Business
Innoson Makes Important Announcement Amid Fuel Hike Saga
Mr Cornel Osigwe, Head of Corporate Communications at Innoson Group, says Innoson Vehicle Manufacturing (IVM), will establish car fuel conversion in all its service centres before the end of 2023.
Osigwe said this in an interview with the News Agency of Nigeria (NAN) on Monday in Onitsha.
He said IVM was currently converting only vehicles produced by the company from fuel to Compressed Natural Gas (CNG) to suit the current economic situation occasioned by the removal of the fuel subsidy.
He added that the challenges associated with cars or vehicles converted to CNG were that they were easier to maintain and more environmentally friendly.
According to him, CNG vehicles are more durable, easier to maintain than petrol vehicles and gas is cheaper than petrol.
“It is more environmentally friendly than petrol vehicles; Nigeria has a large abundance of gas.
“We just want other industry players to come in and take advantage of this opportunity and it will be better for Nigeria’s economy as we have it now”, he said.
When asked about the cost of converting a car or vehicle from fuel or diesel to a CNG, he noted that when there was huge demand for conversion, the price would automatically go down.
“But I believe that is what an average vehicle user can afford,’’ he said.
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