Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    June 19, 2026

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    June 19, 2026

    BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn

    June 19, 2026
    Facebook X (Twitter) Instagram
    Trending
    • XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone
    • Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases
    • BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn
    • OPEC Estimates 23% Global Energy Demand Growth
    • Nigeria’s Debt Office to Reopen N1.2trn Bonds for Subscription
    • Excess Liquidity Expands by 37% as Banks Lock N5trn in SDF
    • South African Rand Steady as SARB Hawkish Tone Softens
    • Intel, Nvidia Drive Wall Street Rally, FTSE 100 Declines
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, June 19
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FG Begins Nationwide Distribution of CNG Conversion Kits

    FG Begins Nationwide Distribution of CNG Conversion Kits

    Marketforces AfricaBy Marketforces AfricaSeptember 15, 2024 News No Comments3 Mins Read
    FG Begins Nationwide Distribution of CNG Conversion Kits
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG Begins Nationwide Distribution of CNG Conversion Kits

    The Federal Government has commenced the distribution of Compressed Natural Gas (CNG) conversion kits nationwide, to fasttrack the change of petrol and diesel-powered vehicles to use of CNG.

    Mr Micheal Oluwagbemi, Programm Director, Presidential CNG Initiative (PCNGi) disclosed this during an inspection tour and distribution of the kits to six CNG conversion centres in Abuja

    The News Agency reports that the six conversion centres inspected by the team are, NIPCO Oil and Gas Station Airport Road, Kia Motors at Utako, Mijo Gas Auto in Jahi, ABG CNG, Kubwa, Bovas Filling station, Wuse Zone 5 and C&L Mart Energy Solutions Ltd at Lokogoma,

    Oluwagbemi said CNG initiative by President Bola Tinubu would provide cheaper and cleaner vehicle fueling alternative for Nigerians.

    “The President has assured that we are making one million conversion kits available for free for the commercial sector or at reasonable discounts for the private vehicles.

    “This is to enable transportation fare to be moderated across the country over the next couple of years.

     “Of course, it is.technically and logistically tasking to get the kits across to Nigerians because the kits must be installed in these vehicles and they have to be done in a way that is safe and reliable as well,“ he said.

    The coordinator said the federal government had signed up with over 75 conversion partners officially in eight states including Lagos, Ogun, Oyo, Edo, Delta, Kogi, FCT, and Kaduna.

    “These eight states are the ones where the conversion incentive program has kicked off. In the next six to eight weeks, we’ll be having additional nine states.

    The states to be included are,  Kwara, Ekiti. Akwa Ibom, Rivers, Abia, Enugu, Kano, and Niger.

    “These states will be joining the category of states where we have activated the program,” he said.

    Oluwagbemi said they were working with governors and private sector to ensure the conversion kits were made available to beneficiaries.

    “Of course, these kits are not manufactured in Nigeria at the moment. We are also enabling local manufacturers with capacity to ensure that we get them done locally.

     We need to make sure that we move the nation’s economy in the right direction; Away from our addiction to petrol and diesel which truly is making the nation’s economy, bankrupt,”  he said.

    For her part, the Coordinator of Business Development and Strategy of the initiative, Mrs Omolara Obileye said the programme would reduce the dependence on fuel.

    She reiterated that while the commercial transporters would have 100 per cent conversion-free, private cars are expected to pay a fraction of the cost of the conversion,

    “However, the cost depends on the vehicle size because there are different types of vehicles, and there is a need to understand exactly what we need to configure in the system.

    “We have over 12 conversion centres in the FCT; we will continue to increase the number and update the public,” she said

    Representatives of the management of the conversion centres, respectively commended the Federal government for the initiative and assured that it would go a long way in ameliorating sufferings if Nigerians. #FG Begins Nationwide Distribution of CNG Conversion Kits

    Banks Lose N42.6bn to Fraud, Forgeries Activities in 3-Month 

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn

    OPEC Estimates 23% Global Energy Demand Growth

    Nigeria’s Debt Office to Reopen N1.2trn Bonds for Subscription

    Excess Liquidity Expands by 37% as Banks Lock N5trn in SDF

    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    June 19, 2026

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    June 19, 2026

    BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn

    June 19, 2026

    OPEC Estimates 23% Global Energy Demand Growth

    June 19, 2026

    Nigeria’s Debt Office to Reopen N1.2trn Bonds for Subscription

    June 19, 2026
    Latest Posts

    XRP Price Declines to $1.12 on Forced Liquidations, US Fed Tone

    June 19, 2026

    Oil Prices Inch Towards ‘Pre-War’ as Supply Risk Eases

    June 19, 2026

    BTC, ETH, XRP Drag Crypto Market Cap Down to $2.15trn

    June 19, 2026

    OPEC Estimates 23% Global Energy Demand Growth

    June 19, 2026

    Nigeria’s Debt Office to Reopen N1.2trn Bonds for Subscription

    June 19, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.