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530 CNG Buses For Deployment In Lagos, Oyo, Kwara, FCT, Others
The process for nationwide deployment of Compressed Natural Gas (CNG) vehicles has commenced. Not less than 530 buses are to be deployed by the end of the month in six pioneering states.
These are Oyo, Lagos, Kwara, Kogi, Kaduna, Nasarawa, and the Federal Capital Territory (FCT) Abuja.
Programme Director of the Presidential Compressed Natural Gas Initiative (PCNGI) Michael Oluwagbemi stated this yesterday.
It was during the event signaling the commencement of 15-day-long activities ahead of the rollout.
He said the distribution is on a demand-led basis. He added that efforts would be accelerated at the conversion of diesel and petrol-fuel engines across the country.
According to Oluwagbemi, President Tinubu has directed the PCNGI to ensure the conversion of at least 10 per cent of the total number of vehicles in the country in the first year of the rollout of the initiative.
The programme began yesterday in the Southwest with the Presidential (virtual) commissioning of the critical gas supply projects.
Today, the team will inspect the Jets and Mikano Factory along with representatives of the Ministry of Labour and workers unions.
Southsouth and Southeast stakeholders engagement will be held tomorrow in Port Harcourt, the Rivers State capital.
Affiliate conversion and refuelling at the Femadec Site as well as an inspection tour of the Total Energies support station are planned.
Another six-day inspection tour of the Kojo Factory at the Enugu-Onitsha Site will begin on May 24 to receive the first set of assembled tricycles, buses, cylinders and kits ahead of the official launch.
The Luojia Assembly Plant for CNG tricycles on the Lagos-Ibadan Expressway will be inaugurated on May 30.
“These programmes are a fulfilment of President Bola Ahmed Tinubu’s promise to drive Nigeria’s energy transition in the transportation sector leveraging CNG and enabling economic growth,” Oluwagbemi stated.
He noted the President’s political will to ensure the full utilisation of natural gas which hitherto was being flared.
Oluwagbemi, who said gas is present in commercial quantity in 30 of the 36 states of the federation, added that though CNG penetration (via filling stations) until last year had been less than 20, this has grown to 50 this month.
He said about 100 are ready to be deployed by June while applications for another 150 are awaiting approvals.
Addressing transport sector stakeholders from Lagos, Ogun and Oyo states, Oluwagbemi said to encourage CNG penetration, the Nigerian Midstream and Downstream Petroleum Regulation Authority (NMDPRA) has directed all filling stations in Nigeria to install gas pump points in their stations.
“Going forward, it would be illegal to operate a filling station in Nigeria without a gas filling point within your premises and this will further boost accessibility to the commodity by end users,” Oluwagbemi said.
He clarified that the commodity is different from Liquefied gas (domestic gas) which is a byproduct of petroleum products.
He clarified that because CNG is a natural gas, it is lighter than the air, and the rate of its dissipating into the atmosphere is so fast that it will not combust.
Oluwagbemi commended NIPCO Gas Ltd and Bovas Gas Ltd, the programme’s leading partners for the various initiatives aimed at CNG penetration in the country.
He said the programme would also be developing the capacity of local technicians and engineers in the entire CNG value chain.
Minister of State for Labour and Employment Mrs Nkeiruka Onyejeocha urged Nigerians to back the initiative.
Addressing stakeholders at the Event Centre in Ikeja, she said the ministry was mobilising all workers to key into the programme and embrace the transition from fossil fuel-dependent vehicles to CNG.
She said: “Though several administrations paid lip service to the transition from fossil to CNG, President Bola Tinubu has shown unwavering commitment to the paradigm shift in energy transition from an unpredictable energy to a more sustainable and inclusive energy.
“The President’s dream is working already and it will come to fruition and the Ministry of Labour and Employment is committed to ensuring that the policy creates jobs for Nigerians.”
Special Adviser to the President on Information and Strategy, Bayo Onanuga, expressed happiness that Nigeria is on the verge of an energy transition that is akin to a revolution in the energy mix.
He said the CNG is not only in abundance in Nigeria, it is cleaner than fossil fuel and more economically friendly and capable of bringing down inflation occasioned by the cost of food.
