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FG Urged to Address Challenges in Autogas Policy

By Bennett Oghifo Players in the nation’s energy sector have said advised the federal government to address inherent challenges as it relies on intervention by the Central Bank of Nigeria to implement the National Gas Expansion Programme and National Autogas Roll-out Initiative. Recently, the CBN introduced a N250 billion intervention fund under the National Gas Expansion Programme, Minister of State for Petroleum Resources, Timipre Sylva, had disclosed that the government would work with the Central Bank of Nigeria (CBN) to ensure full implementation of the Auto Gas Policy. CBN had, in gas policy framework, said low level of investment was hindering domestic gas consumption, adding that the would stimulate production and utilization of Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) as clean alternative sources .

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Investegate |Chariot Limited Announcements | Chariot Limited: 2020 Final Results
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