The Federal Government of Nigeria has issued a warning to marketers who are allegedly exploiting consumers amidst rising prices of Compressed Natural Gas (CNG). Minister of State for Petroleum Resources, Ekperikpe Ekpo, made these remarks during an inspection of CNG infrastructure in Kano.
This inspection precedes the commissioning of the Abuja-Kaduna-Kano AKK Pipeline and the opening of two new CNG daughter stations capable of servicing over 2,500 vehicles and 50 trucks each day.
Ekpo emphasized that those profiting from the increasing prices by charging consumers the same rates as petrol users should expect serious repercussions. He stated that the government aims to significantly increase the availability of CNG stations to meet rising demand and encourage more adoption among drivers.
In addressing concerns regarding the accessibility of funds for CNG infrastructure development from the Midstream and Downstream Gas Infrastructure Fund, Ekpo challenged critics to provide evidence for their claims, asserting that those who meet the necessary criteria have successfully obtained financing.
