Investors stake $45 million in presidential CNG initiative

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Investors stake $45 million in presidential CNG initiative
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Amidst federal government’s commitment to addressing the challenges posed by the removal of the fuel subsidy, the Presidential Compressed Natural Gas (PCNG) initiative has received a boost with investors staking about $45 million in the programme.

Amidst federal government’s commitment to addressing the challenges posed by the removal of the fuel subsidy, the Presidential Compressed Natural Gas initiative has received a boost with investors staking about $45 million in the programme.

He said: “We also have increased number of investments in refuelling centers we will have about 100 of them before the end of the year, NIPCO is investing 32; MRS, 10; BoVAS, 10 while the core partners of the Presidential CNG is investing in over 15 centre and the has attracted $45 million. While mentioning that energy security is necessary for the security of the country, he said Nigeria cannot keep depending on other countries for its energy security, assuring that Nigerians would soon start seeing the good in the fuel subsidy removal.

Amidst federal government’s commitment to addressing the challenges posed by the removal of the fuel subsidy, the Presidential Compressed Natural Gas initiative has received a boost with investors staking about $45 million in the programme. A professor of applied economics at Johns Hopkins University, Steve Hanke, has joined scores of tech professionals calling for the release of two Binance executives detailed by Nigeria after it restricted access to several crypto platforms including Binance.

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