The federal government has launched a ‘buy now, pay later’ portal aimed at promoting the use of Compressed Natural Gas (CNG) as a practical alternative to Premium Motor Spirit (petrol).
This new website will enable Nigerians to convert their petrol-powered vehicles to CNG, with the option to pay for the conversion costs later.
The announcement was made by the National Orientation Agency (NOA) via its official X account on Tuesday. The government explained that this payment option allows drivers to convert their vehicles immediately and pay in 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.
“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.
This development coincides with the Nigerian government’s efforts under the Presidential CNG initiative to expand CNG conversion centers nationwide.
In the past six months, conversion centers have been established in the Federal Capital Territory (Abuja), Ogun, Ekiti, Nasarawa, and several other states.
The Federal Government aims to convert 1 million vehicles by 2027.
According to officials, the CNG initiative is expected to lower road transportation costs by 40 percent.
This initiative comes as Nigerians face soaring transport costs due to fuel pump price increases, which have risen from N770 to between N950.22 and N1,100 per liter.
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