NIPCO Gas Limited, a major player in the nation’s Autogas industry, in collaboration with Femadec Express, a compressed natural gas (CNG) powered mass transportation and logistics service company, have announced plans to convert 10,000 vehicles to CNG powered by 2023.
The move according to NIPCO was aimed at deepening the Federal Government’s Autogas policy which was launched by President Muhammadu Buhari in December 2020.
A statement by the Assistant General Manager (AGM) Corporate Affairs, NIPCO Plc, Mr. Taofeek Lawal, disclosed that both companies recently entered into a partnership that would see Femadec Express leverage on NIPCO Gas capacity and AutoCNG distribution network in several states of the country.
“Within the next year, NIPCO Gas plans to hit an enviable record of converting 10,000 vehicles in several locations. In Partnership with NNPC/NGMC, NIPCO Gas Limited is expanding its Vehicle CNG retail stations all across Nigeria with the addition of 45 stations adding that the e project is expected to be completed within FY 2022. As Femadec plans to expand its fleet to 100 buses in 2022 and to expand its route to other regions of Nigeria, NIPCO Gas is also tailoring its operation and infrastructural expansion to align with Femadec,” Lawal said.
According to him, Nigeria is blessed with an abundance of domestic natural gas and with over 200 Tcf in proven Gas reserves made up largely of associated gas. He said that this was expected to hit 600 Tcf as more deliberate gas explorations are undertaken.
“There are over 12 million vehicles in Nigeria that run on petrol and diesel, and less than 10,000 have been converted to NGV. As such, there is so much room to grow,” he explained.
Source: NIPC