News

Nasarawa finds solution to fuel price hike

Nasarawa finds solution to fuel price hike

…As Governor approves site for LNG facility

In what is seen as a bold move towards replacing petrol with natural gas, Nasarawa State Governor, Abdullahi Sule has performed the groundbreaking for a two million dollars LNG and L-CNG facility in Shabu area of Lafia, the state capital.

Sule performed the groundbreaking ceremony for Greenville LNG and L-CNG facility, on Wednesday.

In a speech during the event, the Governor expressed optimism that Greenville, owned by private investors, is bringing alternative and cheaper energy sources, especially at a time when the cost of petrol is soaring higher following the removal of fuel subsidy by the Federal Government.

He expressed hope that the gas project will lead to the conversion of petrol engine to gas, especially for heavy-duty trucks as well as smaller vehicles such as commercial motorcycles.

According to the Governor, “we came in and met two situations on ground.

“The first situation is that a lot of land have been bought by investors who were looking for certificate of occupancy in order for them to be able to go and raise money from the banks in order to expand the businesses and employ our people but they didn’t get it.

“Secondly, we had a lot of people, indigenes of Nassarawa State that have bought so many lands and were waiting for certificates so that they can be able to access small loans here and there and to be able to carry on their businesses but they couldn’t get.

“That is the reason why in the past four years, I spent sleepless nights in checking the documents and signing the certificates so that our people will be able to go about their businesses.

“These are the two basic reasons driving me to sign these certificates. In fact, this particular certificate that I gave right now, I only signed it yesterday along with 300 other certificates,” he stated.

Sule spoke on how his administration went through a lot to sign an agreement with the Nigerian National Petroleum Corporation Limited (NNPCL) for the effective utilization of the available gas resources in the State.

“We had a summit that attracted companies like Greenville to come in and see the opportunities that we have in Nasarawa State.

“We had the various agencies, we had what we call the Ease of Doing Business for these various MDAs to come together to understand that to attract investment you need to be able to provide the environment that is there,” he added.

On his part, the Managing Director of Greenville LNG, Ritu Sahajwalla, who was represented at the event by the Director of Administration of the company, Joseph Oyadoyin, pointed out that the project will further crystalize the industrialisation drive of Governor Sule as it will bring more in investment to the State.

“Our project will bring numerous benefits to the host community, starting with the creation of employment opportunities. We understand the importance of job creation and economic empowerment, and we have tried to contribute to the further crystallisation of investments in this area,” the MD said.

Sahajwalla said the recent derrugulation of the petroleum industry has emphasised the urgent need for alternative and cleaner energy sources, with the timing for his company’s LNG and L-CNG apt as it provides a solution to the high petrol prices that is burdening the common man, ensuring stability and affordability of gas.

“You can convert your small generator. You can use the LNG to power it. Then your vehicle that is using petrol based on the capacity, through conversion kit, you can use LNG to power the vehicle,” he added.

Sahajwalla disclosed that the company will establish another facility in Karu Local Government Area after the completion of the first project in Lafia.

Earlier, in a welcome address, Managing Director/CEO, Nasarawa Investment Development Agency (NASIDA), Ibrahim Abdullahi, said the two million US dollars investment by Greenville LNG is the first of its kind in the North Central region of the country and has 23 metric tonnes capacity of LNG and 1,500 SCM of L-CNG.

Abdullahi added that the project will usher in the introduction of LNG and LCNG usage for heavy-duty trucks as well as smaller vehicles such as automobiles and Keke NAPEP in the region as fuel prices has skyrocketed since the removal of fuel subsidy by President Bola Ahmed Tinubu in May.

He said, “Nigeria is a gas producing country distracted by oil production. Today, with the groundbreaking of this facility, you are ushering in the development of a major facility that will help in promoting clean energy and add up to Nigeria’s quest for a just energy transition.”

Related Posts

Head of Service Says 1,618 Civil Servants Got Employed with Fake, Illegal Letters

Faith Maji's Blog

Perm Sec Urges EPO Staff to Rededicate Themselves to Exemplary Service Delivery

Faith Maji's Blog

Insecurity: Senate Urges Buhari to Send Fighter Jets to Flush Out Terrorists

Faith Maji's Blog

Buhari Greets Adeduntan, Vet. Doctor, First Bank MD on Honor by Cranfield University

Faith Maji's Blog

FG’s Ecological Project Office Battle Proofs Kano against Environmental Disaster

Faith Maji's Blog

FIIRO’s Day @2023 STI EXPO: Minister Commends DG, Says Reasons for Establishing Institute Justified

Faith Maji's Blog

FCT Police burst kidnappers hideout, arrest suspects 

Faith Maji's Blog

Osinbajo, Stakeholders to Grace Ground-Breaking of NASENI Solar Cell Production Plant in Nasarawa

Faith Maji's Blog

Katsina Govt commences distribution of fertilizers to farmers at subsidized rates

Faith Maji's Blog

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.