You won't believe it! FG introduces another subsidy for vehicle owners

The federal government has announced plans to provide road transport union members with a 50% subsidy on compressed natural gas (CNG) vehicle conversion kits.

This is in line with the government’s goal of converting one million PMS vehicles to compressed natural gas (CNG) by 2027, according to Engineer Michael Oluwagbemi, programme director and chief executive officer of the presidential initiative on CNG.

Speaking on Tuesday, June 11 in Kaduna at the presidential initiative-organised Northern stakeholders engagement, Oluwagbemi stated that the federal government needs to acquire more than 20,000 conversion kits, which will be promptly implemented for the conversion incentive scheme.

He said:

According to a Vanguard report, Oluwagbemi said eight conversion centres in four states — Kwara, Lagos, Federal District, and Rivers— have already been picked by the kits to serve as the program’s test sites.

He added that the programme will begin to spread to the other 120 conversion vents found throughout the nation.

In his remark, Uba Sani, Kaduna state governor, stated that the government believes it essential to offer more affordable and environmentally friendly energy solutions in this sector to benefit the general public.

Represented by Architect Ibrahim Hamza, the state commissioner for works, the governor commended the federal government’s initiative for setting a phase in switching from petrol powered vehicles to Compressed Natural Gas powered vehicles, particularly for buses.

Iniform Asifa told TimesNow.com.ng that the federal government needs act fast in terms of puttig in place some form of support to help Nigerians survive the current hardship.

She said,

TimesNow.com.ng previously reported that since November last year, the deployment of dispensing pumps for Compressed Natural Gas (CNG) has risen by 233% in six months.

Michael Oluwagbemi, coordinator and chief executive of the Presidential Initiative on CNG (Pi-CNG), disclosed this as he addressed journalists at a Mikano International CNG Vehicle assembly plant tour in Ogun state.

Mikano has shown interest in deploying about 18 CNG pumps nationwide for widespread CNG adoption.

Proofreading by James Ojo Adakole, journalist and copy editor at TimesNow.com.ng.

Source: TimesNow.com.ng

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