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NNPC Contracts Innoson Motors To Manufacture CNG Cars For Nigerians

ECONOMY
 

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.

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.

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