• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

CNG Initiative Targets Stable Supply to Ease Transport Costs

Olusola Blessing by Olusola Blessing
May 10, 2025
in Business, News
0
CNG Initiative Targets Stable Supply to Ease Transport Costs
Share

The Presidential Compressed Natural Gas Initiative (PCNGI) has pledged to tackle lingering supply bottlenecks in a renewed push to provide Nigerians with cheaper and more reliable fuel alternatives. As high transport fares continue to strain commuters across the country, the PCNGI says stable gas supply is the missing link in translating vehicle conversions into meaningful savings for the public.

Despite the Federal Government’s growing investment in CNG adoption, the expected drop in transport costs has yet to materialise on a wide scale. Many commuters still report high fares, prompting questions about the effectiveness of the programme. Engr. Michael Oluwagbemi, Coordinator of the PCNGI, acknowledged these concerns, noting that without a dependable supply chain, even the most robust adoption campaigns cannot deliver full value to end users.

“The issue isn’t whether people are using CNG vehicles. Adoption and awareness have significantly improved,” Oluwagbemi said. “But access to gas at the right price, in the right volume, and at the right location is what will drive real change.”

To bridge this gap, the PCNGI has partnered with the Gas Aggregation Company of Nigeria (GACN) to launch a new Domestic Gas Market Framework. Expected to go live within two weeks, this framework is designed to facilitate the consistent delivery of compressed natural gas at subsidised rates. The arrangement will serve as a backbone for the government’s push to make gas a viable and accessible alternative to petrol and diesel.

Oluwagbemi further explained that until the gas supply infrastructure becomes more robust and widespread, the initiative will lean on “passive enforcement” and “moral suasion” to persuade transport operators to reduce fares. This includes appealing to transport unions, operators, and fleet owners to act in good faith by reflecting fuel savings in their pricing structures.

“We are not mandating fare cuts yet because we understand the challenges operators face with inconsistent supply,” he added. “But we believe that with collaboration, transparency, and consistent delivery of gas, the benefits will begin to reach ordinary Nigerians.”

The PCNGI’s efforts are part of the broader national energy transition agenda, which aims to reduce dependence on imported fossil fuels, cut carbon emissions, and build a more sustainable transport sector. The initiative is also working to expand refueling infrastructure, train technicians, and offer incentives to drivers and fleet owners willing to switch to gas-powered vehicles.

For many Nigerians facing economic pressures, especially in the transport sector, the success of this programme could provide much-needed financial relief. As the PCNGI moves into this next phase of implementation, the hope is that affordable fuel will not only be an option—but a reality.

Post Views: 4
Share

Related Posts:

  • images (27)
    Abuja Introduces 40% Fare Cut for CNG Taxis to Ease…
  • SMEDAN Partners with Rolling Energy to Convert 100,000 Vehicles to CNG in 18 Months
    Lagos Residents to Get Free Vehicle Conversion to…
  • images (27)
    FG Clarifies CNG Loan Programme for Private Drivers,…
  • images (83)
    Nigeria Launches N2.5 Billion Credit Scheme for CNG…
  • images (6)
    PCNGI Partners Ax Gas to Launch Free CNG Auto…
  • Nigeria to cut Transportation Fares by 40% with Compressed Natural Gas Initiative
    Nigeria to cut Transportation Fares by 40% with…
Tags: CNGPCNGI
Previous Post

Airtel Nigeria to Double Investment in 2025, Targeting 5G Expansion and Rural Connectivity

Next Post

SEC Launches Technology Adoption Survey to Boost Innovation in Nigerian Capital Market

Next Post
SEC Launches Technology Adoption Survey to Boost Innovation in Nigerian Capital Market

SEC Launches Technology Adoption Survey to Boost Innovation in Nigerian Capital Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Nigeria to Train 365 Youths in Free Nationwide Automobile Programme
  • SEC Launches Technology Adoption Survey to Boost Innovation in Nigerian Capital Market
  • CNG Initiative Targets Stable Supply to Ease Transport Costs
  • Airtel Nigeria to Double Investment in 2025, Targeting 5G Expansion and Rural Connectivity
  • Edun Urges Finance Ministry to Drive Reforms Toward 7% Economic Growth

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2024
  • Otabor Osayomore Blessing on Ultimate 2024 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

Subscribe to our Weekly Newsletter
Don't miss out on Business Opportunities and News. 
We promise not to spam you. 
By subscribing, you agree with our privacy policy and our terms of service.