• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Tuesday, April 28, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home Business

Fuel Subsidy Removal: FG Unveils CNG – powered Keke NAPEP to reduce cost of transportation

Ojimaojo Abubakar by Ojimaojo Abubakar
December 2, 2023
in Business
0
Fuel Subsidy Removal: FG Unveils CNG – powered Keke NAPEP to reduce cost of transportation
0
SHARES
18
VIEWS
FacebookTwitterWhatsappEmailTelegram

As part of an effort to cushion the excruciating impact of the fuel subsidy removal on Nigerians, the Federal Government has launched the Compressed Natural Gas (CNG) ‘Keke NAPEP’ to cut down the high cost of transportation.

 

The National Orientation Agency (NOA) in collaboration with the SIMBA Group of Companies (Nigeria), and the ECOMEAD ACRES, launched the CNG Keke on Friday in Abuja.

RelatedPosts

UAE Quits OPEC and OPEC+ in Strategic Shift

DMO to auction N700bn FGN bonds at N1,000 per unit

IMF Backs Nigeria’s Bank Recapitalisation, Urges Stronger Fiscal Defences

 

Addressing journalists during the unveiling, the Director-General of NOA, Lanre Issa-Onilu, noted that the aim is to consume far less fuel compared to the existing tricycles that use petrol, as such will cut down the cost of transportation to the barest minimum.

 

He said that the project is focused on touching the lives of the ordinary Nigerians especially those living in the rural areas, and in consonant with Mr President’s renewed hope agenda.

 

He noted that the federal government has established about 10,000 CNG stations across the country to ensure the availability of the compressed natural gas to the users of the newly launched tricycles.

 

He assured Nigerians that the CNG Keke NAPEP will drastically reduce the high cost of transportation and other similar challenges currently experienced by Nigerians.

 

He also revealed that the CNG is environment friendly and will reduce the pollution caused by the use of petrol, and by extension address the challenge of climate change.

ALSO READ:  CBN raises interest rate to 27.5%

 

Issa-Onilu said: “This press conference is to address the very important issue of transportation, as a fallout of the removal of fuel subsidy. It is the policy of the government to provide immediate succor in terms of palliative.

 

“The President in his address to the nation several times reiterated the fact that a lot of interventions are on foot regarding how to reduce the impact the subsidy removal has had on all of us.

 

“And also, the issue of reducing our dependence on petroleum products as the only means of powering our automobiles was paramount in his address, and that has been at the forefront of the policy that the government is pursuing at the immediate.

 

“Related to that is the introduction of the Compressed Natural Gas (CNG) as an alternative source to power our automobiles. You also recall that the federal government as we speak is accelerating the process of bringing CNG powered buses to the country. And apart from that about 10,000 CNG filling stations across the country are put in place, so that we can have CNG as an alternative source of powering our automobiles.

 

“We all know the role that Keke NAPEP has come to play as a means of transportation in this country, especially for those who live in rural areas. Millions of Nigerians on a daily basis commute using the Keke NAPEP. So, it is a thing of joy that we are having this as an immediate solution, by having a local assembly for Keke NAPEP powered by CNG.

ALSO READ:  First Bank predicts steady economic growth for Nigeria in 2025

 

 

“We have here today the company that is already thinking ahead in line with government policy of providing this arrangement which is the CNG powered Keke-NAPEP. As an Agency, we have our operations and structures nationwide at all the 774 local governments.”

 

On the impact of the CNG on Nigerians, the NOA DG said it will drastically reduce the cost of fuelling the automobiles, reduce cost of transportation, reduce the impact of fuel on the environment, and tackle the issue of foreign exchange, among other benefits.

 

In his remarks, the CEO of ECOMEAD ACRES, Kayode Oyin-Zubair, said the CNG Keke-NAPEP is configured to use both petrol and CNG, adding that it is environmentally friendly.

 

Oyin-Zubair assured that the CNG powered tricycle will ameliorate the impact of the fuel subsidy removal on the cost of transportation for the benefit of all Nigerians.

