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FG Launches CNG Conversion Incentive Program In Akwa Ibom
FG Launches CNG Conversion Incentive Program In Akwa Ibom. The Federal Government has officially introduced the Conversion Incentive Programme in Uyo, the capital of Akwa Ibom State, as a significant move to diversify the transportation sector and decrease oil dependency in the region.....KINDLY READ THE FULL STORY HERE▶
During a brief ceremony at Nsik Motors Terminal, Itam, Uyo, Programme Director and Chief Executive of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, stated that the initiative aims to alleviate the financial pressures arising from the removal of fuel subsidies.
Oluwagbemi, represented by Commercials head Mr. Tosin Coker, noted that this program is a pilot project intended to set a new standard for CNG vehicle conversion and training in the state. He emphasized, “The Presidential CNG Initiative (Pi-CNG) is part of the relief measures by President Bola Tinubu’s administration to support Nigerians facing challenges after the fuel subsidy removal.”
He revealed that the federal government will provide kits and cylinders to all commercial vehicles through accredited Conversion Centres at no cost. “This conversion will be offered for free to all commercial transporters,” he affirmed, adding that Mr. President has mandated the availability of these resources.
Oluwagbemi encouraged transport unions, including state and local entities, to engage with the initiative for cleaner and more reliable transportation options.
Nsikan Johnny, Chairman of Nsik Oil and Gas Limited, expressed gratitude to the federal government for the initiative, highlighting the conversion of vehicles to CNG as a significant relief to ease economic hardship from subsidy removal. He committed to promoting clean energy and announced plans to establish a mother station for compressed natural gas in Esit Eket Local Government Area.
The Akwa Ibom State Commissioner for Transport, represented by Director of Transport Bassey Akpanonong, conveyed the state government’s support for the Presidential CNG Initiative, which is expected to facilitate a successful energy transition for its citizens.
The event culminated in the signing of a Memorandum of Understanding between the PCNGI, Nsik Oil and Gas, and two other entities.
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Dollar To Naira Exchange Rate Today, April 21st, 2026.
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Revelation Stirs Reactions As Lawal Speaks On Buhari-Tinubu Conversation.
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