Escalating CNG Prices: FG Threatens Sanctions Against Marketers Exploiting Unsuspecting Nigerians

The Federal Government has threatened to sanction marketers exploiting unsuspecting Nigerians over escalating prices of Compressed Natural Gas (CNG) across the country.

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, spoke on Tuesday in Kano during the inspection of some CNG mother station infrastructure ahead of the commissioning of the Abuja-Kaduna-Kano AKK Pipeline and opening of two CNG daughter stations capable of dispensing CNG to more than 2,500 vehicles and 50 trucks daily.

He said that the days of those exploiting Nigerian’s by taking advantage of the federal government’s CNG programme to acquire kits, buy CNG, and still charge unsuspecting Nigerians the same as those using petrol will soon be over.

According to him, the goal is to flood the country with more CNG stations to meet the current high demand and encourage even more Nigerians, especially commercial drivers, to convert their vehicles.

The minister also urged those alleging that the process of obtaining funds for CNG infrastructure expansion from the Midstream and Downstream Gas Infrastructure Fund was not transparent and almost impossible.

He challenged them to back such claims with evidence, adding that those who have complied with all the requirements have accessed the funds.