Tag: CNG

  • LASG harps on safety in CNG vehicles adoption

    LASG harps on safety in CNG vehicles adoption

    Following the Federal Government’s drive on the need for citizens to move away from petrol usage to Compressed Natural Gas, the Lagos Safety Commission has urged Lagosians to embrace the initiative, noting it is safer and cost-effective.

    The commission, on Monday, also began a three-day training for Vehicle Inspection and Safety Commission Officers to orientate them on the CNG initiative.

    Speaking at the opening of the training program at Dover Hotel, Aromire, Ikeja, the Director General, of the Safety Commission, Lanre Mojola, stated that the adoption of CNG as an alternative fuel is the present administration’s resolve to embrace cleaner, safer, and more affordable energy.

    He said, “This is a follow-up to the state’s adoption of CNG buses and e-bikes into its transportation system, which is in tandem with the presidential initiative on energy transition to cleaner and alternative fuel, and as such, it is the function of the commission to train officials that will oversee these vehicles on the road, to ensure the safety of lives and public well-being.”

    In his opening remarks, the Permanent Secretary, Ministry of Special Duties and Intergovernmental Relations, Sesan Ogundeko, maintained that CNG-powered vehicles would lower the cost of transportation, reduce carbon emissions, and improve air quality.

    He, however, advised stakeholders on the need for the availability of more CNG stations to enable accessibility.

    The Director and chief State Vehicle Inspection Officer, Akin-George Fashola, was represented by Gbenga Vaughan, and other officials.

  • Nigerian newspapers review: NLC, TUC, CNG, others reject 50% telecoms tariff hike

    Nigerian newspapers review: NLC, TUC, CNG, others reject 50% telecoms tariff hike

    In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with a report on the reaction of labour unions to the proposed 50% hike in telecoms tariff.

    Another headline has Nigerians in diaspora kicking against US President Donald Trump’s revocation of birthright citizenship.

    Also, another headline captures the Aare Ona Kakanfo of Yorubaland Gani Adams saying South-West governors are not collaborating with the Oodua Peoples Congress (OPC) amid reports of the influx of bandits in the region.

    Moving to other Nigerian newspapers, The Guardian heads its papers with a report on INEC worrying over costly by-elections as the Inter-Party Advisory Council (IPAC) demands credible polls.

    Next is The Punch which leads with a story on communities tackling the federal government over compensations for 3,252 persons as it concerns the Kano-Niger Republic rail project.

    Lastly is The Nation which also leads with a report on the NLC, TUC and CNG rejecting the 50% telecoms tariff hike.

  • FG Announces VAT Exemptions for Diesel, LNG, CNG, and Electric Vehicles

    FG Announces VAT Exemptions for Diesel, LNG, CNG, and Electric Vehicles

    The Federal Government has announced value-added tax (VAT) exemptions on several key energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles, in an effort to reduce prices and enhance energy security, Okay.ng reports.

    This was revealed in a statement on Wednesday by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. The exemptions are part of broader measures aimed at easing the cost of living and accelerating Nigeria’s transition to cleaner energy sources.

    “The VAT Modification Order 2024 introduces exemptions on a range of key energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment,” the statement read.

    Edun emphasized that the initiative is also designed to drive Nigeria’s shift to cleaner energy sources while lowering the financial burden on citizens.

    In addition to VAT exemptions, the Minister also announced tax incentives for deep offshore oil operations and gas production through the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024. These incentives are expected to position Nigeria’s deep offshore basin as a leading destination for global oil and gas investments.

    “These reforms are part of a broader series of investment-driven policy initiatives championed by His Excellency, President Bola Ahmed Tinubu, in line with Policy Directives 40-42,” Edun added.

    “They reflect the administration’s strong commitment to fostering sustainable growth in the energy sector and enhancing Nigeria’s global competitiveness in oil and gas production.”