The Presidential Compressed Natural Gas Initiative (PCNGi) has
launched Compressed Natural Gas (CNG) for vehicles at N230 per litre.
This initiative is designed to provide Nigerians with a more affordable and sustainable alternative to petrol and diesel.
The announcement was detailed in a statement
signed by Michael Oluwagbemi of PCNGi on Tuesday, September 10, 2024.
He stated that PresidentTinubu is determined
to reduce the cost of living, particularly in light of the recent removal of
the fuel subsidy.
The statement Oluwagbemi reads:
“The PCNGi promises to deliver significant
economic relief, especially to those reliant on transportation for their
livelihoods"
He further revealed that President Tinibu has directed the distribution of one million free CNG conversion kits for commercial vehicles
nationwide as part of this transformative initiative.
It added:
The rollout of these kits, which will include
free installation, is set to occur over the next 18 months, facilitating an
easy transition for commercial transport operators to switch to CNG.
The first phase of the PCNGi will commence
this week with the distribution of 10,000 free conversion kits.
“These kits will be available through key national transport associations, including the National Union of Road Transport Workers (NURTW), Moove, UBER, and the Kaduna State Transport Authority (KSTA)."
President Tinubu also plans to distribute one
million conversion kits in 2025, positioning the country’s commercial transport
sector to reduce its dependence on expensive petrol and diesel.
Oluwagbemi concluded:
“For more information on conversion centers
and to access the list of active centers, Nigerians are encouraged to visit the
official PCNGi websites.
"This initiative is a crucial element of
President Tinubu’s broader vision for a resilient and economically robust
Nigeria, providing practical solutions to soaring fuel prices while advancing
sustainable energy alternatives."
The refinery, which recently began production,
has been praised as a game-changer, and Femi Otedola has also expressed excitement.
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