Nigeria targets 11,500 gas-powered vehicles as Tinubu approves CNG initiative

Date:

By Abubakar Yunusa

President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI).
In a statement on Friday, Ajuri Ngelale, special adviser to the president on media and publicity, said the initiative would ease the impact of the petrol subsidy removal on Nigerians by reducing energy costs.
The special adviser said the initiative is also aimed at revolutionising the transportation landscape in the country, targeting over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing PMS-dependent vehicles.
This, he said, would also bolster in-country manufacturing, local assembly, and expand job creation, in line with the presidential directive.
“The landmark initiative, which comprises a comprehensive adoption strategy, will include empowering workshops programmes worldwide/nationwide network of workshops,” Ngelale said.
“Local assembly and job creation as key points of emphasis with an initial focus on mass transit systems and student hubs in order to significantly reduce transit costs for the general populace in the immediate term.”
According to Ngelale, the PCNGI will facilitate the provision of workshops across all geopolitical zones and states with essential kits, and comprehensive training for newly employed staff, thus creating new opportunities for technical skill development and employment for Nigerians.
This aligns with the initiative’s determination to ensure a seamless integration of CNG utility within the current midstream and downstream energy value chain to support its sustainability, he said.
Further speaking on the objectives of the programme, Ngelale said there would be a new stakeholder-operated intra-state mass transit systems built on CNG.
“Support for states to onboard new CNG buses as part of their intra-state mass transit network (wholesale conversion, retro-fitting and new purchase),” the special
“The deployment of CNG buses through existing private mass transit operators, including new financing programmes for operators through an innovative asset finance programme.
“Incentivise investors to invest in CNG processing, distribution and utilisation by providing incentives for enhanced investment and partnership.
“Deliver training and technology transfer to support the after-sales service and maintenance sub-industry to create sustainable jobs.
Ngelale added that the president’s focus will go a long way to stimulate economic growth, and strengthen the nation’s automotive manufacturing capabilities.

READ MORE  Buhari: Broadband penetration now 100% Nigeria is first African country to achieve it

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Tinubu assures traditional rulers of inclusivity

  By Jude Opara President Bola Tinubu, the candidate of the...

Tinubu’s re-election will boost industrial transformation— RMRDC DG

  By Jude Opara The Director-General of the Raw Materials Research...

CACL Condemns AAC’s Plan to Use Court Premises for Campaign, Urges Restraint

The Centre for Advocacy for Credible Leadership (CACL) has...

2027: PDP Reps Candidate Okechukwu Denies Working for Uzodinma, Defends Campaign Strategy

By Stanley Onyekwere The Peoples Democratic Party (PDP) candidate for...