The Presidential Compressed Natural Gas Initiative has said that it had invested more than 450 million U.S Dollars in the Compressed Natural Gas, CNG, value chain.

The Project Director and Chief Executive Officer, CEO, Presidential Compressed Natural Gas Initiative, MICHAEL OLUWAGBEMI, disclosed this during the 9th Edition of the Nigeria Energy Forum, NEF2024, Day 2, Virtual Event in Lagos.

According to the PCNGi CEO, the amount goes into things like mother stations, daughter stations and refueling stations as well as conversion centres which are starting to spring up across the nation.

He said the council had started campaigns to sensitize Nigerians on the advantages of using CNG to power their vehicles.