 

“The CNG is environmentally friendly, and it will ameliorate the problems of Nigerians. We have put in. place mechanism to get them to the 774 LGAs across the country,” he said.

 

 

He stressed that the CNG powered Keke-NAPEP is one product that will bring relief to Nigerians in terms of the challenges they face regarding the high cost of transportation.

 

Representative of the Wandel International Nigeria/ Simba Group of Companies (Nigeria), Sharma Shamrat, said the CNG powered automobiles are the best option for Nigeria.

 

Shamrat said: “Let’s say in Nigeria CNG looks new, but CNG is a certified product which has been used all over India. Now, let’s say when I talk about India, we’re talking about 1.5 billion people. The population itself is so huge that it needs alternative transport.

ALSO READ:  Nigeria’s Oil Reserves Dropped to 37.01bn Barrels In January — NUPRC

 

“Now, if a country that big continues to put petrol and diesel in their vehicles, how much of the damage will be caused to the planet. Mother Nature is not going to hold for too long before it is too late, we need to make the change. Here in Nigeria, CNG seems to be the option.

 

“In the urban area where we have a lot of good roads we might be having a lot of filling stations for CNG, but that doesn’t mean that we will leave the rural population behind. So our vehicle comes with the option that you can switch between petrol and CNG.”

Previous Post

Nasarawa Assembly Leadership: Jatau Takes Helm As Speaker

Next Post

Commission seeks support to demarcate Cross River/Ebonyi boundary

Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

UAE Quits OPEC and OPEC+ in Strategic Shift

UAE Quits OPEC and OPEC+ in Strategic Shift

by Nathaniel Irobi
April 28, 2026
0

The United Arab Emirates has announced it will withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and the...

DMO to auction N700bn FGN bonds at N1,000 per unit

DMO to auction N700bn FGN bonds at N1,000 per unit

by Elanza
April 22, 2026
0

The Debt Management Office (DMO) has reopened three federal government bonds, valued at N700 billion, for subscription at N1,000 per...

IMF Backs Nigeria’s Bank Recapitalisation, Urges Stronger Fiscal Defences

IMF Backs Nigeria’s Bank Recapitalisation, Urges Stronger Fiscal Defences

by Nathaniel Irobi
April 15, 2026
0

WASHINGTON, DC – The International Monetary Fund (IMF) has formally endorsed Nigeria’s ongoing bank recapitalisation drive, stating that stronger capital...

Next Post
Commission seeks support to demarcate Cross River/Ebonyi boundary

Commission seeks support to demarcate Cross River/Ebonyi boundary

NLC tasks government with tax transparency

NLC tasks government with tax transparency

Recommended

South-East 2023 Vote Was a ‘Political Accident’ – Uzodimma

Governor Yusuf Nominates Sule Garo as Kano Deputy Governor

7 days ago
Mascot Kalu Picks APC Form, Declares Abia Governorship Bid

Kalu Picks APC Form, Declares Abia Governorship Bid

2 hours ago

Popular News

  • Urban Smart Farming Initiative Targets 10 Million Yams for Nigeria

    Urban Smart Farming Initiative Targets 10 Million Yams for Nigeria

    0 shares
    Share 0 Tweet 0
  • Arewa youths demand immortalisation of late Sharia court registrar Musa

    0 shares
    Share 0 Tweet 0
  • BREAKING: ICPC Rearrests El-Rufai, Returns Him to Custody

    0 shares
    Share 0 Tweet 0
  • Speaker Abbas’ Aide, Gaiya, Defects to ADC, Declares Kaduna-South Senate Ambition

    0 shares
    Share 0 Tweet 0
  • FG Names 48 Terror Financiers – Including IPOB, Ekpa, Mamu

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (830)
  • Education (273)
  • Entertainment (377)
  • Health (246)
  • National (3,288)
  • News (10,193)
  • Opinion (430)
  • Politics (2,088)
  • Science (15)
  • Security (420)
  • Sports (699)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform