
In addition to cost savings, he noted that the use of CNG contributed to reducing greenhouse emissions, lessening pollution, and providing enhanced safety during collision incidents.
Mrs Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, emphasised that the Green Gas Initiative would mitigate the impact of fuel subsidy removal.
Verheijen, who was represented by Mrs Erije Onagoruwa, a financial literacy expert, expressed the commitment of the Nigerian government to promoting cleaner and more efficient energy alternatives.
Verheijen said that the usage of CNG could result in a minimum of 40 per cent savings compared to traditional fuels. (NAN)
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