Wednesday, October 21, 2020

Autogas plan to create 2 million jobs a year, says Sylva’s assistant

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Mr. Judge Derefaka, Technical Advisor, Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, says that the Federal Government’s autogas scheme will create two million jobs a year.

The Nigerian News Agency (NAN) reports that Derefaka made the claim on Saturday during a TEDx program on power and energy.

Derefaka said that the autogas scheme was initiated by the National Gas Expansion Program in collaboration with the Nigerian National Petroleum Corporation (NNPC) and other stakeholders with their technical and financial partners.

According to him, the goal was to introduce autogas as an alternative fuel for cars and other major engines in Nigeria, especially with the deregulation of Premium Motor Spirit (PMS).

He said; “The autogas scheme will be self-financed and self-sustaining, and converted vehicles can refuel at any available service station.

“Liquefied petroleum gas, compressed natural gas and liquefied natural gas autogas will be retailed at an affordable cost and will be available and accessible.

“The plan will create more than two million jobs per year and reduce carbon emissions.”

Derefaka said that as a facilitator, the Federal Government would secure the gas supply for the joint venture / product exchange contract scheme with the NNPC for wet gas processing in designated gas fields.

He said that the Central Bank of Nigeria had created a N250 billion intervention fund to mitigate funding constraints related to the acquisition of finance conversion kits.

Derefaka said that 9,000 stations had been identified for the autogas co-location across the country, while 46 NNPC-owned stations would be co-located by the end of 2020.

He added that 50 conversion centers were being upgraded for mass conversion and training.

Derefaka said that more than 30,000 vehicles were already running on dual fuels in Nigeria.

He said that autogas was cheaper, safer and cleaner than PMS (gasoline), adding that the plan had the potential to enhance Nigeria’s economic growth and development.

YAYA

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