• About Us
  • Contact Us
  • Privacy & Policy
Thursday, July 10, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

CNG Initiative Takes Off, Innoson, Tinubu Meet to Finalize Plans

Vincent Amadi by Vincent Amadi
February 28, 2025
in Economy
Reading Time: 2 mins read
A A
0
CNG Initiative Takes Off, Innoson, Tinubu Meet to Finalize Plans
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


Mr. Innocent Chukwuma, founder and CEO of Innoson Vehicle Manufacturing, announced that commuters will soon be able to benefit from cheaper transportation through natural gas buses.

He also urged Nigerians to be patient with the Bola Tinubu administration, asking them to “give him time.”
“I’ve discussed with him (President Tinubu), and soon the masses will have plenty of CNG buses on the road,” Chukwuma told reporters after emerging from a closed-door talks with President Bola Tinubu at the Aso Rock Presidential Villa in Abuja on Thursday.


The auto-entrepreneur described the president’s CNG initiative as “the way forward” for the country.
He said, “The government’s initiative on CNG is the best idea for transportation in this country because CNG offers many benefits for Nigeria.
“That benefit is what I recognized before I started the factory to produce vehicles that run on CNG. I began producing CNG kits before the announcement.
“So today, everyone who tries CNG will find that it is the way forward for this nation.”


Thursday’s meeting follows President Tinubu’s national address five days ago, in which he pledged “a million kits at extremely low or no cost to commercial vehicles that transport people and goods and who currently consume 80 percent of the imported Premium Motor Spirit and Automotive Gas Oil.”
Tinubu maintained that despite its abundant oil and gas reserves, Nigeria is relying solely on oil-based petrol and ignoring its gas reserves to boost the economy. He explained that the CNG initiative would save the country 2 trillion naira per month.
“We were also using our hard-earned foreign exchange to pay for and subsidize its use.
“To address this, we have launched our Compressed Natural Gas Initiative to power our transportation economy and reduce costs.
“This will save over two trillion Naira a month, which is currently used to import PMS and AGO, and free up our resources for greater investment in healthcare and education,” Tinubu said.

Continue Reading
Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

2 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

3 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

3 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Edo election: I can’t pretend what Supreme Court delivered is justice — Ighodalo

Edo election: I can’t pretend what Supreme Court delivered is justice — Ighodalo

July 10, 2025
Napoli rejects Galatasaray €75m offer for Osimhen

Napoli rejects Galatasaray €75m offer for Osimhen

July 10, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address