• Oil & Gas - News
  • Updated: December 07, 2023

CNG initiative reveals N100 billion investment for sustainable transportation

CNG initiative reveals N100 billion investment for sustainab

In a major move towards lowering reliance on conventional fuel sources, the Presidential Compressed Natural Gas Initiative (PCNGi) announced on Wednesday that it will spend N100 billion to help with the statewide deployment of CNG buses.

By encouraging the use of autogas and electric vehicles, this programme seeks to transform public transit and transportation and make them more economical and ecologically beneficial.

The funds are meant to spark a revolutionary change in the public transportation industry towards the usage of autogas and electric vehicles as part of a palliative programme.

Over 11,500 CNG and electric vehicles will be used in the programme, and 55,000 conversion kits will be distributed. The ultimate objective is to ease the rising cost of living and lower Nigerians' transit expenses.

“The plan includes leveraging over 11,500 CNG and electric fueled vehicles, as well as the deployment of 55,000 conversion kits to ultimately reduce the cost of transportation for Nigerians and alleviate the rising cost of living.”

According to the statement released by the PCNGi, "Under the capable leadership of its steering committee, led by FIRS Chairman, Zacch Adedeji, and his colleagues, the PCNGi is committed to delivering on the President's vision without any distraction in keeping with the Renewed Hope Agenda."

Through the presentation of the PCNGi's most recent accomplishments, the initiative reassured Nigerians that the programme is on track to meet these goals. 

Several CNG conversion centres are currently being commissioned in important states around the nation, including Lagos, Abuja, Kaduna, Ogun, and Rivers, with many more to come in the coming weeks. These partnerships are technical and strategic.

The PCNGi's dedication to lessening reliance on conventional fuel sources is consistent with larger initiatives to develop an ecologically responsible and sustainable future for Nigerian mass transit and mobility.

“We are delighted to reassure Nigerians that the program is on course to deliver on these objectives going by the milestones achieved by the PCNGi in the last few weeks which, they said include strategic technical partnerships and the ongoing commissioning of several CNG Conversion centres in key States across the country including Lagos, Abuja, Kaduna, Ogun, and Rivers, with many others to follow in the next few weeks.”

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