Minister of State for Petroleum Resources, Timipre Sylva, on Monday, 14th September 2020, said the Federal Government will from October begin converting the cars and generators of Nigerians to run on gas.
Timipre Sylva, disclosed this on NTA’s ‘Good Morning Nigeria’ on Monday, September 14, said the move to cushion the effect of the hike.
While noting that this will be done free of charge for all Nigerians, Sylva added that the government’s actions would reduce carbon emissions.
The minister went on to note that the conversion will also demand for petrol since cars are capable of running on both gas and premium motor spirit.
Sylva further explained that the government will encourage Nigerians to convert their cars to dual-fuel since gas is cheaper. The government is going to monitor the process.
He said: “We are going to convert ‘I better pass my neighbour’. So, you will have a situation where in your house, your gas cylinder will be connected to your generator and cooker. So, you don’t need any other fuel apart from gas to run your generators.
“It will become cheaper and cleaner. Of course, our carbon emissions will actually reduce and we are expecting to gain some money from climate change (sic) for reducing our carbon emission.
This is going to be a policy direction that will create a lot of opportunities.”
MBB recalls that the Pipelines and Product Marketing Company (PPMC) on Wednesday, September 2, said that the price of premium motor spirit popularly known as petrol has been increased to N162.56 per litre.
The disclosure was made in a memo released by PPMC and signed by D.O Abalaka, adding that the price takes effect from September 2.
Meanwhile the federal government, through the PPPRA has taken its hands off from fixing prices for petrol.
This came after the PPPRA’s executive secretary, Abdulkadir Saidu, on Tuesday, September 8, announced that from now on, factors that will determine the retail price of the product will be influenced by demand and supply and the global market.
Speaking on behalf of Saidu, Victor Shidok, PPPRA’s general manager for administration and human resources, said that in order to prevent abuse of the government’s consent, the agency will remain the regulator for marketers.
In other news, the Nigeria Labour Congress (NLC) berated the federal government for arguing that the petrol price in the country is the cheapest all over Africa.
The NLC chairman, Ayuba Wabba, speaking on Tuesday, September 8, called out Lai Mohammed, the minister of information and culture who made the arguement.
Wabba noted that Mohammed opposition is baseless considering the fact that the minimum wage is just N33,000 with the constant devaluation of the naira compared to the increased value of other African currencies.