Former President Olusegun Obasanjo on Sunday said his expectation amid his administration was to build up the country's normal gas for vehicles to utilize and diminish reliance on imported petrol.
Obasanjo said he gave out licenses to organizations in an offer to accomplish this,
including at this point, 50 for each penny of the vehicles in the nation ought to have been running on gas.
The previous President expressed these amid a graciousness visit by the administration of Nipco Plc to him at his Presidential Hilltop habitation in Abeokuta, Ogun State.
In 2006, the Obasanjo organization gave out licenses to three organizations, Nipco Plc, Contact Global and Global Steel, for the advancement of Compressed Natural Gas for vehicles.
Be that as it may, it was assembled that lone Nipco, which later went into an association with the Nigeria Gas Company to shape Green Gas Limited, had put fundamentally in the task from that point forward.
While responding to remarks by the Managing Director, Nipco, Mr. Venkataraman Venkatapathy, Obasanjo said, "When I gave the permit in my time, the thought was to utilize what we had and at this point, we could have put half of the considerable number of vehicles on gas."
Venkatapathy had before said the substitution of petrol by the CNG would spare Nigeria the tremendously required outside trade on importation of petrol.
He said, "The CNG is a better auto fuel elective than fluid powers basically petrol and diesel, particularly for nations like Nigeria, which is honored with bounteous (more than 186 trillion cubic feet) accessibility of regular gas that remaining parts undiscovered.
"To supplant 20 for every penny of the present petrol utilization of Nigeria, common gas required is under five for each penny of the aggregate residential gas expended as of now and short of what one for each penny of the present gas generation. Remote trade spared will be near $2bn."
As indicated by him, in Benin City, Edo State, more than 4,000 vehicles keep running on the CNG which brought about supplanting 20 million liters of petrol from 2012 to 2015 and forex funds of over $9m.
He said Green Gas had created nine operational CNG stations, with three stations under finishing and five under development.
A previous Special Assistant on Petroleum Resources to President Obasanjo, Dr. Muhammed Ibrahim, who was on the Nipco group, said, "I was one of the colleagues when President Obasanjo was in office in 2006 that started the full idea of advancement of gas for vehicles and different applications in the nation.
It was amid his administration that President Obasanjo granted three licenses to three organizations to put resources into the advancement and dispersion of Compressed Natural Gas for vehicular application in the nation.
"But since of the capital-concentrated and cutting edge nature of the undertaking, one and only organization today following 10 years has put a great many dollars in the task such that the whole Benin City is encompassed with a system of gas pipelines with around seven CNG corner stores giving the CNG to more than 4,000 vehicles.
He said the organization had built the biggest CNG station on the African landmass in Ibafo, Ogun State.
Source: PunchNg
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