Nigerian Government Unveils 2,000 CNG-powered Tricycles Amid High Petrol Price
- FG is set to distribute more than 2,000 CNG-powered tricycles as part of efforts to empower young people in Nigeria
- The initiative aims to reduce the current fuel expenses of tricycle riders to just 20% of what they currently spend on PMS
- Through the program, the FG aims to convert approximately three million vehicles over the next three years
Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology and the stock market.
The Federal Ministry of Youth Development has collaborated with the Presidential Initiative on Compressed Natural Gas to distribute over 2,000 CNG-powered tricycles to empower young people in Nigeria.
Source: UGC
It would be recalled that President Bola Tinubu launched the Compressed Natural Gas (CNG) initiative to fuel vehicles at the rate of N230 per litre, providing Nigerians with a more affordable and sustainable alternative to petrol and diesel.
Through the program, the FG aims to convert approximately three million vehicles over the next three years, creating more than 100,000 direct jobs within that time frame.
FG rolls out 2,000 CNG tricycles
The Minister of State for Youth Development, Ayodele Olawande, announced this at a press briefing in Abuja on Friday, where he also highlighted other initiatives of the ministry.
Olawande said:
“By Tuesday, October 1, we will be launching the first phase of the project to be distributing 2,000 tricycles in collaboration with the Presidential CNG and will be championed by the Ministry of Youth.”
He stated that by the end of this year, the initiative aims to reduce the current fuel expenses of tricycle riders, most of whom are youths, to just 20% of what they currently spend on PMS.
He further mentioned that this would create an opportunity to increase profits while also lowering transportation costs for passengers.
Recall that Legit.ng earlier reported that FG had begun distributing 1,000 vehicle conversion kits in various states to help alleviate the effects of the fuel subsidy removal.
NNPC unveils six new locations for CNG
In related news, Legit.ng reported that NNPC Ltd has called on Nigerians to consider switching to Compressed Natural Gas (CNG).
The NNPC has ramped up efforts to expand the availability of CNG at its filling stations nationwide amid rising petrol prices.
The company said CNG stations are now available in Abuja at Gaduwa, Wuse, Gudu, Dei Dei, Ushafa, and Gwagwalada.
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Source: Legit.ng
