Metro

FG to roll out 5,000 CNG-powered tricycles over the next three month

In its effort to improve the usage of Compressed Natural Gas  in the country,  the Federal Government has put plans up to roll out 5,000 CNG-powered tricycles over the next three months.

Michael Oluwagbemi,  the Programme Director and Chief Executive, P-CNGi, made this known on Thursday at the inauguration of the Luojia Tricycle Assembly plant in Ogun State.

The government has continued to galvanise resources towards a mass adoption of CNG in the country.

According to him, the FG has introduced several incentives, including Value Added Tax exemptions and Custom duty waivers for CNG-powered tricycles and other vehicles entering the country.

The government, he said, had also mandated all Ministries, Departments, and Agencies to purchase only CNG-powered vehicles moving forward.

The, move, according to programme director, will drive the adoption of cleaner energy solutions across the country.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority is providing CNG at a concessionary price, offering more than a 40 per cent discount on the current price.

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