Home West Africa Nigerians switching over to gas to beat high fossil fuel prices

Nigerians switching over to gas to beat high fossil fuel prices

33

(3 minutes read)

Nigerians are preparing to switch over to alternative sources of energy like compressed gas (CNG) and Liquefied Natural Gas (LPG) to get over the fuel crisis the country is facing now. Nigerians are increasingly switching over to gas

Nigerians are preparing to switch over to alternative sources of energy like compressed gas (CNG) and Liquefied Natural Gas (LPG) to get over the fuel crisis the country is facing now. Nigerians are increasingly switching over to gas. The government is also keen that more people use gas replacing fossil fuel as the country has considerable gas reserves.

It is estimated that Nigeria has a gas reserve of 200 trillion cubic feet, according to the Africa Energy Chamber (AEC). Its current level of production (2022) is 1,780 billion cubic feet (bcf).

Nigeria has started investing in gas in a big way.  Nigerian Independent Petroleum Company (NIPCO) Plc has commenced massive investments to tap natural gas. It has also started creating more facilities to ensure access to gas for people.  Gas filling stations are coming up in different places in cities, like  Lagos, Benin, Ajaokuta, Okene, and Abuja. Switching over to gas can lead to reducing carbon footprint in the country, apart from enabling citizens to access cheaper fuel.

The CNG has a cost advantage over fossil fuels. Challenges abound in tapping gas. Apart from the large investments needed, there is the need for retrofitting vehicles. Also, gas filling stations have to be created across the length and breadth of the country.

Read Also:

https://trendsnafrica.com/the-energy-transition-access-facility-for-africa-launched-in-nigeria/

https://trendsnafrica.com/panic-fuel-buying-in-nigeria-as-subsidy-being-scrapped/

https://trendsnafrica.com/aliko-dangotes-oil-refinery-commissioned-nigeria-pins-hope-to-meet-its-oil-requirements/

Trade unions are also supporting the government in the switch over to alternative sources of energy. The largest trade unions – the Nigerian Labour Congress (NLC) and the Petroleum Manufacturers Association of Nigeria (IPMAN) are supportive of the government’s move.