Vehicle Owners to pay N250,000 to convert their cars to Auto-gas – FG
The Federal Government has announced that car owners in the country 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 in an interview with Channel TV on Wednesday, 2nd of December, 2020.
According to him; “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 the technicians need to do a diagnosis of your vehicle to see it is fit for conversion. Afterwards, they will test for road-worthiness and then proceed.”
When asked who bears the cost of the conversion of the vehicles, the official responded by saying; “Who owns the car? The owner of the car basically will decide to say I want to run on auto gas or CNG or LNG and like the honorable minister had mentioned before, conversion has basic strands, you can partner with your bank and the bank will now agree with the conversion center 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. The cost varies, it depends on the cylinder of the vehicle but on the average, it is around N200,000 to N250,000 and this is for a four-cylinder vehicle but it becomes a little bit higher for a six-cylinder vehicle”.
