CNG Initiatives Aim to Create 25,000 Jobs and $2.5 Billion Investment in Nigeria

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Economy News

CNG,Initiatives,Job Creation

The government of President Ahmed Bola Tinubu aims to create over 25,000 jobs and attract $2.5 billion worth of investment in Nigeria's economy by 2027 through CNG initiatives. These initiatives, part of the palliatives on the removal of fuel subsidy, are expected to have a positive impact on the lives of Nigerians. The stakeholders meeting on the programme was held at the BOVAS Auto-Gas filling stations in Ibadan.

Initiatives across the country, the Programme Director and Chief Executive of the initiative, Engr Michael Oluwagbemi said the government under the administration of President Ahmed Bola Tinubu is targeting over 25,000 job creation and $2.5billion worth of investment in the nation’s economy by 2027.

In attendance were members of the academia, students, traditional rulers, officials of the Standard Organization of Nigeria , and members of the organised private sector amongst others. “Recall that on October 1 , 2023 when the President gave his speech, he announced that the Presidential CNG Initiatives is going to be rolled out as part of palliatives on the removal of fuel subsidy and one of our major concern is to make sure that the transition for the transportation sector is cheaper , safe and more reliable source of energy was under pinned by affordability as well as accessibility .

 

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