Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Gaza War: Israel Has Agreed To 60 Days Ceasefire – Trump

    July 2, 2025

    We’ll Practice Internal Democracy In ADC – Aregbesola

    July 2, 2025

    Mark Resigns From PDP After Announcement As ADC National Chairman

    July 2, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Gaza War: Israel Has Agreed To 60 Days Ceasefire – Trump
    • We’ll Practice Internal Democracy In ADC – Aregbesola
    • Mark Resigns From PDP After Announcement As ADC National Chairman
    • Atiku, Mark, Lamido, Ikimi Hold Crucial Meeting In Abuja
    • Ibadan Poly Students Protest Renaming Of Institution After Olunloyo
    • Saudi Club, Al Hilal Eliminates Man City In Club World Cup Thriller
    • 2027: I Will Comply With One Term Agreement, Peter Obi Tells Supporters
    • FirstBank Launches Advanced Facial Recognition On Mobile App
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Wednesday, July 2
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Tinubu’s CNG Initiative Takes Off With Delivery Of 60 Hybrid Buses
    2 Mins ReadAugust 9, 2024

    Tinubu’s CNG Initiative Takes Off With Delivery Of 60 Hybrid Buses

    By Samuel AkpenpuunAugust 9, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Federal Government has taken delivery of 60 locally assembled Compressed Natural Gas (CNG) hybrid buses.

    Revealed in a post through its official X handle on Thursday, the buses were delivered by Jet Motor Company under the Presidential CNG Initiative.

    According to the statement, the development is in continuation of efforts to provide affordable and comfortable transport solutions for Nigerians.

    The vehicles were handed over to a team comprising the Ministry of Finance and representatives of the Presidential Initiative on CNG (Pi-CNG) at the company’s car manufacturing plant in Ajah, Lagos State.

    President Bola Tinubu’s national broadcast during the #EndBadGovernance protests against hunger and hardship, noted that despite Nigeria’s abundant oil and gas resources, his administration met a country that was dependent only on oil, neglecting its gas resources while subsidising the cost of fuel.

    As a result, he said his administration had invested in CNG to change the narrative.

    “Fellow Nigerians, we are a country blessed with both oil and gas resources, but we met a country that had been dependent solely on oil-based petrol, neglecting its gas resources to power the economy. We were also using our hard-earned foreign exchange to pay for and subsidise its use.

    “To address this, we immediately launched our Compressed Natural Gas Initiative to power our transportation economy and bring costs down. This will save over N2tn a month, being used to import PMS and AGO and free up our resources for more investment in healthcare and education,” Tinubu stated.

    He said his administration would distribute one million kits of extremely low or no cost to commercial vehicles that transport people and goods, and who currently consume 80 per cent of the imported petrol and diesel.

    “We have started the distribution of conversion kits and setting up of conversion centres across the country in conjunction with the private sector. We believe that this CNG initiative will reduce transportation costs by approximately 60 per cent and help to curb inflation,” Tinubu disclosed.

    Author

    • Samuel Akpenpuun
      Samuel Akpenpuun

      View all posts
    CNG Federal Government
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Samuel Akpenpuun

    Related Posts

    Featured

    Gaza War: Israel Has Agreed To 60 Days Ceasefire – Trump

    July 2, 2025
    Featured

    We’ll Practice Internal Democracy In ADC – Aregbesola

    July 2, 2025
    Breaking News

    Mark Resigns From PDP After Announcement As ADC National Chairman

    July 2, 2025
    Breaking News

    Atiku, Mark, Lamido, Ikimi Hold Crucial Meeting In Abuja

    July 1, 2025
    Education

    Ibadan Poly Students Protest Renaming Of Institution After Olunloyo

    July 1, 2025
    Featured

    Saudi Club, Al Hilal Eliminates Man City In Club World Cup Thriller

    July 1, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Gaza War: Israel Has Agreed To 60 Days Ceasefire – Trump

    July 2, 2025

    We’ll Practice Internal Democracy In ADC – Aregbesola

    July 2, 2025

    Mark Resigns From PDP After Announcement As ADC National Chairman

    July 2, 2025

    Atiku, Mark, Lamido, Ikimi Hold Crucial Meeting In Abuja

    July 1, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.