The Federal Ministry of Youth Development has collaborated with the Presidential Initiative on Compressed Natural Gas to distribute over 2,000 CNG-powered tricycles to empower young people in Nigeria.
It would be recalled that President Bola Tinubu launched the Compressed Natural Gas (CNG) initiative to fuel vehicles at the rate of N230 per litre, providing Nigerians with a more affordable and sustainable alternative to petrol and diesel.
Through the program, the FG aims to convert approximately three million vehicles over the next three years, creating more than 100,000 direct jobs within that time frame.
The Minister of State for Youth Development, Ayodele Olawande, announced this at a press briefing in Abuja on Friday, where he also highlighted other initiatives of the ministry.
Olawande said:
He stated that by the end of this year, the initiative aims to reduce the current fuel expenses of tricycle riders, most of whom are youths, to just 20% of what they currently spend on PMS.
He further mentioned that this would create an opportunity to increase profits while also lowering transportation costs for passengers.
Recall that TimesNow.com.ng earlier reported that FG had begun distributing 1,000 vehicle conversion kits in various states to help alleviate the effects of the fuel subsidy removal.
In related news, TimesNow.com.ng reported that NNPC Ltd has called on Nigerians to consider switching to Compressed Natural Gas (CNG).
The NNPC has ramped up efforts to expand the availability of CNG at its filling stations nationwide amid rising petrol prices.
The company said CNG stations are now available in Abuja at Gaduwa, Wuse, Gudu, Dei Dei, Ushafa, and Gwagwalada.
Source: TimesNow.com.ng
