The Federal Government has said it will establish a Compressed Natural Gas (CNG) park at Ajaokuta Steel Company in Kogi state
The Minister of Steel Development, Prince Shuaibu Audu disclosed this in a statement issued by his media aide, Lizzy Okoji, on Monday. March 25, in Abuja.
Audu said the initiative is part of President Bola Tinubu’s Renewed Hope Agenda to alleviate the hardships faced by Nigerians and contribute to the worldwide quest for energy transition.
Recall that following the removal of fuel subsidy, President Bola Tinubu approved the establishment of the Presidential CNG Initiative (Pi-CNG) in August 2023, as part of his palliative intervention aimed at cushioning the difficulties faced by Nigerians.
The minister said; “This goes to demonstrate the commitments of the president to ease the plights of citizens as a result of the removal of fuel subsidy.
“And to join the rest of the world in transitioning towards green, sustainable, and cost-effective sources of energy.
“As stakeholders in P-CNGi, the Ministry of Steel Development also has plans for a proposed CNG park within the territories of the Ajaokuta Steel Company Ltd (ASCL).
“The CNG Park to be located in ASCL will benefit from existing infrastructure, like the natural gas line from Warri to Ajaokuta, the Metallurgical Training Centre.
“The engineering workshops, and the 10,000 housing estates in Ajaokuta environs, among other amenities.”
