The Nigerian National Petroleum Company Ltd has announced that it recently commissioned 12 new Compressed Natural Gas stations.
The Federal Government in March set 2027 as the year when at least one million vehicles in Nigeria will run on CNG. The call was made by the Chief Financial Officer of NNPCL, Mr. Umar Ajiya, at the ongoing 23rd Nigeria Oil Gas Conference and Exhibition in Abuja on Wednesday. He listed the passage of the Petroleum Industry Act and the recent enactment of three Executive Orders in the sector by the President as practical steps by the Federal Government to provide fiscal incentives required to attract investment.
NNPCL spokesman, Olufemi Soneye, in a statement, said it is in a move towards increasing Nigeria’s crude oil production and growing its reserves.
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