Federal Govt invests $450 million in compressed natural gas initiative.

The Federal Government of Nigeria has invested $450 million in compressed natural gas (CNG) as part of its efforts to promote the energy sector, according to Minister of Petroleum Resources Ekperikpe Ekpo.

The Federal Government of Nigeria has made a significant investment in compressed natural gas (CNG), committing $450 million to the sector, according to Minister of Petroleum Resources Ekperikpe Ekpo. This development marks a substantial step forward for the country's transition towards cleaner energy sources and more sustainable fuel options. The government's investment in CNG is part of efforts to diversify the economy and reduce reliance on fossil fuels.