FG announce plans to deploy the first batch of CNG Vehicles ahead of first anniversary of Tinubu in office on May 29th 2024.CONTINUE FULL READING>>>>
Said N100 billion was allocated to purchase 5,500 CNG vehicles, 100 electric buses, and over 20,000 CNG conversion kits.
Deployment of CNG vehicles is parts of FG’s vision to have at least one million natural gas propelled vehicles on the roads by 2027.
The Federal Government has announced plans to start the deployment of Compressed Natural Gas (CNG) buses and tricycles for mass transit ahead of Tinubu administration’s first anniversary on May 29th.
The move was disclosed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement on Sunday April 21st 2024.
According to him, the Federal Government allocated N100 billion last year to purchase 5,500 CNG-powered vehicles (buses and tricycles), 100 electric buses, and over 20,000 CNG conversion kits.
The funding, which is part of the N500 billion palliative budget, also supports the expansion of CNG refilling and electric vehicle (EV) charging stations.
“After months of detailed planning and background work, the committee driving the initiative is set to deliver on President Tinubu’s vision and promise.
“Already, the committee, being led by Michael Oluwagbemi, an oil and gas expert, has delivered some major foundational reforms to enable the new CNG and Electric Vehicles future the President promised.
“All is now ready for delivery of the first set of critical assets for deployment and launch of the CNG initiative ahead of the first anniversary of the Tinubu administration on May 29.”
The FG said that the deployment of CNG buses and tricycles and its vision to get at least one million natural gas propelled vehicles on the roads by 2027 will gradually phase out the use of the more expensive diesel and PMS (petrol)..CONTINUE FULL READING>>>>
