Innoson Vehicle Manufacturing (IVM) announced plans for car fuel conversion in all of its service centres by the end of 2023 on Monday.
The Head, Corporate Communications, at Innoson Group, Cornel Osigwe, who made this known in an interview with the News Agency of Nigeria (NAN) in Onitsha on Monday, said IVM was currently converting only vehicles produced by the company from fuel to Compressed Natural Gas (CNG), to suit the current economic situation occasioned by the removal of the fuel subsidy.
Osigwe said CNG vehicles are more durable, easier to maintain than petrol vehicles and the gas is cheaper than petrol.
“It is more environmentally friendly than petrol vehicles; Nigeria has a large abundance of gas. We just want other industry players to come in and take advantage of this opportunity and it will be better for Nigeria’s economy as we have it now”, he said.
When asked about the cost of converting a car or vehicle from fuel or diesel to a CNG, he noted that when there was a huge demand for conversion, the price would automatically go down.
“But I believe that is what an average vehicle user can afford”, he said.
