FG Unveils ‘Convert Now, Pay Later’ Portal for CNG Conversion
The Federal government has unveiled “buy now, pay later” portal to encourage the adoption of Compressed Natural Gas (CNG) as a cleaner alternative to Premium Motor Spirit (petrol).
A statement released by the National Orientation Agency (NOA) on Tuesday, said the new portal allows Nigerians to convert their petrol-powered vehicles to CNG and opt for a pay-later option for the conversion costs.
The government stated that the payment option is designed to make CNG conversion more accessible, with flexible payment plans tailored to fit various budgets.
Drivers can now convert their vehicles and pay later through affordable monthly installments at competitive rates.
“Switching to Compressed Natural Gas (CNG) is now more accessible than ever. With flexible payment plans tailored to fit your budget, transitioning from petrol to CNG has never been smoother or more affordable,” the statement read.
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“Switching to Compressed Natural Gas (CNG) is now more accessible than ever. With flexible payment plans tailored to fit your budget, transitioning from petrol to CNG has never been smoother or more affordable.
“These payment options allow you to convert your vehicle now and pay later with affordable monthly installments at competitive rates.
“With an easy online application and quick approval process, you’ll receive support every step of the way to ensure a hassle-free experience,” the government stated.
Recalled that federal government through the Presidential CNG initiative expands CNG conversion centres across the Country.
Conversion centers have been launched in the Federal Capital Territory, Abuja, Ogun, Ekiti, Nasarawa and other states in the last six months.
The Federal Government said it targets 1 million vehicles’ conversion by 2027.
According to the government, the CNG initiative would reduce road transportation costs by 40 percent.
This comes as Nigerians grapple with high transport costs due to fuel pump price hikes to between N950.22 and N1,100 per liter from N770.