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Tag: CNG

FG waives VAT on CNG, sets up conversion centres
Oil and Gas

FG waives VAT on CNG, sets up conversion centres

The Federal Government said on Friday that 7 CNG conversation centres have been established in the country through the Presidential Compressed Natural Gas Initiative Steering Committee. The Times reported that the Chairman of the Committee, Mr Zacch Adedeji, made this known during the commencement of the much-anticipated CNG initiative with the handing over of two CNG buses […]

FG waives VAT on CNG, sets up conversion centres
Oil and Gas

Why Nigerians substitute petrol for CNG – Association

The Nigerian Gas Association has advocated for the use of compressed natural gas as a substitute for premium motor spirit or petrol. According to The Punch, the association claimed CNG is 15% cheaper compared to petrol. This was said by the association’s president, Akachukwu Nwokedi, at a press conference in Lagos. He declared, “The Federal […]

Business

Experts express concern over cost of CNG vehicle conversion

Some experts in the oil and gas business have raised worry that the expense of converting automobiles to run on compressed natural gas may be prohibitively expensive for many Nigerians. The Times reported that experts indicated that in order to entice Nigerians to use CNG as a substitute for petrol, the government may need to subsidize […]

No customs duty, VAT on CNG conversion kits imports- Presidency
News

No customs duty, VAT on CNG conversion kits imports- Presidency

The importation of compressed natural gas conversion kits into the country is exempt from both customs duties and value-added taxes. This was expressed by the president’s special adviser on media and publicity, Ajuri Ngelale, in an interview that was broadcast on Channels Television on Friday night. He claimed that this is being done to increase the country’s […]

NNPCL okays CNG usage for Nigerians
Oil and Gas

NNPCL okays CNG usage for Nigerians

The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, has stated that the CNG deployment would be completed by the first quarter of 2024. He made this comment in a video that the NNPCL shared on important details that Nigerians should be aware of in light of the organization’s most recent deal with Nipco […]

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