{"id":61929,"date":"2025-03-01T05:20:24","date_gmt":"2025-03-01T05:20:24","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=61929"},"modified":"2025-03-01T05:20:24","modified_gmt":"2025-03-01T05:20:24","slug":"cng-fg-plans-financing-scheme-for-private-car-conversion","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/03\/01\/cng-fg-plans-financing-scheme-for-private-car-conversion\/","title":{"rendered":"CNG: FG Plans Financing Scheme for Private Car Conversion"},"content":{"rendered":"<p><strong>By Patrick Idowu\u00a0<\/strong><\/p>\n<p>The Federal Government, through the Presidential Compressed Natural Gas (P-CNG) Initiative, is set to launch a financing scheme that will enable private car owners to convert their petrol-powered vehicles to Compressed Natural Gas (CNG), with a structured payment plan.<\/p>\n<p>Programme Director and Chief Executive of P-CNG, Michael Oluwagbemi, disclosed this in Lagos during a sensitization exercise at commercial bus parks.<\/p>\n<p>He emphasized that the financing scheme aims to make CNG conversion accessible to more Nigerians, aligning with the administration\u2019s goal of transitioning one million vehicles to CNG within three years.<\/p>\n<p>As part of the broader campaign, Oluwagbemi revealed that the government is currently facilitating the free conversion of 10,000 commercial buses in Lagos and Abuja within the next 10 weeks.<\/p>\n<p>This initiative is expected to significantly reduce transportation costs and promote cleaner energy use in the country.<\/p>\n<p>Additionally, the recent commissioning of the Portland Gas CNG Mobile Refill Units in Ojota, Lagos, marks a key milestone in ensuring easy refueling for CNG-powered vehicles.<\/p>\n<p>Oluwagbemi reaffirmed the government&#8217;s commitment to making CNG adoption seamless, stressing that it would cut operating costs for transporters by up to 90%, ultimately benefiting the wider population.<\/p>\n<p>He encouraged private car owners to take advantage of the upcoming financing scheme, which will allow gradual repayment for conversions, ensuring affordability and wider adoption of CNG technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Patrick Idowu\u00a0 The Federal Government, through the Presidential Compressed Natural Gas (P-CNG) Initiative, is set to launch a financing scheme that will enable private car owners to convert their petrol-powered vehicles to Compressed Natural Gas (CNG), with a structured payment plan. Programme Director and Chief Executive of P-CNG, Michael Oluwagbemi, disclosed this in Lagos [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":61930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-61929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=61929"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61929\/revisions"}],"predecessor-version":[{"id":61931,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61929\/revisions\/61931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/61930"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=61929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=61929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=61929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}