Bill to encourage purchase of gas-powered vehicles scales second reading
A bill for an act to amend the National Automotive Council Act, 2004, on Thursday, scaled the second reading at the house of representatives.
The bill seeks to introduce a new alternative vehicular transportation to utilise Nigerian gas.
It also seeks to tap into the nation’s gas master plan which to end Nigeria’s “wasteful” gas flaring culture.
Igariwey Enwo, sponsor of the bill, who is from Ebonyi state, said the bill will drive economic growth through gas “and not necessarily oil”.
He said the bill will achieve this by deploying the country’s huge gas resources to the transport sector as compressed natural gas which will, in turn, be used to power both heavy duty and other forms of vehicles in the country.
According to him, data from the department of petroleum resources shows that the nation has lost about N523 billion worth of revenue from the volume of gas flared between 2015 and 2016.
Read more here