Tag: CNG FG

FG unveils northern CNG, electric vehicle corridor in Kano

Aminu Imam
FG unveils CNG

The Federal Government, through the Presidential Initiative on Compressed Natural Gas (CNG) and Electric Vehicles, yesterday launched the ‘Northern Corridor’ of the CNG and electric vehicle transport programme in Kano State. The initiative is aimed at promoting cleaner, affordable and sustainable transportation while reducing the cost of movement of goods and passengers across the country. The event, which was held at the Sani Abacha Stadium, attracted government officials, investors, transport stakeholders and representatives of the Kano State government. Representing Vice-President Kashim Shettima, Deputy Chief of Staff to the President, Senator…

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FG reportedly increase CNG price, now ₦380/scm

Aminu Imam
FG on CNG price

Motorists across Nigeria have expressed mixed feelings following Monday’s increase in the price of Compressed Natural Gas (CNG), which rose from ₦230 to ₦380 per Standard Cubic Metre (scm) at several independent filling stations. According to reports, major filling stations, including NIPCO CNG and Mobil, raised their pump prices from ₦230 to ₦380 on Monday. Hakeem Idris, a ride-hailing driver, described the development as discouraging. “Many Bolt drivers spend up to 10 hours in queues or drive long distances just to refill. Now with this sudden increase, the whole idea…

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FG appoints Barr. Ahmed new PCNGi boss

Aminu Imam
New PCNGi boss

President Tinubu appoints former APC Youth Leader, Barrister Isma’el Ahmed as the Executive Chairman of the Presidential Compressed Natural Gas Initiative, (PCNGi). The appointment was confirmed yesterday through an official  State House Press Release signed by the Special Adviser to the President on Information and Strategy,Bayo Onanuga. “President Bola Ahmed Tinubu has appointed Barrister Isma’el Ahmed as the Executive Chairman of the Presidential Compressed Natural Gas Initiative (PCNGi)”, the statement read. The PCNGi, according to a statement, is a key component of the administration’s post-subsidy palliative programme. As Executive Chairman,…

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Right Group tasks FG to probe CNG projects’ absence in North

Aminu Imam
CNG project in North

The Centre for Human Resource and Development (CHRD), yesterday enjoined the Federal Government to probe the near absence of Compressed Natural Gas (CNG) in the Northern Nigeria. A joint statement signed by CHRD Coordinator, and Secretary, Mr.Kola Sami’u and Yusufu Garba, respectively, said that “It is noticeable that the Presidential Initiative on Compressed Natural Gas (Pi-CNG) was launched about a year ago.” The Right Group lamented that ” But sadly, investigations by this centre have shown that the private firms engaged by the federal government to convey CNG to the…

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Presidency spends N5.1bn on 26 non CNG-powered vehicles in 3 weeks

Aminu Imam
Presidency on CNG vehicles

The State House, Abuja has spent N5.1billion on buying cars between August 18 and September 9. According to a document from the public payments portal: ‘Govspend’, the State House paid N3.4billion on August 18, for the purchase of sixteen numbers of 2023/2024 model Toyota Prado, to the State House, Abuja at the rate of N212million each. On September 9th 2024, N1.7 billion was spent to purchase 10 units of Toyota Camry V4, 2023, to the State House, each costing N170 million. The Govspend website also showed that the Presidency, under…

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“Buy petrol at N1,000/litre, or CNG for N200 per c/metre” Tinubu tells Nigerians

Aminu Imam
Tinubu on CNG

President Bola Tinubu says Nigerians can buy premium motor spirit (PMS), also known as petrol, at N1,000 per litre or compressed natural gas (CNG) at N200 per standard cubic metre. President Bola Tinubu revealed this during a meeting with the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja on Tuesday. While commending NIPCOs contributions to the nations energy transition efforts, particularly its support for the presidential compressed natural gas initiative (PCNGI), Tinubu said CNG saves consumers significant costs. He acknowledged NIPCOs role in advancing the use of…

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Gas generators, CNG/LPG dual fuel vehicle, 61 items exempted from VAT – FG

Aminu Imam
FG on VAT

The Federal Government has exempted 63 items from value-added tax (VAT). According to a post on X yesterday by the Chairman, Presidential Committee on fiscal policy and tax reforms, Taiwo Oyedele, the exempted items are contained in an official Gazette for the Value-Added Tax (Modification) Order, 2024, dated September 3, 2024. Recall that on Wednesday, Minister of Finance and Coordinating Minister of the economy, Wale Edun, announced the introduction of concessions aimed at revitalising the oil and gas industry to ensure a boost in Nigerias upstream and downstream sectors. Edun…

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Tinubu commissions 20 CNG buses at Presidential Villa

Aminu Imam
Tinubu commissions

President Bola Tinubu has commissioned the first set of Compressed Natural Gas (CNG) buses at the Presidential Villa, Abuja. The buses, numbering 20 in the first batch, were produced locally by Innoson Motors. The Government said it was optimistic that the buses will help to ease transportation problems, especially in the Federal Capital Territory, (FCT) Abuja. Five of the CNG buses were driven to the forecourt of the Presidential Villa, where the President took a break from the Federal Executive Council, (FEC), meeting to commission them. The provision of the…

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FG unveils free CNG conversion centres nationwide

Aminu Imam
FG unveils free CNG

The Federal Government, on Thursday, announced a list of centres for the conversion of petrol and diesel-powered vehicles to Compressed Natural Gas (CNG) at no cost to the vehicle owners under the Presidential Compressed Natural Gas Initiative, (P-CNGi). The P-CNGi Programme Director and Chief Executive, Michael Oluwagbemi, disclosed this after signing agreements with various companies involved in vehicle conversions. Speaking to newsmen, Oluwagbemi highlighted that commercial transporters across different unions, including the Road Transport Employers Association of Nigeria (RTEAN), National Union of Road Transport Workers (NURTW), and Nigerian Association of…

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FG seals $3.5bn deal with Afreximbank for textile industry, CNG vehicles, other Initiatives

Aminu Imam
FG Afreximbank

The Federal Government has 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 Minister of Industry, Trade and Investment, Doris Uzoka-Anite, who made this disclosure in a statement on X on Tuesday, said the deal was signed with the international financial institution during 31st Afreximbank Annual Meeting in Nassau, The Bahamas. She stated that the agreement will help realise President Bola Ahmed Tinubus vision for a diversified and prosperous Nigerian economy. She said,…

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