July 25, 2024
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Arewa Marketers Partner NNPCL, Foreign Investors for CNG Devt

The Arewa Oil and Gas Marketers Association (AROGMA) says it has concluded plans to invite foreign companies to invest in the domestic gas utilisation value chain, especially in the Northern part of the country.

The Peoples Gazette reports that AROGMA chairman, Bashir Dan-Mallam, disclosed this at a press conference in Kano on Saturday.

Mr Dan-Mallam said with the active support of the Nigeria National Petroleum Company Limited (NNPCL), AROGMA is set to invite companies from Qatar, Turkey, Germany, and India to establish gas facilities in Nigeria.

He said “Nigerians, especially Northerners, are set to witness an energy transition and alternative energy from Premium Motor Spirit (PMS), otherwise known as petrol, to Compressed Natural Gas (CNG) if the invited foreign companies come on board.”

The chairman noted that the project would be a great achievement for Nigeria and another milestone in the country’s development, especially in the Northern region.

He also noted that the development would ease the biting economic hardship, especially in Northern Nigeria, occasioned by the removal of fuel subsidy.

Mr Dan-Mallam also commended the effort of the NNPCL management and its encouragement to industry players.

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