President Bola Tinubu has stated that the Compress Natural Gas (CNG) initiative will save the country over N2 trillion in funds used in importing Premium Motor Spirits (PMS) and Automotive Gas Oil (AGO) into the country.
FG announced a $3.5 billion agreement with Afreximbank to enhance the textile industry and promote the use of Compressed Natural Gas (CNG) vehicles, among other initiatives.
The Federal government Presidential Compressed Natural Gas Initiative (P-CNGi) has announced plans to provide certain incentives, subsidies and ensuring of instalment payment for CNG vehicles across the country from May 29th, 2024.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, has confirmed that the first set of compressed natural gas (CNG) vehicles is ready for deployment and launch ahead of the Tinubu administration’s first anniversary on May 29.
The Presidential Compressed Natural Gas Initiative (P-CNGi) is making bold and big moves in the first quarter of 2024.
The federal government has stated it has earmarked around N100 billion as Energy Transition Fund to provide Compressed Natural Gas (CNG) vehicles to Nigerians as well as N60 billion for the now postponed student loan program.
