• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria to establish natural gas park at Ajaokuta steel coy

Ajaokuta

The Matters Press by The Matters Press
March 26, 2024
Reading Time: 2 mins read
0
Firms bid for Ajaokuta steel

Abuja, March 26, 2024: The Federal Government has resolved to establish a Compressed Natural Gas (CNG) park at the Ajaokuta Steel Company in Kogi.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

The Minister of Steel Development, Prince Shuaibu Audu, disclosed this in a statement issued by his Special Assistant on Media, Mrs Lizzy Okoji, on Monday in Abuja.

The CNG is mainly composed of methane and primarily used as a substitute fuel for powering vehicles.

It is compressed to less than one per cent of the volume it occupies at standard atmospheric pressure.

President Bola Tinubu approved the establishment of the Presidential CNG Initiative (Pi-CNG) on Aug.18, 2023, as part of his palliative intervention aimed at cushioning the difficulties faced by Nigerians due to the removal of fuel subsidy.

The initiative aims to revolutionise transportation by deploying over 11,500 new CNG-enabled vehicles and providing 55,000 conversion kits for existing PMS-dependent vehicles.

It is also dedicated to reducing reliance on fossil fuel and actively contributing to cleaner and healthier environment in Nigeria through the use of CNG-powered vehicles.

The minister said that the initiative was part of the President’s ‘Renewed Hope Agenda’ to address the plight of Nigerians.

“This goes to demonstrate the commitments of the president to easing the plights of citizens as a result of the removal of fuel subsidy.

”We are also joining the rest of the world in transiting 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.

“There are also the engineering workshops and the 10,000 housing estates in Ajaokuta environs, among others,” he said.

Audu also commended the Nigerian Army for inaugurating CNG vehicles for its operations under the Auto Switch Kick-off Pilot Programme, powered by the P-CNGi.

He urged other organisations to adopt the technology for its cost-effectiveness and for promoting a sustainable, healthy environment.

The minister had said in February that the ministry would launch a three-year road map that entails the reviving of 44 different production units of the steel company in piecemeal through its concession to investors.

Tags: Ajaokuta
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
CIIN president tasks Insurance directors on manpower development

Iinsurance grosses N1.003trn premiums in fourth 2023 – NAICOM

2 Boko Haram commanders surrender to military task force in Borno

2 Boko Haram commanders surrender to military task force in Borno

Recommended Stories

China’s trade surplus with U.S dips

Trade: Stakeholders want harmony in monetary, fiscal policies

December 25, 2022
22 African nations in debt crisis

Improved revenue as panacea to Nigeria’s debt challenge

December 29, 2023
Strike puts Nigeria in darkness

Tinubu inaugurates Aba Independent Power Project

February 27, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us