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BREAKING: Tinubu Approves New CNG Initiative

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Tinubu Approves New CNG Initiative

 

. Targets 11,500 Gas-Powered Vehicles 

By Abimbola Abdullahi

President Bola Ahmed Tinubu has approved the establishment of the Presidential CNG (Compressed Natural Gas) Initiative (PCNGI) to facilitate nationwide adoption of Gas-Powered Vehicles.

 

Special Adviser to the President (Media & Publicity), Ajuri Ngelale, in a statement today (Friday) said the initiative was in furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs.

 

According to him, this transformative initiative is poised to revolutionize 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, while simultaneously bolstering in-country manufacturing, local assembly and expansive job creation in line with the presidential directive.

CNG powered vehicle

The initiative, which comprises of a comprehensive adoption strategy, will include the following: empowering workshops programme / nationwide network of workshops, 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.

 

“In line with the PCNGI’s determination to ensure a seamless integration of CNG utility within the current midstream and downstream energy value chain to support its sustainability, 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.

 

“The new nationwide network of workshops, to be established through the initiative, would ensure widespread access and demand side utilization of CNG technology and CNG-related expertise, thereby facilitating smoother transitions for vehicle owners at the wider benefit of the Nigerian economy” he stated.

 

Under the aegis of the PCNGI, the  strategic objectives which will be achieved include: The development of new stakeholder-operated Intrastate Mass Transit systems built on CNG; Support for states to onboard new CNG buses as part of their Intrastate Mass Transit network (wholesale conversion, retro-fitting and new purchase); The deployment of CNG buses through existing Private Mass Transit operators, including new financing programmes for operators through an innovative asset finance programme.

 

Others are: Incentivize investors to invest in CNG processing, distribution and utilization by providing incentives for enhanced investment and partnership; Deliver training and technology transfer to support the After-Sales Services and maintenance sub-industry to create sustainable jobs.

 

President Tinubu’s focus on assembling CNG-enabled vehicles within the country is expected to stimulate economic growth, create employment opportunities, and bolster the nation’s automotive manufacturing capabilities.

 

“The launch of this initiative also underscores this administration’s commitment to fostering a cleaner environment by reducing carbon emissions and promoting energy security through the utilization of domestic natural gas resources,” Ngelale said.

 

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Celebrity Code

Serena Williams

Serena Williams is an American former professional tennis player. Born: 26 September 1981, Serena is 40 years. She bids farewell to tennis. We love you SERENA.

Quotes

Success is not final; failure is not fatal: It is the courage to continue that counts.

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Tinubu Approves New CNG Initiative

 

. Targets 11,500 Gas-Powered Vehicles 

By Abimbola Abdullahi

President Bola Ahmed Tinubu has approved the establishment of the Presidential CNG (Compressed Natural Gas) Initiative (PCNGI) to facilitate nationwide adoption of Gas-Powered Vehicles.

 

Special Adviser to the President (Media & Publicity), Ajuri Ngelale, in a statement today (Friday) said the initiative was in furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs.

 

According to him, this transformative initiative is poised to revolutionize 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, while simultaneously bolstering in-country manufacturing, local assembly and expansive job creation in line with the presidential directive.

CNG powered vehicle

The initiative, which comprises of a comprehensive adoption strategy, will include the following: empowering workshops programme / nationwide network of workshops, 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.

 

“In line with the PCNGI’s determination to ensure a seamless integration of CNG utility within the current midstream and downstream energy value chain to support its sustainability, 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.

 

“The new nationwide network of workshops, to be established through the initiative, would ensure widespread access and demand side utilization of CNG technology and CNG-related expertise, thereby facilitating smoother transitions for vehicle owners at the wider benefit of the Nigerian economy” he stated.

 

Under the aegis of the PCNGI, the  strategic objectives which will be achieved include: The development of new stakeholder-operated Intrastate Mass Transit systems built on CNG; Support for states to onboard new CNG buses as part of their Intrastate Mass Transit network (wholesale conversion, retro-fitting and new purchase); The deployment of CNG buses through existing Private Mass Transit operators, including new financing programmes for operators through an innovative asset finance programme.

 

Others are: Incentivize investors to invest in CNG processing, distribution and utilization by providing incentives for enhanced investment and partnership; Deliver training and technology transfer to support the After-Sales Services and maintenance sub-industry to create sustainable jobs.

 

President Tinubu’s focus on assembling CNG-enabled vehicles within the country is expected to stimulate economic growth, create employment opportunities, and bolster the nation’s automotive manufacturing capabilities.

 

“The launch of this initiative also underscores this administration’s commitment to fostering a cleaner environment by reducing carbon emissions and promoting energy security through the utilization of domestic natural gas resources,” Ngelale said.

 

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Celebrity Code

Adebimpe Oyebade

Adebimpe Oyebade is a Nollywood star, who recently got married to a colleague, Lateef Adedimeji in a glamorous wedding.

Quotes

Your present circumstances don’t determine where you can go. They merely determine where you start.

  • Nido Qubein
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