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| President Bola Tinubu receives the founder and Chief Executive Officer of Innoson Vehicles Manufacturing Company Ltd., Mr. Innocent Chukwuma, at Aso Rock Villa, Abuja, on Thursday. Credit: State House |
The Founder and Chief Executive Officer of Innoson Vehicle Manufacturing, Mr. Innocent Chukwuma, is pleased to announce an upcoming initiative aimed at enhancing public transportation affordability. Through the introduction of Compressed Natural Gas-powered buses, we are committed to providing a more cost-effective and environmentally friendly commuting experience for the general public.
Additionally, he implored Nigerian citizens to demonstrate
patience with the Bola Tinubu administration, requesting that they “allow him
time.”
“I’ve discussed with him (President Tinubu), and soon the
masses will have plenty of CNG buses on the road,” Mr Chukwuma told journalists
after emerging from closed-door talks with President Bola Tinubu at the Aso
Rock Presidential Villa, Abuja, on Thursday.
The automotive Industry leader characterized the
Presidential CNG Initiative as a progressive and promising approach for the
nation’s advancement.
He explained, “The government’s initiative on CNG is the
best idea for transportation in this country because CNG offers many benefits
for Nigeria.
“That benefit is what I recognised before I started the
factory to produce vehicles that run on CNG. I began producing CNG kits before
the announcement.
“So today, everyone who tries CNG will find that it is the
way forward for this nation.”
Scapegoating Democracy
Thursday’s meeting follows President Tinubu’s nationwide
broadcast five days earlier, in which he promised to distribute “a million kits
at extremely low or no cost to commercial vehicles that transport people and
goods and who currently consume 80 per cent of the imported Premium Motor
Spirit and Automotive Gas Oil.”
Tinubu asserted that despite Nigeria’s substantial oil and
gas reserves, the nation has exclusively relied on petroleum-based gasoline,
disregarding its gas resources as a potential economic driver. He emphasized
that the CNG initiative would result in significant monthly savings of N2 trillion
for the country.
“We were also using our hard-earned foreign exchange to pay
for and subsidise its use.
“To address this, we have launched our Compressed Natural
Gas Initiative to power our transportation economy and reduce costs.
“This will save over two trillion Naira a month, which is
currently used to import PMS and AGO, and free up our resources for greater
investment in healthcare and education,” said Tinubu.