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    Home - MarketForces News - FG to Establish Natural Gas Park at Ajaokuta Steel Coy
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    FG to Establish Natural Gas Park at Ajaokuta Steel Coy

    Marketforces AfricaBy Marketforces AfricaMarch 26, 2024Updated:March 26, 2024No Comments2 Mins Read
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    FG to Establish Natural Gas Park at Ajaokuta Steel Coy
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    FG to Establish Natural Gas Park at Ajaokuta Steel Coy

    The Federal Government says it will establish a Compressed Natural Gas (CNG) park at the Ajaokuta Steel Company in Kogi. The Minister of Steel Development, Prince Shuaibu Audu, disclosed this in a statement issued by his Special Assistant on Media, Mrs Lizzy Okoji, on Monday in Abuja.

    Methane makes up the majority of CNG, which is mainly used as an alternative fuel for automobiles. It is compressed to less than one per cent of the volume it occupies at standard atmospheric pressure.

    President Bola Tinubu approved the establishment of the Presidential CNG Initiative (Pi-CNG) on Aug.18, 2023, as part of his palliative intervention aimed at cushioning the difficulties faced by Nigerians due to the removal of fuel subsidies.

    The initiative aims to revolutionise transportation by deploying over 11,500 new CNG-enabled vehicles and providing 55,000 conversion kits for existing PMS-dependent vehicles.

    It is also dedicated to reducing reliance on fossil fuel and actively contributing to a cleaner and healthier environment in Nigeria through the use of CNG-powered vehicles. The minister said that the initiative was part of the President’s ‘Renewed Hope Agenda’ to address the plight of Nigerians.

    “This goes to demonstrate the commitments of the president to easing the plights of citizens as a result of the removal of fuel subsidies.

    ”We are also joining the rest of the world in transiting towards green, sustainable, and cost-effective sources of energy.

    “As stakeholders in P-CNGi, the Ministry of Steel Development also has plans for a proposed CNG park within the territories of Ajaokuta Steel Company Ltd (ASCL).

    “The CNG Park to be located in ASCL will benefit from existing infrastructure, like the natural gas line from Warri to Ajaokuta, the Metallurgical Training Centre. Among other things, there are the 10,000 housing estates in the Ajaokuta area and the engineering workshops,” he added.

    Audu also commended the Nigerian Army for inaugurating CNG vehicles for its operations under the Auto Switch Kick-off Pilot Programme, powered by the P-CNGi. He urged other organisations to adopt the technology for its cost-effectiveness and for promoting a sustainable, healthy environment.

    The minister had said in February that the ministry would launch a three-year road map that entails the reviving of 44 different production units of the steel company in piecmeal through its concession to investors. #FG to Establish Natural Gas Park at Ajaokuta Steel Coy

    Ajaokuta CNG Steel
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