Subsidy: Obaseki calls for investments in alternative energy - Punch Newspapers

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Subsidy: Obaseki calls for investments in alternative energy - Punch Newspapers
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Subsidy: Obaseki calls for investments in alternative energy

Edo State Governor, Godwin ObasekiEdo State Governor, Mr. Godwin Obaseki, has called on investors to make investments in alternative sources of energy, such as natural gas in the wake of subsidy removal, which has led to a hike in transportation costs.

The governor, who made the call in Benin on Tuesday, noted that the State has the largest deposit of on-shore gas in the country. Data from NIPCO Gas, a joint-venture company between NIPCO and Nigeria Gas Company Limited , indicate that over 5,600 vehicles in Benin City run on Compressed Natural Gas after the initiative was rolled out in 2007 and commissioned in 2009.

He said, “We are blessed with a lot of gas in Edo. There is really no reason why our tricycles and vehicles should be using petrol. We have more gas stations in Edo than any other State. We should be using more gas.

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