CNG: FG Opens Portal for Nigerians To Convert Cars and Pay Later for Cheaper N230 Fuel

CNG: FG Opens Portal for Nigerians To Convert Cars and Pay Later for Cheaper N230 Fuel

  • The Federal Government has opened a portal for Nigerians to apply to convert their vehicles from petrol to CNG
  • The portal offers flexible payment options for Nigerians with affordable monthly instalments and a quick approval process
  • The government hopes that CNG will solve the current high fuel prices experienced across the country

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Federal Government has launched an application portal for Nigerians to convert their vehicles from Premium Motor Spirit, also known as petrol, to Compressed Natural Gas.

Fuel prices in Nigeria
CNG is the cheaper alternative fuel price Photo credit: @PCNGInitiative
Source: Getty Images

The National Orientation Agency, in a statement titled “Payment Plan to Make it Easier to Switch to CNG,” announced that Nigerians can apply via the portal to convert their vehicles to CNG and spread payments through monthly instalments.

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The statement noted that there are flexible payment options and assured applicants of support throughout the process with chances of quick approval.

NOE message reads:

“Switching to Compressed Natural Gas is now more accessible than ever. With flexible payment plans tailored to fit your budget, transitioning from petrol to CNG has never been smoother or more affordable.
“These payment options allow you to convert your vehicle now and pay later with affordable monthly instalments at competitive rates. With an easy online application and quick approval process, you’ll receive support every step of the way to ensure a hassle-free experience.
“The benefits of CNG include cost savings, environmental impact, enhanced engine life, safety and reliability, proven technology with a track record of safety and dependable performance.”

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The NOA has asked interested Nigerians to visit the website gocng.ng to make the applications.

NNPC unveils six new locations for CNG

In related news, Legit.ng reported that NNPC Ltd urged Nigerians to switch to Compressed Natural Gas (CNG) for cheaper alternative fuel priced at N230 per litre.

The NNPC has ramped up efforts to expand the availability of CNG at its filling stations nationwide amid rising petrol prices.

The company said CNG stations are now available in Abuja at Gaduwa, Wuse, Gudu, Dei Dei, Ushafa, and Gwagwalada.

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Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.