Good News: Tinubu Approves Presidential CNG initiative, Targets Nationwide Adoption.

“ PRESIDENT BOLA TINUBU APPROVES ESTABLISHMENT OF THE PRESIDENTIAL CNG INITIATIVE; TARGETS NATIONWIDE ADOPTION

In furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs, President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI).

This transformative initiative is poised to revolutionize 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, while simultaneously bolstering in-country manufacturing, local assembly and expansive job creation in line with the presidential directive.

The landmark initiative, which comprises of a Comprehensive Adoption Strategy, will include the following: Empowering Workshops Programme w/ Nationwide Network of Workshops, Local Assemblyand 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.

Furthermore, in line with the PCNGI's determination to ensure a seamless integration of CNG utility within the current midstream and downstream energy value chain to support its sustainability, 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.