The Federal Government has launched a portal that would allow many youths to participate in developing the Compressed Natural Gas (CNG) project. Ayodele Olawande, Minister of State for Youth Development, said in Abuja on Monday that the activation of the portal followed the successful launch of 2,000 CNG tricycles by the Federal Government on October 1. Olawande said that through the portal, youths anywhere could sign up to be merged with aggregators or owners who work directly under the Preside...

FG launches distribution of 2,000 CNG tricycles, California transport secretary rides in Lagos Blue Line, LASG seizes number plates of illegally parked cars, news in the past week. FG Officially Launches Distribution Of 2,000 CNG-powered Tricycles To Empower Youth The Presidential CNG Initiative (PCNG-i) and the Federal Ministry of Youth has officially launched the distribution of 2,000 Compressed Natural Gas-powered tricycles as part of efforts to empower the youth and to reduce transportation...

The Presidential Compressed Natural Gas Initiative (P-CNGi) has revealed that Nigeria had flared about $12.5 billion worth of gas in the last five years. The Programme Director and Chief Executive Officer of the initiative, Engineer Michael Oluwagbemi noted that it was part of the reasons President Bola Tinubu introduced CNG as a way of turning waste to wealth and rescue the economy. This came as the Ekiti State Governor, Mr Biodun Oyebanji who commended President Tinubu over CNG initiative said...

The Federal Government has recently introduced VAT exemptions for a range of energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles, as part of efforts to lower prices.  Finance Minister Wale Edun stated that these steps are aimed at reducing the cost of living, boosting energy security, and accelerating Nigeria’s shift towards cleaner energy sources.  As outlined in an official Gazette from the Ministry of Finance titled; VALUE AD...

 The federal government has exempted 63 items from value-added tax (VAT). According to a post on X by Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, on Friday, the exempted items are contained in an official gazette for the ‘Value Added Tax (Modification) Order, 2024,’ dated September 3, 2024. On Wednesday, Wale Edun, minister of finance and coordinating minister of the economy, announced the introduction of concessions aimed at revitalising the oil...