Oil & Gas

Alternative fuel: MOMAN seeks special fund for vehicles’ conversion

Published

on


The Major Oil Marketers Association of Nigeria (MOMAN) on Wednesday urged the Federal Government to create a special fund to facilitate the conversion of more vehicles in the country from using petrol, otherwise known as Premium Motor Spirit (PMS), to autogas.


MOMAN’s Chairman, Mr Tunji Oyebanji, told the News Agency of Nigeria in Lagos that the move would deepen gas utilisation in line with the objectives of the National Gas Expansion Programme (NGEP).

Oyebanji said creating an alternative source of energy for Nigerians was imperative as the nation grapples with increasing PMS prices due to the deregulation of the petroleum downstream sector.

He said, “For a car to start using autogas, it requires conversion switch which costs over N100, 000. Government should make funds available to assist car owners who want to switch to autogas.

“The people doing the conversion will convert a certain number of cars and ask government for refund. Other countries have had deliberate policies to encourage use of gas and I know Bangladesh is one of them.”

According to him, government should look at the possibility of granting tax holiday to investors in gas facilities and also grant waiver on importation of gas equipment to accelerate the process.

He said that gas pricing should also be right to encourage switch by vehicle owners while domestic allocation to the market should be increased by the Nigeria LNG Limited (NLNG).

Oyebanji commended the government for inaugurating the NGEP chaired by Dr Mohammed Ibrahim, noting that it had already begun engagements with stakeholders,  including MOMAN.

“I believe that the programme will reform and implement the promotion of a market structure which would ensure the utilisation and development of gas infrastructure, assets and facilities on a common carrier and co-sharing basis.

“The ultimate goal is to deepen the use of gas across the country by promoting its advantages as a cheaper and cleaner alternative source of energy.

MOMAN supports the gas initiatives of the government and is keying into the autogas space to give Nigerians across the country a cleaner and greener alternative to power their automobiles, homes and other equipment.

“The idea of deepening the use of gas comes at a very auspicious time as we grapple with increasing PMS prices due to the deregulation of the petroleum downstream sector.”

Oyebanji said new policies on alternative energy, the total deregulation and liberalisation of the petroleum downstream sector and the coming on stream of new mega and modular refineries would be great for Nigeria.

He said that the country could quickly develop into the refining hub for West and Central Africa, becoming a net exporter of refined products.

Edited By: Oluwole Sogunle
Source: NAN

https://nnn.ng/alternative-fuel-moman-seeks-special-fund-for-vehicles-conversion/

Waste managers call for increased budgetary allocation to environmental sector NGO attributes social vices to broken homes 2020 Maltina School Games: Lagos Govt. rewards 37 students Coronavirus: Biden says Trump trusted less than Russia’s Putin, China’s Xi Up to 1,000 fans  to watch Italian Open Sweden’s statements on Navalny potentially breaching chemical weapons convention – Lavrov Visa Ban: Kogi government writes United States LCCI begins virtual edition of ICTEL Expo EU executive signs contract for up to 300m Covid-19 vaccine doses Optimal breastfeeding, complementary feeding will prevent malnutrition in children – UNICEF NDA to graduate 779 cadets Oct. 10 Ministry to intensify awareness on importance of ozone layer protection Businessman in court over alleged N1m job scam Fayemi tasks new Oluyin on community development Erdogan says saddened by Sarraj’s decision to step down Kano Fire Service saves 74 lives in 2 weeks Akran of Badagry, a symbol of tradition, culture — Lawmaker United States judge blocks Trump’s postal rules that could disrupt election Strike: Group urges FG to address health workers’ demands for masses’ interests Ondo Guber: Akeredolu’s aide resigns appointment ‘Hotel Rwanda’ hero says he was duped into coming to Rwanda, NYT reports Hamburg player who pushed a fan gets five-game ban, fine Coy seeks Oyo govt’s support on renovation of ancient Mapo Hall  United States democratic senators unveil $350bn funding package to counter China’s rise DPR warns IPMAN against exploitation Don urges councillors to maintain community presence China testing 11 COVID-19 vaccines, 4 undergoing stage 3 trials — Minister JOHESU strike paralyses health activities at UNTH Unilag ASUU advises FG on appointment of pro chancellors Military destroys illegal refineries, recovers stolen crude IGR: Ekiti Assembly calls for effective strategy to mitigate effects of COVID-19 Trump will not visit UN General Assembly during upcoming session – White House UN urges peacekeeping member states to pay contributions in full 2 men in court for allegedly robbing 7 of valuables NGO inaugurates recycling plant in Badagry,  LAWMA pledges support Man, 46, in court for allegedly impersonating police officer Court dissolves 17-year-old marriage over threat to life China’s female peacekeepers promote gender equality, women’s rights – official Oil rises after OPEC warn members to stick to quotas Troops eliminate 16 terrorists, arrest 11 in N/E in 1 week – DHQ Somali president appoints new prime minister Man in court over alleged N50m fraud Man seeks divorce of 13-month-old marriage over alleged deception Climate change plays a role in United States fires, climate expert says COVID-19: Nasarawa Govt. sets up committee on schools reopening  UN investigator on Belarus warns of another ‘iron curtain’ Edo 2020: Youth group tasks stakeholders on peaceful election Police foil robbery attack in Niger Accident claims 1 in Anambra – FRSC NAF distributes medical oxygen cylinders to FCT isolation centres