• Home
  • About
  • Privacy Policy
  • Contact
  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s
No Result
View All Result
MondayNuggets
No Result
View All Result

Presidential Initiative Launches Program to Reduce Transport Fares by 40% with CNG

Monday Yakubu by Monday Yakubu
September 28, 2024
in Business
0

Michael Oluwagbemi, Chief Executive Officer and Programme Director of the PCNGi

The Presidential Compressed Natural Gas Initiative (PCNGi) has launched a nationwide program aimed at reducing transport fares by up to 40% through the use of compressed natural gas (CNG). The initiative, which started on Friday in Abuja, is part of a broader effort to promote CNG as a cleaner and more affordable alternative to traditional fuel.

To kick off the program, the PCNGi signed a Memorandum of Understanding (MOU) with the National Union of Road Transport Workers (NURTW). The agreement covers the Abuja-Itakpe Station—Ajaokuta Train Station—Adavi route, where fleet vehicles will be converted to run on CNG. In return, passengers will benefit from a 30-40% reduction in transport fares.

“This program will encourage NURTW members in Abuja to convert their vehicles to CNG in exchange for a fare reduction,” explained Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement released on Friday.

The statement, titled “PCNGi Collaborates with Commercial Transporters to Slash Transport Costs, Empowers 2000 Youth with Tricycles,” outlines the initiative’s goal to increase the adoption of CNG as a more cost-effective and environmentally friendly fuel alternative.

Michael Oluwagbemi, Chief Executive Officer and Programme Director of the PCNGi, emphasized the benefits of the initiative, stating, “On Saturday, September 28, 2024, the PCNGi will continue its nationwide commercial incentive program for commercial car open days, expanding to 38 centres in Kaduna, Abuja, Lagos, Ogun, Oyo, Delta, and Edo states.”

According to Oluwagbemi, the PCNGi will also enter into an agreement with the Nigeria Police Trust Fund on September 30 to operationalize the Nigerian Police CNG Conversion Programme. This partnership aims to train police cadets to manage strategic conversion centres that are being established across the country.

“This initiative will help train the police cadets to manage strategic conversion centres established by the NPTF,” Oluwagbemi added.

As part of the celebrations for Nigeria’s 64th Independence Day on October 1, the PCNGi will launch the CNG Tricycle Empowerment Program in collaboration with the Ministry of Youth. The program will provide over 2,000 young Nigerians with the opportunity to own and operate CNG-powered tricycles, offering them a pathway to economic empowerment.

The initiative will also extend to Kogi State, where the PCNGi will launch the Kogi State Conversion Incentive Programme on October 2. This program will include the handover of CNG buses to the state’s mass transit entity for interstate routes to Abuja. Additionally, three new CNG conversion sites will be inaugurated in the state.

Oluwagbemi highlighted the long-term goals of the initiative, stating, “Our objective is to make CNG a mainstream fuel option in Nigeria, reducing the cost of transportation and creating job opportunities for thousands of Nigerians.”

Tags: CNGLaunchesPresidential InitiativeProgramReduce Transport Fares

Related Posts

Business

NNPCL Reduces Petrol Price to N890 per Litre

July 24, 2025
Business

French Company Canal+ Buys MultiChoice for $3 Billion

July 24, 2025
Business

NNPC Sends N6.96tr to Gov’t, N905B Profit in June

July 22, 2025
Business

Dangote Suspends Fuel Discount Scheme Over Marketer Fraud

July 21, 2025
Business

Dangote Plans to Build Nigeria’s Deepest Seaport

July 16, 2025
Business

Dangote Says NNPC Refineries May Never Work Again

July 11, 2025
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mondaynuggets

© 2025 MondayNuggets.

The best sites to buy Instagram followers in 2024 are easily Smmsav.com and Followersav.com. Betcasinoscript.com is Best sites Buy certified Online Casino Script. buy instagram followers buy instagram followers Online Casino

Navigate Site

  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s

Connect With Us on Social Media

No Result
View All Result
  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s

© 2025 MondayNuggets.