Why FG diverted ₦100bn CNG bus fund to vehicle conversions, tricycles — Official
An official has explained why the FG diverted its ₦100bn CNG bus fund from buying 3,000 buses to funding vehicle conversions and tricycles instead. Read More: https://punchng.com/why-fg-diverted-%e2%82%a6100bn-cng-bus-fund-to-vehicle-conversions-tricycles-official/
The Federal Government has redirected the ₦100bn allocation for compressed natural gas (CNG) bus purchases towards vehicle conversions, tricycles and larger-capacity buses, an official revealed. Tosin Coker, the Chief Operating Officer of the Presidential Compressed Natural Gas and Electric Vehicles Initiative, made these remarks during an interview with ARISE NEWS.
The government's review of the initial plan, revealed after the initiative's establishment in October 2023, concluded that buying 3,000 buses would not adequately serve the country's public transportation needs. The revised programme aims to expand access to alternative-fuel transportation through conversions and a variety of buses, including 50-seaters and smaller models.
Since July 2023, the initiative has introduced over 650 buses nationwide and facilitated more than 120,000 vehicle conversions, primarily for commercial transportation. Coker acknowledged that the current number of CNG buses and tricycles is insufficient and that additional CNG and electric vehicles are being ordered to further increase deployment.
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