President Bola Ahmed Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) to facilitate nationwide adoption of gas-powered vehicles.
The Special Adviser to the President , Ajuri Ngelale, in a statement, yesterday, said the initiative was in furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs.
The initiative, which comprises a comprehensive adoption strategy, will include the following: empowering workshop programmes/nationwide network of workshops, local assembly and job creation as key points of emphasis with an initial focus on mass transit systems and student hubs to significantly reduce transit costs for the general populace in the immediate term.
“The new nationwide network of workshops to be established through the initiative would ensure widespread access and demand side utilisation of CNG technology and CNG-related expertise, thereby facilitating smoother transitions for vehicle owners at the wider benefit of the Nigerian economy,” he stated.
Others are: Incentivise investors to invest in CNG processing, distribution and utilisation by providing incentives for enhanced investment and partnership; deliver training and technology transfer to support the after-sales services and maintenance of sub-industry to create sustainable jobs.
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