Verheijen says President Tinubu has Created a Transformed Environment for Efficiency with Transparent Incentives to Promote LNG, CNG

…FG has invested over $75 million to launch CNG systems to encourage cleaner energy usage.

 -Felix Douglas

Speaking at the opening ceremony of the Oil Trading and Logistics, Africa Downstream Energy Week, the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, was of the view that Nigeria boasts an oil and gas sector in operations for over 80 years, but the country has only captured about 4% since 2016.

Represented by Eriye Onagoruwa, she said President Tinubu’s administration has created a more transformed environment for efficiency and transparency with incentives to promote LNG and CNG equipment, as well as electrical vehicles.

The Federal Government has invested over $75 million in launching CNG systems to encourage cleaner energy usage.

“We are determined to provide a cleaner cooking option which comes with affordability.

Nigeria has the capacity to make refineries perform better through collaboration and these alliances are needed to change the outlook of the industry.

We must continue to have this conversation towards reshaping our oil and gas sector.”