If you are a vehicle owner wishing to convert your vehicle from petrol to Compressed Natural Gas (CNG), then the President Bola Tinubu-led government has good news for you.
Now, vehicle owners can easily convert their petrol-powered vehicles to CNG with the ‘convert now and pay later’ portal launched by the government.
This new portal will enable Nigerians to convert their petrol-fueled vehicles to CNG, with the option to defer payment for the conversion expenses.
This information was shared in a statement by the National Orientation Agency (NOA) via its official X account on Tuesday.
Petrol Vs CNG
The government noted that this payment scheme is designed to enable drivers to undertake vehicle conversions immediately while repaying the costs in manageable monthly installments at competitive rates.
The agency wrote: “Switching to Compressed Natural Gas (CNG) is now more accessible than ever. With flexible payment plans tailored to fit your budget, transitioning from petrol to CNG has never been smoother or more affordable.
“These payment options allow you to convert your vehicle now and pay later with affordable monthly installments at competitive rates.
Also Read: FG Removes VAT On Diesel, CNG, Others To Crash Prices
“With an easy online application and quick approval process, you’ll receive support every step of the way to ensure a hassle-free experience.”
CNG Expansion
This latest development reflects the government’s commitment to expanding CNG conversion centres nationwide through the Presidential CNG initiative.
In the past six months, conversion centres have been established in the Federal Capital Territory, Abuja, as well as in Ogun, Ekiti, Nasarawa, and several other states.
The Federal Government aims to convert 1 million vehicles by the year 2027.
Officials and experts are of the opinion that the CNG initiative is expected to lower road transportation expenses.
This initiative comes at a time when Nigerians are facing increased transportation costs, with fuel prices rising to between ₦950.22 and ₦1,100 per litre.