Tinubu announces key presidential initiative appointments, formation of new committee

President Bola Tinubu has appointed the steering committee for the Presidential Initiative on Compressed Natural Gas (PICNG).

The committee will be headed by Zacch Adedeji, the acting executive chairman of the Federal Inland Revenue Service (FIRS).

Legit.ng understands that the committee's primary focus will be to develop strategies aimed at expediting the implementation of the presidential directives regarding the Compressed Natural Gas initiative.

According to a tweet shared late on Saturday, October 14 by the presidency’s official X (formerly Twitter) handle, Adedeji and his team members “will be working on the development and promotion of natural gas as an alternative fuel source, in line with the commitment of President Tinubu to mitigate the impact of fuel subsidy removal on the people of Nigeria”.

In August, President Tinubu approved the establishment of the PICNG.

Authorities say the CNG initiative seeks to ease the impacts of fuel subsidy removal on the citizenry by reducing energy costs.

The Special Adviser to the President (Media and Publicity), Ajuri Ngelale, said at the time that the initiative targets over 11,500 new CNG-enabled vehicles.

Also included in the target are 55,000 CNG conversion kits for existing PMS-dependent vehicles.