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Tinubu introduces fuel at N230 per litre with CNG
In a strategic move to reduce fuel costs and provide Nigerians with an affordable alternative to petrol and diesel, President Bola Ahmed Tinubu has made Compressed Natural Gas (CNG) available for vehicles at N230 per litre.
This initiative offers a cheaper and cleaner alternative to petrol, which currently sells for over N900 per litre, reflecting the President’s commitment to lowering the cost of living and alleviating the pressures of fuel subsidy removal.
The Presidential Compressed Natural Gas Initiative (PCNGi), launched under President Tinubu’s directive, aims to deliver wide-reaching benefits by significantly cutting fuel costs.
The introduction of CNG as a fuel source aligns with the government’s drive towards energy diversification and is designed to bring immediate relief to Nigerians, especially those who depend on transport for their livelihoods.
As part of this initiative, President Tinubu has ordered the distribution of one million free CNG conversion kits to commercial vehicles involved in transporting people, food, and goods.
These kits, along with free installation, will be rolled out over the next 18 months, helping the transport sector transition to CNG and benefit from significantly lower fuel prices. The distribution of these kits will be conducted in collaboration with key partners, ensuring nationwide accessibility.
In the first phase of the initiative, PCNGi will begin the immediate distribution of 10,000 free conversion kits this week.
These kits will be provided at no cost to transport operators through key national transport associations, including the National Union of Road Transport Workers (NURTW), Moove, Uber, and the Kaduna State Transport Authority (KSTA).
This will enable commercial drivers to switch their vehicles to run on CNG, easing the cost burdens for both transporters and the public.
The distribution process is supported by PCNGi in partnership with NIPCO Gas, which will manage the conversion process through a network of authorized conversion centers across Nigeria. These centers will provide the necessary infrastructure and services to ensure a smooth transition for vehicles switching to CNG.
By adopting CNG, Nigeria is embracing a cleaner, cheaper, and more sustainable fuel alternative that benefits both the economy and the environment. The government’s goal is to distribute the full one million conversion kits by the end of 2025, ensuring Nigeria’s commercial transport sector is fully equipped to adopt CNG and reduce dependence on costly petrol and diesel.
Some of the 184 active conversion centers include Kojo Motors, Surulere; OttoXpress Limited, Ikoyi; AutoMedics Limited, Ilupeju; Briscoe Nigeria Plc, Rivers; Rolling Energy Limited, Kwara State; Nsik Oil and Gas Company, Akwa Ibom; NITT, Gombe; NITT, Ekiti; NIPCO Gas, Ibafo; NIPCO Gas Ltd, Abuja; NIPCO Gas, Sapele; and BOVAS in Idimu-Ikotun, Lagos, among many others.
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Just in: Tinubu exposes those behind deadly stampedes
President Bola Tinubu has accused organisers for the deadly stampedes that occurred during the distribution of relief materials in three states.
Recall in the past week, chaotic scenes in Ibadan, Anambra and Abuja led to the deaths of over 60 people, including children, as crowds scrambled for food items.
During a Presidential Media Chat on Monday, Tinubu described the events as a critical failure in planning and execution.
Condolences to those who lost a family member, but it is good to give. I have been giving out food stuff, commodities, etc. in Bourdillon.
“I am an organized person and that’s why I have been giving people food for the past 25 years and no incident has happened.
“Let this tragedy not affect us”, the Nigerian leader said.
The president also said he has no plans to reduce his cabinet or sack more ministers.
For the controversial tax reform bills, he said it has come to stay.
He also revealed he has no regrets removing fuel subsidy.
He declared utmost confidence in his security chiefs saying over the past decades, wanton killings has reduced drastically.
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Tinubu To Hold Maiden Presidential Media Chat Tonight
President Bola Tinubu will hold first presidential chat since assuming office on Monday night.
Accoding to a statement released by presidential spokesperson, Bayo Onanuga, the chat will be broadcast at 9 p.m. on the stations of Nigerian Television Authority (NTA) and Federal Radio Corporation of Nigeria (FRCN).
All television and radio stations are requested to hook up to the broadcast.
“The first Presidential Media Chat with President Bola Ahmed Tinubu will be broadcast at 9 p.m. on Monday, December 23, on the Nigerian Television Authority and Federal Radio Corporation of Nigeria.
“All television and radio stations are requested to hook up to the broadcast,” the statement.
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‘Putin waiting to meet me as soon as possible’ to end Ukraine war – Trump
The US President-elect took to the stage AmFest in Phoenix to talk about his contact with the Russian leader.
He told the crowd: “President Putin has said he want to meet with me as soon as possible.”
Trump went on to brand the war “horrible” and stated it needed to end. It is not known whether or not this meeting will take place in person. His comments at the event in the US come as Putin met with another world leader.
Putin held talks in the Kremlin today (December 22) with Slovakia’s prime minister, Robert Fico, in a rare visit to Moscow by an EU leader since Russia’s all-out invasion of Ukraine in February 2022.
Fico arrived in Russia on a “working visit” and met with Putin one-on-one. Kremlin spokesman Dmitry Peskov told Russia’s RIA agency that the talks would focus on “the international situation” and Russian natural gas deliveries.
Visits and phone calls from European leaders to Putin have been rare since Moscow sent troops into Ukraine, although Hungary’s PM Viktor Orban visited Russia in July. Orban’s visit drew condemnation from Kyiv and European leaders.Fico’s views on Russia’s war on Ukraine differ sharply from most other European leaders. The Slovakian PM returned to power last year after his leftist party Smer (Direction) won parliamentary elections on a pro-Russia and anti-American platform. Since then, he has ended his country’s military aid for Ukraine, hit out at EU sanctions on Russia, and vowed to block Ukraine from joining NATO.
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