CNG Investments Hit $500m –PCNGI Boss

The Programme Director and Chief Executive of the Presidential Compressed Natural Gas Initiative (PCNGI), Michael Oluwagbemi, has said that Nigeria has attracted over $500 million in investments in its push towards alternative transportation fuels.

He also said that no fewer than 50,000 vehicles had been converted to run on Compressed Natural Gas within its first year.

In a statement Oluwagbemi also said the programme which officially commenced in May 2024, has already created over 10,000 direct jobs and led to the establishment of 255 new vehicle conversion centres and 53 CNG dispensing daughter stations nationwide.

Read more at Newtelegraphng

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