Abuja, Aug. 18, 2023 – President Bola Tinubu has approved the establishment of Presidential Committee on Compressed Natural Gas Initiative (PCNGI) as part of measures to cushion effects of removal petrol subsidy.
Ngelale Spokesperson, the Presidential Spokesman, said in a statement in Abuja on Friday, that said the establishment of the committee was in furtherance of the President’s commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs.
He said the initiative was poised to revolutionise 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,
It will simultaneously bolster local manufacturing CNG assembly plants and create jobs.
The statement said the PCNGI would 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.
“The new nationwide network of workshops, to be established through the initiative, would ensure widespread access and demand side utilization of CNG technology and CNG-related expertise, thereby facilitating smoother transitions for vehicle owners at the wider benefit of the Nigerian economy,” the statement said.
It also said the strategic objectives that would be achieved included the development of new stakeholder-operated Intrastate Mass Transit systems built on CNG and support for states to onboard new CNG buses as part of their Intrastate Mass Transit network. (GBN)
