fbpx
Connect with us

News

FG Announces Date To Launch 2,700 CNG Buses, Tricycles

President Bola Tinubu’s government plans to introduce 2,700 Compressed Natural Gas (CNG) buses and tricycles before his first anniversary in office.

Published

on

FG Announces Date To Launch 2,700 CNG Buses, Tricycles
Compressed natural Gas (CNG) Vehicles

President Bola Tinubu’s government plans to introduce 2,700 Compressed Natural Gas (CNG) buses and tricycles before his first anniversary in office.

The initiative includes setting up 100 conversion workshops and 60 refueling sites across 18 states to support the transition to more sustainable transport solutions.

This move follows the removal of petrol subsidies and aims to alleviate transportation costs for the public.

Under the administration of President Bola Tinubu, the Nigerian government is preparing to launch an ambitious Compressed Natural Gas (CNG) initiative aimed at transforming the transportation sector.

Advertisement

VerseNews reports that as President Tinubu approaches his first year in office, his administration has announced the deployment of 2,700 CNG-powered buses and tricycles, supported by the construction of 100 conversion workshops and 60 refueling sites across 18 states by the end of 2024.

The initiative, first introduced in October 2023 following the removal of petrol subsidies, aims to provide more affordable and environmentally friendly transportation options. The Presidential CNG Initiative (PCNGI), designed to alleviate the financial burden caused by higher fuel prices, will see the rollout of 2,500 tricycles and 600 buses in its first phase this year.

The effort is bolstered by a N100 billion allocation from a N500 billion palliative budget, which will fund the acquisition of 5,500 CNG vehicles, including 100 electric buses and over 20,000 conversion kits. The plan also includes the development of both CNG refilling stations and electric vehicle charging stations nationwide.

Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, detailed the groundwork laid out for this massive project, noting the collaboration with the private sector to establish necessary infrastructure and services.

Advertisement

This Online News Platform gathered that the initiative also includes setting up new production facilities, such as a plant on the Lagos-Ibadan Expressway for assembling tricycles and partnering with companies like Brilliant EV for electric vehicles.

Significantly, the Tinubu administration has secured tax and duty waivers to encourage private investment, which has already resulted in over $50 million in actual investments into the project. The government also highlighted ongoing efforts to set up additional CNG stations and conversion centers in collaboration with private companies like NIPCO and BOVAS, enhancing the accessibility of CNG vehicles.

This large-scale deployment aligns with the government’s strategy to position Nigeria at the forefront of energy transition in transportation, targeting the operation of one million natural gas-propelled vehicles by 2027. This initiative not only aims to modernize Nigeria’s vehicle fleet but also significantly reduce the environmental impact of the nation’s transport sector.

whatsapp chat for versenews

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

'My Wife's Ring Can Buy 2 Or 3 Rolls Royce' - Davido Brags As Chioma Flaunts $1 Million Diamond Ring (Video) 'My Wife's Ring Can Buy 2 Or 3 Rolls Royce' - Davido Brags As Chioma Flaunts $1 Million Diamond Ring (Video)
Entertainment4 weeks ago

‘My Wife’s Ring Can Buy 2 Or 3 Rolls Royce’ – Davido Brags As Chioma Flaunts $1 Million Diamond Ring (Video)

Nigerian Afrobeat star Davido and his fiancée Chioma Rowland, who are set to wed on June 25th, made headlines as...

Labour Party Leadership Crisis Resolved As Abure and Apapa Factions Unite Labour Party Leadership Crisis Resolved As Abure and Apapa Factions Unite
Politics4 weeks ago

BREAKING: Labour Party Leadership Crisis Resolved As Abure and Apapa Factions Unite

The Labour Party's leadership crisis has ended as factions led by Julius Abure and Lamidi Apapa reconciled to present a...

EXCLUSIVE: Nigerians To Start Using Three-In-One National Identity Card Soon EXCLUSIVE: Nigerians To Start Using Three-In-One National Identity Card Soon
News4 weeks ago

EXCLUSIVE: Nigerians To Start Using Three-In-One National Identity Card Soon

NIMC is set to launch a versatile three-in-one identity card for Nigerians, featuring payment capabilities and social service functionalities, following...

HND Holders From Polytechnics Must Undergo One-Year Mandatory Training - FG HND Holders From Polytechnics Must Undergo One-Year Mandatory Training - FG
Education4 weeks ago

HND Holders From Polytechnics Must Undergo One-Year Mandatory Training – FG

Dr. Folasade Yemi-Esan, Head of the Civil Service, has mandated HND holders to undergo a one-year training before promotion to...

EFCC Arrests Two Ex-Union Bank Employees For Stealing N4.2m From A Dead Customer's Account EFCC Arrests Two Ex-Union Bank Employees For Stealing N4.2m From A Dead Customer's Account
News4 weeks ago

EFCC Arrests Two Ex-Union Bank Employees For Stealing N4.2m From A Dead Customer’s Account

The EFCC arrested two former Union Bank employees in Makurdi for embezzling N4.2 million from a deceased customer's account.

Christ Embassy Church Headquarters in Lagos On Fire Christ Embassy Church Headquarters in Lagos On Fire
News4 weeks ago

BREAKING: Christ Embassy Church Headquarters in Lagos On Fire (Video)

The Christ Embassy Church headquarters in Ikeja, Lagos caught fire on Sunday morning.

BREAKING: Finidi George Resigns As Super Eagles Head Coach BREAKING: Finidi George Resigns As Super Eagles Head Coach
Sports1 month ago

BREAKING: Finidi George Resigns As Super Eagles Head Coach

Finidi George resigns as the head coach of the Super Eagles, following the NFF's plan to hire a foreign technical...

Tension As President Tinubu Falls, Hits Head On Parade Vehicle During Democracy Day Tension As President Tinubu Falls, Hits Head On Parade Vehicle During Democracy Day
News1 month ago

Tension As President Tinubu Falls, Hits Head On Parade Vehicle During Democracy Day (Video)

Nigerian President Bola Tinubu stumbled and fell during the June 12 Democracy Day parade, sparking renewed concerns about his health.

Democracy Day: FG Announces Date for Public Holiday Democracy Day: FG Announces Date for Public Holiday
News1 month ago

Democracy Day: FG Announces Date for Public Holiday

The Federal Government has announced June 12 as a public holiday to celebrate Democracy Day.

5 Best Video Interview Software You Should Be Using 5 Best Video Interview Software You Should Be Using
Career News1 month ago

5 Best Video Interview Software You Should Be Using

Zoom, HireVue, and Spark are some of the best video interview software. These tools enhance efficiency, improve candidate experience, and...

Advertisement