Oyo State Commissioner for Works, Prof. Daud Sangodoyin, said the state only recently deployed CNG buses as part of the pilot phase which would soon go around all parts of the state.
Executive Director of Centre for Mobility and Access Development, Dr Kayode Opeifa, said the CNG would be a catalyst for the economy and break the monopoly enjoyed by fossil fuel.
News
Just In: Tinubu’s 2027 Re-election Bid Begins As Faleke Picks Up Official Forms
James Faleke, a member of the House of Representatives and founder of the Tinubu Support Group (TSG), has officially picked up the All Progressives Congress (APC) presidential nomination forms for President Bola Tinubu’s 2027 re-election bid.
The forms, which include the Expression of Interest and Nomination forms, were obtained on April 28, 2026, following a payment of ₦100 million. This move effectively kicks off the President’s campaign for a second term.
The APC National Organising Secretary, Suleiman Argungu, on Tuesday in Abuja, declared the process open and presented the Expression of Interest and Nomination forms to Faleke, who also serves as the founder of the Tinubu Support Groups.
The Independent National Electoral Commission has scheduled the Presidential and National Assembly elections for Saturday, January 16, 2027, while governorship and State Houses of Assembly elections will hold on Saturday, February 6, 2027.
The commission also announced that party primaries, including the resolution of related disputes, will run from April 23, 2026, to May 30, 2026.
INEC further stated that campaigns for the presidential and National Assembly elections will begin on August 19, 2026, while those for governorship and state assembly elections will commence on September 9, 2026.
More details later…
News
USD To NGN: Current Exchange Rates For April 28, 2026
The Nigerian Naira maintained a steady yet cautious position against the US Dollar as the market opened for trading today, Tuesday, April 28, 2026.
Financial analysts are observing localised fluctuations in liquidity across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market segments.
Official Market (NFEM) Activity
In the early trading hours of the official window, the Naira showed resilience, trading at approximately 1,360.19 NGN per 1 USD. This follows a trend of minor adjustments as the FMDQ Securities Exchange records ongoing transactions from institutional buyers and sellers. The rate has seen slight volatility since the market opened, moving from an initial 1,359.23 NGN to its current level as demand and supply forces seek a daily equilibrium.
The Central Bank of Nigeria continues to monitor the official window closely, ensuring that the transparency of the “willing buyer, willing seller” model supports price discovery while mitigating drastic shocks to the local currency.
Parallel Market Trends
The informal parallel market continues to operate at a premium, reflecting the immediate retail demand for the greenback. In major cities such as Lagos, Kano, and Port Harcourt, currency dealers are quoting the Dollar between 1,480 NGN and 1,495 NGN.
The gap between the NFEM and the parallel market remains a focal point for economic observers, as it often indicates the level of unmet demand in the official sectors. Traders in the parallel market suggest that small-scale importers and individual travelers are the primary drivers of the current activity in the informal sector this morning.
Factors Affecting Today’s Rate
Today’s market performance is being influenced by several key macroeconomic factors. Global oil prices remain a significant driver, providing the necessary foreign exchange reserves to support the Naira. Additionally, internal market liquidity is being shaped by the clearance of corporate foreign exchange backlogs and seasonal demand for international payments.
As the day progresses, participants expect the market to remain within the current range unless there is a significant intervention or a shift in global market sentiment. Stakeholders are advised to keep track of the closing rates later today to gauge the definitive performance of the Naira for the midweek trading period.
News
2027: Sanwo-Olu Officially Endorses Obafemi Hamzat As Successor
Lagos State Governor Babajide Sanwo-Olu has officially endorsed his deputy, Dr. Obafemi Hamzat, as his preferred successor for the 2027 governorship election.
The announcement was made on Monday, April 27, 2026, during a meeting at the Lagos House, Marina, where Hamzat formally declared his intention to run.
In the past few weeks, Hamzat has received widespread endorsement from political and community leaders across the state during his various consultative visits.
Recall that the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, had expressed support for Hamzat’s governorship bid.
Also, the Chief of Staff to the President, Femi Gbajabiamila; Senator representing Lagos East, Tokunbo Abiru; and former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and other stakeholders have endorsed Hamzat’s gubernatorial bid.
Details shortly…
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