CNG initiative will ease hardships, boost economic activities: TMV
The Tinubu Media Volunteers (TMV) has urged Nigerians to see the Federal Government’s emphasis and support for the use of Compressed Natural Gas (CNG) as another form of palliative and business opportunity.
The group’s chairman, Chukwudi Enekwechi, said this in a statement on Monday in Abuja.
Mr Enekwechi noted that the initiative was meant to provide succour for Nigerians and open up another level of economic activities.
He explained that CNG was a cleaner and cheaper source of energy and environmentally-friendly that would be affordable to all classes of Nigerians.
He further noted that Nigeria had a huge gas deposit which had remained untapped over the years.
He added that the attention President Bola Tinubu-led administration was drawing to its use would greatly impact and stimulate the country’s economy as well as maximise its use.
“Apart from CNG, it is gratifying that the federal government has gone further to stop the export of Liquefied Petroleum Gas (LPG) also known as cooking gas.
“As a means of mitigating the soaring prices of the product and meeting local demand. It is also gladdening in its effort to make CNG available to all users.
“The Nigerian National Petroleum Company Limited (NNPCL) is establishing 40 CNG stations and depots across the country in order to ensure easy accessibility for Nigerians,” Mr Enekwechi said.
He, therefore, called on the citizenry to take to the advice of Mr Tinubu by signing up to the CNG initiative which at N200 per standard cubic metre was cheaper than its PMS equivalent of N1,000 a litre.
The TMV chairman urged those saddled with the responsibility of ensuring easy accessibility to CNG kits, especially for commercial operations, to live up to their responsibilities.
The Presidential CNG Initiative (Pi-CNG) is a component of the palliative intervention of Mr Tinubu’s administration directed at providing succour to the masses occasioned by the transitive hardships of the fuel subsidy removal policy of the federal government of Nigeria.
With the recent launch of the P-CNGi, the federal government seeks to utilise CNG for transportation and thus targets to launch one million CNG vehicles by 2027.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
Netanyahu sacks Defence Minister Yoav Gallant over Gaza war disagreements
Mr Gallant, a senior figure in Mr Netanyahu’s Likud party, had become increasingly vocal about his differences with the prime minister.
World
Two billion urban residents will be exposed to additional temperature increase by 2040: UN
A new UN report published Tuesday revealed that the temperature increase would affect mostly urban residents.
Economy
NGX rebounds, investors gain N131 billion
Analysis of the market activities showed trade turnover settled higher relative to the previous session.
States
Gov Sule presents N156.6 billion supplementary budget to Nasarawa assembly
The supplementary appropriation bill, if approved, would take the Nasarawa State government’s 2024 budget to N356.5 billion.
Politics
Alleged Fraud: PDP demands release of Okowa, accuses EFCC of witch-hunting opposition
EFCC operatives had confirmed the arrest of Mr Okowa, the PDP vice-presidential candidate in the 2023 general elections.
NationWide
Tinubu decorates acting COAS Oluyede with new rank
The decoration of the acting army chief was held at Mr Tinubu’s office, according to a statement by presidential aide Bayo Onanuga.