News

Vehicle Owners To Pay N250,000 To Convert Cars To Autogas – FG

Vehicle Owners To Pay N250,000 To Convert Cars To Autogas – FG

 

 

 

 

The Federal Government has explained that vehicle owners in the country will pay N250,000 to convert their cars to autogas.

On Tuesday, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari had said one million cars are to be powered by Autogas free of charge.

But speaking on Channels Television’s Sunrise Daily on Wednesday, Justice Derefaka, Technical Adviser on Gas Business and Policy Implementation to Minister of State for Petroleum, Timipre Sylva, explained that vehicle owners will have different payment plans to covert their cars to autogas.

“The cost varies,” Derefaka said during the show. “So, in terms of cost implication, it depends on the cylinder of the vehicle and of course, for a typical SUV cylinder, it is a bit higher but on the average, it is around N200,000 to N250,000 and this is for a four-cylinder vehicle but it becomes a little bit higher for a six-cylinder SUV vehicle.”

Derefaka further explained that there will be different payment plans for car owners who want to convert their cars, reiterating that the conversion is not totally free.

“The owner of the car basically will decide to say I want to run on autogas or CNG or LNG and like the honourable minister had mentioned it as well, conversion basically, has different strands, you can partner with your bank and then the bank will now agree with the conversion centre to say ‘Convert this our customer’s car for free.’ Not free in its entirety,” he added.

Angela Davies

Recent Posts

Access Bank Debunks Allegations Of Missing Funds From Customer’s Account 

Access bank has debunked the allegations of missing funds from a customer’s account.    …

13 hours ago

Governor Okpebholo Appoints Sulaiman Aledeh As MD EBS

Governor Okpebholo has appointed Sulaiman Aledeh as the MD of Edo Broadcasting Service (EBS).  …

21 hours ago

Sterling, Aké Festival, Transform Lagos Into Dazzling Fusion of Culture, Art, Magic

Sterling and Aké Festival have transformed Lagos into a dazzling fusion of culture, art, and…

2 days ago

Jumoke Orisaguna Opens Up About Post-Fame Struggles

Jumoke Orisaguna has opened up about her post-fame struggles.   Glamtush reports that after years…

2 days ago

10 Historical Sites Every Traveler Should Visit

Travel isn’t just about seeing new places; it’s about connecting with stories from the past,…

2 days ago

Top Summary From Nigerian Newspapers For Saturday, November 23, 2024

The top summary from Nigerian newspapers for Saturday, November 23, 2024, can be accessed on…

2 days ago