Framework for the implementation of intervention facility for the national gas expansion programme
The National Gas Expansion Programme (NGEP) was introduced to make CNG the fuel choice for transportation and LPG the fuel choice for cooking, captive power and small industrial complexes. The framework for the implementation of intervention facility for the NGEP established by the Central Bank of Nigeria introduces the N250 billion intervention facility to help stimulate investment in the gas value chain. The objectives of the facility include: improving private financing access, stimulating investments in infrastructure, adopting CNG and LPG, developing gas based industries such as petrochemical, and boosting employment.
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