Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

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

What's Hot

Africa set to launch its own credit ratings agency

August 27, 2026

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026
Facebook X (Twitter) Instagram
Trending
  • Africa set to launch its own credit ratings agency
  • FG Launches $1bn Social Protection Programme For Vulnerable Nigerians
  • Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria
  • Meta to pay up $18 billion to settle children’s social media harm case, impose two-hour daily limit and block teen app usage at night
  • NBA Conference: NDDC Advocates Diversification of Niger Delta Economy
  • EFCC offers whistleblowers 5% reward to uncover stolen Nigerian assets abroad
  • NDDC Backs Tourism Initiative to Transform Bonny Kingdom
  • Israel Donates First Batch Of Ambulances, Medical Equipment To Nigeria
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Government»FG to launch 2700 CNG Buses, Tricycles to mark Tinubu’s first year in office
Government

FG to launch 2700 CNG Buses, Tricycles to mark Tinubu’s first year in office

VardiafricaBy VardiafricaApril 22, 2024Updated:April 22, 2024No Comments28 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Presidency on Sunday said it was ready to launch about 2,700 CNG-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office.

It said the Federal Government is set to deliver 100 conversion workshops and 60 refuelling sites spread across 18 states before the end of 2024.

The Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, revealed this in a statement he signed Sunday titled ‘Presidential CNG initiative set for rollout.’

“From the end of May, Nigeria will take some baby steps to join such nations that already have large fleets of CNG vehicles.

“All is now ready for delivery of the first set of critical assets for deployment and launch of the CNG initiative ahead of the first anniversary of the Tinubu administration on May 29.

“About 2,500 of the tricycles will be ready before May 29, 2024…working towards delivering 200 units before the first anniversary of the Tinubu administration,” said the Presidency.

It added that in all, over 600 buses are targeted for production in the first phase which will be accomplished in 2024.

In October 2023, about five months after the removal of the petrol subsidy, President Tinubu launched the Presidential CNG Initiative to deliver cheaper, safer and more climate-friendly energy.

The CNG Initiative was designed to deliver compressed natural gas, especially for mass transit.

The Federal Government earmarked N100bn (part of the N500bn palliative budget) to purchase 5500 CNG vehicles (buses and tricycles), 100 Electric buses and over 20,000 CNG conversion kits, with plans to develop CNG refilling stations and electric charging stations nationwide.

The FG had said the initiative would ease the burden of the increased pump price on the masses.

“After months of detailed planning and background work, the committee driving the initiative is set to deliver on President Tinubu’s vision and promise,” Onanuga affirmed.

Part of Sunday’s announcement was the creation of a new plant on the Lagos-Ibadan Expressway that will assemble the tricycles while Brilliant EV will assemble electric vehicles when it receives the Semi Knocked Down components.

The Presidency explained further, “The SKD parts manufactured by the Chinese company LUOJIA in partnership with its local partner to support the consortium of local suppliers of CNG tricycles are set for shipment to Nigeria and expected to arrive early in May

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

EFCC offers whistleblowers 5% reward to uncover stolen Nigerian assets abroad

August 26, 2026

Tinubu charges LG chairmen to uphold fairness, inclusive governance

August 24, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025497

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202551
Don't Miss
Africa
Africa By VardiafricaAugust 27, 20262 Mins Read3

Africa set to launch its own credit ratings agency

By VardiafricaAugust 27, 20263 Africa Updated:August 27, 202602 Mins Read

Africa is set to launch its own credit ratings agency next month, in a move…

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026

Meta to pay up $18 billion to settle children’s social media harm case, impose two-hour daily limit and block teen app usage at night

August 27, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

Africa set to launch its own credit ratings agency

August 27, 2026

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025497

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

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