The Federal Government says car owners will pay up to N250,000 to have their vehicles converted to run on gas.
Justice Derefaka, Technical Adviser on Gas Business and Policy Implementation to Minister of State for Petroleum, Timipre Sylva, made this known on Wednesday.
According to him, conversion of vehicles from petrol to run on gas will take at least seven hours at the various conversion centres across the country.
Derefaka, who is also the Programme Manager, Nigerian Gas Flare Commercialisation Project, stated this today while featuring on Channels Television’s Sunrise Daily programme.
The petroleum minister had said in September that the government will convert the vehicles of Nigerians to run on gas for free to cushion the effect of the hike in pump price of petrol.
But speaking on Wednesday, Derefaka said there are different payment approaches to making the conversion, adding that vehicle owners can have agreement with commercial banks to get their conversion done.
He said, “The conversion of your vehicle is not something that will take three weeks or seven days; it will take you around seven to eight hours because they (technicians) need to do a diagnosis of your vehicle to see if it is fit for conversion. After that, they will test for roadworthiness and then proceed.”
When asked who bears the cost for the conversion of the vehicles, the official said, “Who owns the car? The owner of the car basically will decide to say I want to run on autogas or CNG or LNG and like the honourable minister had mentioned before, conversion has basic strands, you can partner with your bank and the bank will now agree with the conversion centre to convert your vehicle, not for free entirely.
“The installer will now put some form of mechanism that each time you buy the gas; a certain amount will be deducted to pay for the conversion kit. Some people will say it is too expensive but I don’t think it is because within a period of five to seven months, you’ve already paid off the cost.
