The Edo State Government in Nigeria has announced a strategic plan to expand the adoption of Compressed Natural Gas (CNG) to mitigate the economic impact of rising fuel and transportation costs on residents. The initiative aims to provide an affordable alternative to petrol, addressing the growing burden of high energy prices within the state.
Hon. Andrew Momodu, the Commissioner for Oil and Gas Resources, stated that the government is actively engaging investors, CNG conversion operators, and petroleum marketers to develop a comprehensive energy framework. According to Momodu, investors have expressed readiness to support vehicle owners in converting their petrol-powered vehicles to CNG, with initial credit facilities being offered specifically to state civil servants.
To facilitate this transition, the state has established a registration platform for interested workers, and plans are currently underway to set up CNG stations across Edo State. Governor Monday Okpebholo has directed the ministry to pursue the development of these facilities, with the long-term objective of positioning Edo as a supply hub for other states in the region.
Momodu highlighted the state’s significant contribution to the national energy sector, noting that Edo accounts for approximately 37 per cent of Nigeria’s gas supply. He emphasized that the ministry is committed to unlocking this potential to translate natural resources into tangible benefits for the local population.
In parallel with the CNG expansion, the government has engaged petroleum marketers to address immediate fuel price concerns. Although there is no regulated pump price in the state, a benchmark has been established with marketers to discourage excessive pricing and encourage them to moderate profit margins in light of residents’ economic difficulties.
Addressing broader infrastructure concerns, Momodu acknowledged issues regarding bad roads and stated that the government has engaged the governor on rehabilitation efforts. He attributed delays in some construction projects to heavy rainfall, assuring residents that work would receive renewed attention once weather conditions improve.
<small>Source: The Sun Nigeria — read the original story there.</small>
