News
FG to convert 250,000 vehicles to CNG annually – Coordinator
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/07/images-72.jpeg&description=FG to convert 250,000 vehicles to CNG annually – Coordinator', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/07/images-72.jpeg&description=FG to convert 250,000 vehicles to CNG annually – Coordinator', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
By Francesca Hangeior.
The Presidential Compressed Natural Gas Initiative is set to mobilise all 36 states by year-end, converting petrol-powered vehicles to CNG, a cleaner and more affordable alternative.
The P-CNGi’s Programme Execution Coordinator, Folarin Oworu, announced this at a rally held at the Mando Inter State Terminal, Kaduna, on Thursday, where 100 conversion kits were distributed to commercial transport union members.
According to him, the initiative targets commercial vehicles, with partners in various states, aiming to convert 250,000 vehicles per year starting next year.
He stated that the conversion kits, worth N1.5m, would be free for transport unions, to reduce transportation costs for the masses.
He added that the next rally is scheduled for Lagos, with plans to cover all states before year-end.
Oworu said, “What we are doing here today is front-to-back CNG conversion mobilisation. Mr. President has decided to make conversion free for the road transport unions – that is the NURTW, NATO and other road transport unions.
“The idea is to bring down the cost of commercial transportation. How do we do that? It is by converting the commercial vehicles of transport unions to make their running cost cheaper. The idea is for them to translate these savings to the end users by making transportation cheaper.
“We are starting here in Kaduna and from Kaduna, we shall move to Lagos and before the end of the year, we would have gone to the whole 36 states.
“The signing of the Memorandum of Understanding was done by the conversion partners we have at the various locations. The commercial vehicles will go and have their vehicles converted. The conversion kits are one hundred per cent free. The conversion cost is one hundred per cent free. That is the agreement in the MOU.”
In his goodwill message, former National President of the National Union of Road Transport Workers, Najim Yasin, commended President Tinubu’s initiative on the P-CNGi agenda, aimed at converting commercial vehicles to use compressed natural gas.
Yasmin applauded the President’s support for the transport sector and the decision to provide conversion kits free of charge to commercial vehicles, estimated to benefit 1 million vehicles.
He encouraged members of NURTW, NATO, and other road users to key into the program, which is aimed at reducing the suffering of the masses by decreasing transportation costs and fuel prices.
Yasmin thanked the President and organisers for involving transport workers in the program and expressed appreciation for the support from neighbouring states.
He emphasised the program’s potential to reduce fuel prices and transportation costs, benefiting the masses. The program is set to roll out across all 36 states in the country.
Yasmin said, “This programme will move around the 36 states of this country. We, the National Union of Road Transport Workers of Nigeria, the National Association of Transport Owners, use this opportunity to commend President Bola Tinubu for this laudable initiative and support for the transport sector in Nigeria.
“I called on entire transport organizations- NURTWN, NATO…etc across the country to key into the programme. They have signed the agreement with the company for the conversion here in our present. We have got a number of vehicles that as of today can move to the conversion centres so that these vehicles can be converted one by one.
“This one is strictly for commercial vehicles and that is why we are involved so that we ensure that our members key into this programme. We appreciate Mr. President and all those who work tirelessly to make this programme a reality.
“We know how much a litre of fuel is now sold and if you fill your tank for N50,000, N45,000, it depends on the number of litres your vehicle is consuming. Before you go from Kaduna to Abuja, that fuel is gone. Automatically, it will affect the transport fare.”
The Presidential CNG initiative is a key component of President Bola Tinubu’s administration’s palliative measures to mitigate the effects of the fuel subsidy removal policy on the masses.
The initiative is seeking to provide relief to Nigerians by promoting the use of compressed natural gas as a cleaner and more affordable alternative to fuel.
The move is part of the government’s efforts to cushion the impact of the subsidy removal and ensure a smoother transition to a more sustainable energy future.
The All Progressives Congress has ordered all Primary Election Committees to submit reports and result sheets from its 2027 primaries by Monday, May 25, 2026.
The directive was announced in a statement issued May 24 by APC National Publicity Secretary Felix Morka. It covers governorship, senatorial, House of Representatives, and state assembly primaries.
The party said submissions for legislative bye-election reports will open on May 30, 2026.
National Organising Secretary Sulaiman Muhammad Argungu signed the notice and urged committees to ensure documents are submitted promptly and accurately.
APC said sticking to the deadlines is critical for transparency and credibility in its internal electoral process ahead of the 2027 general elections.
Edo South Senatorial District All Progressives Congress APC Senate flag bearer, Hon Omoregie Ogbeide-Ihama has hailed the reemergence of Bola Tinubu as APC presidential candidate in the 2027 general elections.
Ogbeide-Ihama in a congratulatory message he personally signed hailed President TInubu describing him as the iroko tree that provides shades for all.
Recall that Tinubu was declared winner of the keenly contested APC Presidential Primary, held at the Eagle Square in Abuja, said is truly the arrowhead of politics in Nigeria, adding that as one of the movers and shakers of APC from day one his victory did not come as a surprise.
He stressed that the emergence of Senator Tinubu was a result of dint of hard work, and that the votes that gave him victory was a clear manifestation of his general acceptance.
