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.
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We are suffering, dying and watching from now to 2027 to decide. Any candidate that will close his ears against West and promise to reinstate subsidy excluding atiku and obi(they promised to remove subsidy as well) will have my vote.
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