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PCNGI Rakes in $491M, Converts 30,000 Vehicles

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By Patrick Idowu

The Presidential Compressed Natural Gas Initiative has secured a staggering four hundred and ninety one million dollars in private sector investments within its first year, marking a major milestone in Nigeria’s push for cleaner energy.

Project Director and Chief Executive, Michael Oluwagbemi, disclosed this on Monday at a press briefing held at the Presidential Villa, Abuja.

He described the achievement as a bold step towards reshaping the nation’s transportation and energy sectors.

“The PCNGI has not only lowered the cost of living for Nigerians but also created real jobs, stimulated industrial growth, and enhanced environmental sustainability,” Oluwagbemi declared.

He credited the massive investment to growing stakeholder confidence and strong government incentives supporting the program.

Launched by President Bola Tinubu on October first, two thousand and twenty three, the PCNGI was designed to drive the adoption of compressed natural gas and electric vehicles as cost effective and environmentally friendly alternatives to petrol and diesel.

According to Oluwagbemi, over thirty thousand vehicles have already been successfully converted to run on compressed natural gas.

The initiative has also generated over nine thousand direct jobs and seventy five thousand indirect jobs, underscoring its impact on the economy.

A major boost to this success has been the rapid expansion of vehicle conversion centres.

From just seven at the inception of the programme, Nigeria now boasts more than two hundred centres nationwide under the Conversion Incentive Programme, which was launched in August two thousand and twenty four.

The ambitious programme aims to deliver up to one million free or subsidised vehicle conversions, with a special focus on public transport operators, ride sharing services, and government agencies.

Oluwagbemi announced that over ten thousand conversions are expected to be completed by the end of this quarter alone.

He also revealed the deployment of twenty two thousand conversion kits and the training of more than three thousand new technicians to accelerate progress.

Looking ahead, the PCNGI plans to extend the conversion programme to public servants through a financing partnership with CreditCorp, ensuring even broader adoption across the country.

With these developments, the Presidential Compressed Natural Gas Initiative is fast becoming a cornerstone of Nigeria’s green energy transition, promising cleaner transportation, new economic opportunities, and a brighter future for millions.

Energy

Tinubu Launches Electric Tricycle Scheme to Boost Youth Empowerment

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By Oso Abidemi 

President Bola Ahmed Tinubu has unveiled the Electric Tricycle Empowerment Initiative, a national programme aimed at reducing transportation costs, promoting clean energy and creating new job opportunities for young Nigerians.

Represented by the Minister of Labour and Productivity, Muhammadu Maigari Dingyadi, the President launched the initiative on Thursday in Abuja.

The project is spearheaded by the Federal Ministry of Youth Development in partnership with House of Destiny Global Services and the National Commercial Tricycle and Motorcycle Owners and Riders Association (NATOMORAS).

Tinubu said the rollout of electric tricycles underscores his administration’s commitment to a greener, more inclusive economy.

He noted that the scheme aligns with Nigeria’s energy transition plan, adding that electric tricycles could cut transportation costs by up to 40 per cent while offering an environmentally friendly alternative to petrol-powered versions.

In his remarks, Minister of Youth Development, Comrade Ayodele Olawande, described the programme as a major milestone for Nigerian youth, especially those in the informal sector.

He said the initiative reflects the Renewed Hope Agenda and would open opportunities in tricycle operation, repairs, battery maintenance, charging-station management and other areas within the electric mobility value chain.

Olawande announced that at least 100 start-up grants would be issued before the end of the year, with more targeted support programmes underway.

He also revealed ongoing collaboration with NASENI to produce made-in-Nigeria electric vehicles.

Permanent Secretary of the ministry, Dr Maryam Keshinro, represented by Joseph Samuel, said the launch marks a significant step toward eco-friendly transportation and green job creation.

NATOMORAS representative, Alhaji Usman Buba Gwoza, commended the Federal Government, describing the move as a turning point for the transport sector.

He said electric tricycles would relieve riders of high fuel costs while helping Nigeria cut emissions and modernise mobility systems.

He appealed for the provision of more electric tricycles, noting that NATOMORAS has over 18 million registered operators nationwide and that widespread adoption could significantly reduce youth unemployment.

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CNG-Powered Tricycles Debut in Kwara, Kogi

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By Njoku Chijioke

The rollout of Compressed Natural Gas (CNG)-powered tricycles has begun in Kwara State and is expected to extend to Kogi, as Nigeria pushes for cleaner energy, lower transport costs, and environmental sustainability.

The initiative aligns with the Federal Government’s strategy to expand CNG-powered mobility nationwide.

Kwara State Governor AbdulRahman AbdulRazaq recently took delivery of 20 CNG-powered buses and 20 tricycles from the Presidential Compressed Natural Gas Initiative (PCNGI) to boost mass transit.

The government is partnering with B-One Mobility Limited, an Indian firm establishing a CNG vehicle assembly plant in Kwara, to create jobs, reduce poverty, and provide affordable transport.

CNG tricycles are more cost-efficient and emit less carbon. In Kaduna, operators reported fuel costs dropping from ₦13,000–₦15,000 daily (petrol) to ₦2,000–₦3,000 (CNG).

The Federal Government plans to convert about one million vehicles from petrol to CNG and deploy 5,000 CNG tricycles within three months, in line with President Bola Tinubu’s vision for a cleaner energy future.

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Finance Ministry Receives PCNGI’s CNG Buses for Sustainable Transport

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By Salihu Mohammed

In a significant stride towards sustainable energy and reduced transportation costs, the Presidential Compressed Natural Gas Initiative (PCNGI) on Tuesday, July 23, 2025, officially handed over three Compressed Natural Gas (CNG) powered buses to the Federal Ministry of Finance. The ceremony, held in Abuja, marks a pivotal moment in the Federal Government’s ambitious agenda to transition Nigeria’s transport sector to cleaner, more affordable energy sources.

The PCNGI delegation, led by its Executive Chairman, Barrister Ismaeel Ahmed, and Program Director, Engr. Michael Oluwagbemi, emphasized the strategic importance of the handover. These initial CNG-powered buses are a tangible outcome of a broader national strategy designed to significantly lower transportation expenses and reduce carbon emissions across the country.

According to Barrister Ahmed, the deployment of these buses is intended to serve as a practical demonstration and a catalyst for the widespread adoption of CNG as a viable alternative fuel. Engr. Oluwagbemi further highlighted the initiative’s role in bolstering Nigeria’s energy security, underscoring the long-term benefits for all citizens.

This move by the PCNGI is expected to pave the way for more widespread integration of CNG into both public and private transportation fleets, aligning with Nigeria’s commitment to environmental sustainability and economic efficiency.

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