Nigeria will save about $2.5 billion yearly from every one million vehicles powered by compressed natural gas (CNG), the Federal Government has disclosed.
This is even as the government disclosed that CNG adoption will also reduce the pressure on foreign reserves and improve the value of the naira.
These disclosures were made by Michael Oluwagbemi, Programme Director and Chief Executive Officer of the Presidential CNG Initiative (P-CNGi) at the South-South stakeholders’ engagement meeting on the CNG initiative, held in Port Harcourt, Rivers state recently.