Ogbeide-Ihama noted that Tinubu is truly a political caterpillar that pilots his affairs without rancour with his massive shoulders warehousing all and sundry to the admiration of his political adversaries.
” I hail you my Excellency as you have proven it again that definitely you can take Nigeria to the next level.
The price of North Sea Brent crude and West Texas Intermediate slipped close to five percent to $99.41 and $92.49 a barrel, respectively.
The United States and Iran appear closer than ever to a deal that would end the war that has ravaged the Middle East since late February, sending energy prices soaring and stoking global inflation.
But sticking points in their negotiations have tempered hopes of a swift resolution to restore the transit of oil and gas through the Strait of Hormuz.
US President Donald Trump said on Sunday he had informed US negotiators “not to rush into a deal”.
“The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side,” a post to Trump’s official Truth Social account said.
Iran’s Tasnim news agency said that, based on their information, key clauses of a possible agreement remained unresolved.
One of the main sticking points has been whether Tehran is willing to hand over its stockpile of highly enriched uranium.
The release of Iran’s frozen assets held under longstanding US sanctions and whether Lebanon, repeatedly targeted by Israeli strikes, will be included in any peace deal are also key issues.
Markets across Asia climbed in early trade on hopes that Washington and Tehran will be able to overcome these hurdles.
Tokyo soared more than three percent in early trade on Monday, while Hong Kong and Seoul were closed for public holidays.
Shanghai inched upwards, with Taipei, Manila, Bangkok, Jakarta, Singapore, Sydney, and Wellington also climbing.
Kuala Lumpur was down 0.1 percent.
“The weekend news flow has once again focused on the prospects for a negotiated deal between the US and Iran,” said Chris Weston, head of research at Pepperstone.
“According to reports from Donald Trump, a memorandum of understanding has been ‘largely negotiated’, with details to be announced at some stage soon, although there appears to be limited urgency,” Weston said.
Investors will also be keeping an eye on how the US Federal Reserve and its new chief, Kevin Warsh, react to Personal Consumption Expenditures (PCE) data this week, as well as European inflation metrics.
“The inflation story remains central to the entire setup,” said SPI Asset Management analyst Stephen Innes.
“Investors will receive another critical read on Thursday with the release of the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge.
“After several hotter-than-expected consumer and producer inflation reports earlier this month, markets are increasingly concerned that elevated oil prices and supply disruptions tied to the Middle East conflict are beginning to seep into the broader inflation pipeline.”
The conflict erupted after the United States and Israel attacked Iran on February 28, and the Islamic Republic responded with missile and drone attacks across the region.
The United States and Iran have observed a ceasefire since April 8 while mediators push for a negotiated settlement, although Tehran has imposed controls on Gulf shipping and Washington has blockaded Iran’s ports.
Currency dealers monitor exchange rates as an electronic screen shows the prices of WTI (L), Brent crude (C), and Dubai crude (R) in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on March 13, 2026. (Photo by Jung Yeon-je / AFP)
Key Figures At Around 0215 GMT
Brent North Sea Crude: DOWN 3.99 per cent at $99.41 a barrel
West Texas Intermediate: DOWN 4.25 per cent at $92.49 a barrel
Tokyo – Nikkei 225: UP 3.2 per cent at 65,358.97
Shanghai – Composite: UP 0.3 per cent at 4123.89
Hong Kong – Hang Seng Index: UP 0.9 percent at 25,606.03 (close)
Euro/dollar: UP at 1.1640 from 1.1608 on Friday
Pound/dollar: UP at $1.3480 from $1.3441
Dollar/yen: DOWN at 158.86 from 159.13 yen
Euro/pound: DOWN at 86.35 from 86.36 pence
New York – DOW: UP 0.6 per cent at 50,579,70 (close)
New York – S&P 500: UP 0.4 per cent at 7,473.47 (close)
New York – Nasdaq: UP 0.2 per cent at 26,343.97 (close)
London – FTSE 100: UP 0.2 per cent at 10,466.26 (close)
Paris – CAC 40: UP 0.4 per cent at 8,115.75 (close)
Frankfurt – DAX 30: UP 1.2 per cent at 24,888.56 (close)
AFP
See Black Market Dollar To Naira Exchange Rate Today 25th May 2026
APC sets May 25 deadline for 2027 primary elections results submission
2027: Ogbeide-Ihama hails Tinubu’s reemergence as APC presidential flag bearer
-
News11 hours ago2027: Lamido’s son picks PDP gov’ship ticket in Jigawa
-
Sports11 hours agoEPL final day: Guardiola, Salah make history as they leave Man City, Liverpool
-
News11 hours agoNigeria-Vietnam Relations Growing in Trade and Investment — Amb. Bako
-
Sports11 hours agoArsenal coach, Arteta names world’s best manager, team in EPL history
-
Sports11 hours agoEnugu Rangers Beat Ikorodu City To Clinch Historic 9th NPFL Title
-
News11 hours agoCP condemns killing of 3 worshippers, abduction of 15 others in Kwara
-
News23 hours agoSad: Bandits storm Kwara Prayer Ground, kill three worshippers, abduct 15 others
-
Sports21 hours agoJust in: Celebration as Arsenal win premier league title after 22 years
Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login