From Isaac Job, Uyo
The Presidential CNG initiative (P-CNG) has struck a partnership deal with an indigenous firm – NSIK motors to float conversion and training centre to facilitate conversion of vehicles to compressed Natural Gas in Akwa Ibom state.
Nsik Oil and Gas Company Limited, an indigenous firm in Nigeria and one of the premier beneficiaries of the Midstream and Downstream Gas Infrastructure fund selected with five other companies as a catalyst for investment to bridge the gaps in the gas value chain for financing and delivery of critical projects.
Speaking during the execution of the MoU in Uyo Akwa Ibom state capital at the weekend, the coordinator of the Presidential Compressed Natural Gas Initiative Engr Michael Oluwagbemi said adoption of CMG is necessary step towards diversifying tge transportation sector from depending on petroleum products.
Oluwagbemi who was represented by the Head of Commercial Coker Tosin said this initiative is designed to support the government’s CNG program and alleviate the financial impact of fuel subsidy removal by lowering transportation expenses.
While flagging off the CNG incentives in the state, the coordinator of the initiative explained that the inauguration was a pilot project, bringing about a new benchmark for CNG vehicle conversion and training in Akwa Ibom State.
“The Presidential CNG Initiative (Pi-CNG) is part of the relief measures from President Bola Ahmed Tinubu’s government to assist the public facing the challenges following the removal of the fuel subsidy by the Federal Government of Nigeria.”
Oluwagbemi emphasized that the CNG centre represents a pathway to a more environmentally sustainable and economically thriving future for Nigeria.
Responding , the chairman of Nsik Oil and Gas Limited, Mr. Nsikan Johnny, an entrepreneur and founder of Nsik Group of Companies, encouraged Nigerians to view the conversion of vehicles to CNG as a big relief, confirming his commitment to promoting clean energy based on sustainability and integrity.
He assured the citizens of other stations across the state even as he emphasised the company’s landmark development of a 10MMSCF of Compressed Natural Gas Mother Station to be commissioned in Esit Eket Local Government Area of the state.
“We shall commence training of indigene of our state here immediately, and as Partners of the PCNGI, we shall consolidate on our value chain infrastructure in the gas industry to drive this initiative” he added.
“As a focused player in the industry, our immediate strategy is to provide relief to Akwa Ibom people and Nigerians in general, as we aim to establish three mobile dispensers within the next six months and utilise mobile systems to transport CNG to power vehicles in the meantime that could enhance operations, which will evolve into mother-and-daughter stations across the state.” He said .
