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TIMIPRE SYLVA
The Minister of State for Petroleum Resources said that a critical mass of vehicles needs to be converted to use gas to achieve the desired impact in the country.
The FG is expected to earn up to $600 million from payments by bid winners of marginal oil fields.
Sylva has stated that Nigerians can hold him accountable for every cent spent in rehabilitating the Port Harcourt refinery.
The FG has disclosed that one million petrol cars will be converted to gas at no cost.
The Minister has clarified that the new PIB seeks to commercialize the NNPC rather than scrap it.
FG is finding ways by which gas will become the preferred fuel for cars instead of petrol.
The Minister noted that the removal of fuel subsidy will save Nigeria up to a trillion every year.
The FG said it will protect Nigerians who can’t afford to pay cost-reflective tariffs from increases.
Autogas to be dispensed into automobiles are Liquefied Petroleum Gas, Compressed Natural Gas, others.
The codes were introduced in a bid to deepen the embrace, acceptability, and utilization of gas.
LPG penetration nationwide would help the country reach its supply for the LPG value chain.
The Minister said it was unrealistic for the government to continue with the subsidy regime.