The Nigerian National Petroleum Company Ltd has contracted Innoson Vehicle Motors (IVM) to produce Condensed Natural Gas cars, the indigenous car manufacturer has said.
The Chairman of Innoson Group, Innocent Chukwuma, also revealed that the company is ready to manufacture electric cars.
Chukwuma disclosed the mega deal with the state owned company while commenting on the race to face out fossil fuel.
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The Nigerian government had unveiled plans to sponsor the conversion of one million cars to run on gas. Gas is Nigeria’s transition fuel.
The NNPC Ltd, Chief Executive Officer, Mele Kyari, had announced in December 2020 that the Ministry of Petroleum will provide the structure for the free conversion services to enable automobiles switch from premium motor spirit to gas.
Speaking to local station, Arise TV, Chukwuma revealed that IVM has been contracted to manufacture cars for the NNPC Ltd.
But the businessman did not reveal the details of the deal.
The Innoson Group Chairman said, “I am now producing some vehicles with CNG engine for NNPC. I am almost through with the production and I did the best quality of the CNG cars and it was built from my factory.
“CNG will help everybody because the consumption of CNG is better than fuel. If people can convert to CNG, it will benefit the nation, transport cost will drop down. Nigeria has a lot of CNG wasting.”
IVM has a plant at Nnewi, South Eastern Nigeria that has the production capacity of 60,000 cars.
The billionaire businessman was also optimistic of venturing into the manufacturing of electric cars.
According to him, electric car manufacturing is not a big deal when the country begins to see demands.
Chukwuma said, “The most important thing that am doing in a vehicle is to build the body, I don’t produce engines, I import engines from engine companies.
“If I want to do electric vehicle, it is the same vehicle, I will buy the battery and other things. It is the same thing. so, electric vehicle is nothing, I can do it easily, because I have the capacity do it. It is very easy. But it is when the demand comes that I will start.”
Very interesting
So, Innoson talking to Arise TV, was talking to a “local station”?, this is a station you watch in Europe, America, China! But if he talked to Fox News of America, you will call that international? Meanwhile Fox News does not give a hoot about Africa. We must stop this colonial mentality.
Thanks my Guy, we have to patronize our own whatever.
You’re on point!
This is a good move to encourage made in Nigeria products.
No be only to run motor wey dey use gas…dis one wey dey, una dey buyam??
FG leave motor, make una fight the hike of prices of foods for this nation, now sef common gas to cook na 800 1kg, lol person go fit fuel him motor???
This is heart warming. May God increase your efforts
Referring to arise station as a “local” station is in relation to a Nigerian station, not that it is local as you people are wrongly asserting.
Foreign stations in the USA and the UK also refer to their “local stations ” when receiving news from different areas of the country.