Business News

Private Sector Pumps $50m into Presidential CNG Initiative

presidential CNG initiative

By Adedapo Adesanya Nigeria’s private sector has injected more than $50 million in actual investments in refuelling stations, conversion centres, and mother stations in the Presidential Compressed Natural Gas Initiative (PCNGI), which is set for initial rollout to the public by the end of May. The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed this in a statement on Sunday in Abuja, saying the programme was part of the many intervention programmes to reduce the burden of an increase in pump price on the masses. To actualise the programme, President Bola Tinubu launched the presidential