Amb Ihemadu
Ambassador Dr Tim Ihemadu has been appointed Member of the National Gas Expansion Programme (NGEP)/ALGON Technical Working Group(TWG).
The NGEP is a program by the Central Bank of Nigeria (CBN), to develop Nigeria as a gas-based industrial nation.
The program’s objectives include promoting the use of natural gas.
It aims to make Compressed Natural Gas (CNG), the preferred fuel for transportation and Liquefied Petroleum Gas (LPG) the preferred fuel for cooking, power, and small industrial complexes.
Another objective of the program is the development of gas-based industries with the aim of developing industries that support large industries, such as agriculture, textiles, and industrial applications.
The NGEP’s other objective is to improve access to finance, which entails improving access to finance for private sector investments in the domestic gas value chain.
Stimulating infrastructure investments is another objective of the program. The aims to stimulate investments in infrastructure to optimize domestic gas resources.
The NGEP’s Autogas Scheme includes Implementing Autogas retail outlets; Promoting the co-location of Autogas outlets and; Supporting the deployment of conversion kits for trucks and smaller vehicles.
Already, the program has led to increased collaboration between the federal and state governments and the private sector.
