FG Partners With Chinese Firm On CNG Vehicle Deployment

In a bid to deploy Compressed Natural Gas-powered vehicles across the country following the directive of President Bola Tinubu, the Federal Ministry of Petroleum Resources has met with officials of a Chinese company, Wen Advisor.

Recently, the President Tinubu has mandated all institutions of the Federal Government to henceforth procure CNG-powered vehicles, as part of measures to deepen the country’s gas usage, as well as cushion the effect of the high cost of petrol.

The Permanent Secretary, FMPR, Nicholas Ella, who received the delegation from the Chinese firm on behalf of the Federal Government in Abuja, stated that Nigeria offers huge business potential for investments in CNG-powered vehicles.

He explained that the investment opportunities in the use of natural gas were enormous, adding that this had received a boost following the directive of the President, according to a statement issued by his Personal Assistant, John Ameh, on Wednesday.

The statement read in part, “Ella explained that the President’s policy on gas infrastructure development tallies with global best practices in the use of cleaner energy for environmental sustainability."

Further speaking at the meeting, the Director, Upstream Department, Federal Ministry of Petroleum Resources, Kamoru Busari, informed the Chinese team that the Federal Government was ready to provide an enabling environment for their investment to thrive.

Earlier, the Managing Director, Wen Advisor, Haikuo Weng, noted that he was in Nigeria with his team to explore possible areas of investment in the CNG-powered vehicles project, according to the statement.

The statement explained that in an earlier letter of collaboration for what Weng called ‘Green Transportation Solutions,’ the Wen Advisor boss pledged to introduce CNG buses with competitive pricing.

With the aim to assist Nigeria in its energy transition efforts in the transportation sector, Weng noted that he was in the country to “assess the potential for establishing natural gas refuelling stations.”