FG’s $658m gas intervention fund targets CNG, LPG as alternative fuels

The Federal Government has stated that its $658 million (N250 billion) intervention facility for the national gas expansion programme is targeted at making Compressed Natural Gas (CNG) the fuel of choice for transportation and Liquefied Petroleum Gas (LPG), domestic cooking, captive power and small industrial complexes.
 
To this end, the Central Bank of Nigeria (CBN) has capped the maximum loan an obligor can access under its N250 billion intervention fund for the gas sector at N10 billion. The apex bank disclosed this in a guideline titled, “Framework for the implementation of intervention facility for the national gas expansion programme,” that was published recently…
 
More details through:
https://guardian.ng/business-services/fgs-n250b-gas-intervention-fund-targets-cng-lpg-as-alternative-fuels/