Promotion of gas utilisation will save Nigeria forex — NGEP chairman

Dr Mohammed Ibrahim, Chairman, National Gas Expansion Programme (NGEP), says the promotion of gas as replacement fuel will save Nigeria the much-needed foreign exchange expended on importation of refined petroleum products.

The News Agency of Nigeria reports that Ibrahim made the assertion on Wednesday at a webinar on Gas as an alternative fuel for Nigerians.

It was organised by the Major Oil Marketers Association of Nigeria (MOMAN) in collaboration with Oil Trading and Logistics (OTL) Africa Downstream.

Ibrahim, represented by Dr Abner Ishaku, Programme Manager, Compressed Natural Gas (CNG) Utilisation, NGEP, said the President Muhammadu Buhari-led administration was committed to deepening gas usage in Nigeria.

He said : “The NGEP is a programme put in place by the Minister of State for Petroleum Resources, Chief Timipre Sylva , in furtherance of the domestic gas expansion programme of the current administration.

“The programme is designed to reinforce and expand domestic gas supply and stimulate demand in the country through the effective and efficient mobilisation and utilisation of all available assets, resources and infrastructure in the country.

”The deliverables of the programme include the development of a strong domestic gas-based economy by leveraging on the nation’s abundant gas potential.

“It includes promotion of gas as replacement fuel, which will also save the nation the much-needed forex expended on imported fuel and provide alternatives to Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK) for Nigerians.”

SOURCE: nnn.ng