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Nigeria’s Gas reserves Investments worth $50m were attracted to the economy in the last five months through the Presidential Compressed Natural Gas Initiative. Programme Director/Chief Executive, PCNGI, Michael Oluwagbemi, disclosed this at the Southwest stakeholders’ forum held Wednesday in Lagos. According to Oluwagbemi, the CNG initiative was created to cushion the effects of fuel subsidy removal on Nigerians and open new investment windows for domestic and global investors in the gas...

PCNGi : NADDC boss, Minister of Finance tours JET Motor Company CNG Buses assembly plant in Lagos. JET Motors Company is one of the selected assembly plants under the Presidential Compressed Natural Gas Initiative (PCNGi). It costs about N55k to fill a 15-20 seater buses with petrol, while N12,000-15,000 will be needed to fill a CNG bus of the same capacity. JET Motors is currently assembling Semi-Knocked Down (SKD) components of CNG and electric buses and tricycles. The Director General of the...

President Tinubu orders all Government Ministries, Departments and Agencies to purchase CNG-powered vehicles. FG says that the directive is in line with the President’s commitment to ensure energy security, drive utility, and cut high fuel costs. At the FEC meeting on Monday, Tinubu affirmed that there is no turning back in the energy reforms. Tinubu further directed members of FEC seeking the purchase of petrol-powered vehicles to procure CNG-powered ones. President Bola Tinubu on Monday May...

In line with his commitment to ensure energy security, drive utility, and cut high fuel costs, President Bola Tinubu has directed the mandatory procurement of compressed-natural-gas-powered vehicles by all government ministries, departments, and agencies. PRESIDENT TINUBU DIRECTS MANDATORY PROCUREMENT OF CNG-POWERED VEHICLES In line with his commitment to ensure energy security, drive utility, and cut high fuel costs, President Bola Tinubu has directed the mandatory procurement of compressed-nat...

President Bola Tinubu has directed the mandatory purchase of compressed-natural-gas-powered vehicles by all government ministries, departments, and agencies. The president said the directive is in furtherance of the country’s effort to transition to cleaner energy as CNG-enabled vehicles have been adjudged to produce lower emissions, even as they present a more affordable alternative for Nigerian energy consumers. Recently, the Minister of Finance Wale Edun took a tour of the factory where the...

Here are the top 10 stories making headlines across the country. 1. Tinubu orders MDAs to buy only CNG vehicles President Bola Tinubu on Monday issued a directive to all government ministries, departments and agencies to end the purchase of petrol-powered vehicles and go for compressed natural gas (CNG)-powered vehicles.Read more 2. Obi visits Atiku, Lamido, Saraki in their Abuja homes The 2023 presidential candidate of the Labour Party, Peter Obi, on Monday, visited visited former Vice Presiden...

President Bola Tinubu on Monday issued a directive to all government ministries, departments and agencies to end the purchase of petrol-powered vehicles and go for compressed natural gas (CNG)-powered vehicles. Special Adviser to the President (Media & Publicity) Ajuri Ngelale, who made this known on Monday in a statement, said the directive was in line with the commitment of the president “to ensure energy security, drive utility, and cut high fuel costs” The statement reads “Pre...

Good morning Nigeria. Welcome to the Naija News roundup of top newspaper headlines in Nigeria for today, Tuesday, 14th May 2024 1. President Tinubu Issues Fresh Directive To MDAs On CNG Vehicles President Bola Tinubu has issued a ban on the purchase of petrol-dependent vehicles by members of the Federal Executive Council (FEC) and instructed all government ministries, departments, and agencies to procure Compressed-Natural-Gas-powered (CNG) vehicles. This directive was confirmed in a statement...