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Business News of Monday, 22 April 2024

Source: www.mynigeria.com

FG set to roll out 2,700 CNG buses, tricycles in May

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The Federal Government has revealed that it would be launching about 2,700 Compressed Natural Gas-powered buses and tricycles before May 29 when President Bola Tinubu celebrates one year anniversary in office.

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

Mr Bayo Onanuga, the Special Adviser to the President on Information and Strategy, made this known in a statement released on Sunday, April 22, 2024 titled ‘Presidential CNG initiative set for rollout.’

Parts of the statement read: “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.”

The statement further disclosed that more than 600 buses are targeted for production in the first phase which will be accomplished in 2024.

BEB