The Presidential Compressed Natural Gas Initiative (PCNGi) announced on Wednesday that it has converted over 100,000 vehicles to CNG or bi-fuel configurations, resulting in more than 60 per cent savings in fuel costs. PCNGI Project Director/CEO, Michael Oluwagbemi, disclosed this in a statement on Wednesday. The statement, titled “Status Update on the Presidential CNG Initiative”, noted that over $200 million …

The Presidential CNG Initiative (PCNG-i) is set to deploy the Nigeria Gas Vehicle Monitoring System to enhance safety in the Compressed Natural Gas (CNG) ecosystem. The programme director/chief executive, PCNG-i, Michael Oluwagbemi, who made this known on Friday, also stressed the importance of using accredited conversion centres across the country. Oluwagbemi noted the unfortunate incident that involved an illegally modified …

The Presidential Compressed Natural Gas Initiative (PCNGI) yesterday launched a Transport Fare Drop Programme aimed at reducing transportation costs across the country. The programme, which commenced in Abuja, involves a partnership with the National Union of Road Transport Workers (NURTW) to convert fleet vehicles to Compressed Natural Gas (CNG), resulting in a 30-40% fare reduction. In a statement, PCNGI’s Programme …

The Federal Government will spend an average of N36 billion to convert 30,000 petrol or diesel-powered vehicles to start running on Compressed Natural Gas in the next 90 days. The government said it had acquired 30,000 CNG conversion kits for distribution free of charge nationwide within the period. The kits and the conversion costs were valued at the rate of …

Finance Minister and coordinating Minister of the Economy, Mr. Olawale Edun has visited the JET Motor Company (JET) Assembly Plant in Lagos, where Compressed Natural Gas (CNG) buses are being assembled under the Presidential CNG Initiative (PCNGi.) Located in Lagos, JET is one of the four assembly plants picked by the PCNGi to assemble semi knocked down components of climate …