Tag: PCNGI

Business

PCNGI attracts $500m, converts 50,000 vehicles to CNG nationwide

The Presidential Compressed Natural Gas Initiative has reported significant progress in its first year, attracting over $500 million in investments and facilitating the conversion of more than 50,000 vehicles to run on Compressed Natural Gas. In response to media reports alleging a slow rollout of CNG infrastructure, PCNGI Programme Director and CEO, Michael Oluwagbemi, described […]

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Nigeria to save $4.4bn by switching to compressed natural gas

The Federal Government of Nigeria has declared that by switching to compressed natural gas, the country will cut its yearly imports of Premium Motor Spirit, or gasoline, by nearly $4.4 billion. The announcement was made through the Presidential Compressed Natural Gas Initiative, which also stated that the government’s goal was to convert one million gasoline […]

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