Stakeholders in the marine sector have called on the Federal Government to factor them into the Presidential Compressed Natural Gas Initiative as the government moves to explore CNG an alternative fuel for powering vehicles in Nigeria.Stakeholders in the marine sector have called on the Federal Government to factor them into the Presidential Compressed Natural Gas Initiative as the government moves to explore CNG an alternative fuel for powering vehicles in Nigeria.
He added that CNG holds enormous benefits, not only for road transportation, but also for marine transportation. He listed some of the benefits of CNG as fuel for marine propulsion systems as being clean and odourless, safer, less flammable, 50 per cent cheaper than petrol, environmental friendly among others.
Nigeria recorded N1.41 trillion trade deficits between October and December of 2023, the latest report by the National Bureau of Statistics on foreign trade for fourth quarter of 2023 has revealed. Barely three days after the Customs’ exchange rate for calculating duties at the seaports was reduced to N1,544.081/$, it has been reviewed upward to N1,560.511/$.
A stakeholder , Raheem Ajayi, has expressed optimism in the new leadership of the Asset Management Corporation of Nigeria , in the person of Gbenga Alade, who was recently appointed by President Bola Tinubu.