The Presidential Compressed Natural Gas Initiative (PCNGI) said has secured N760.64 billion in private investments and generated 84,000 direct and indirect jobs over the past year.
Project Director, Michael Oluwagbemi, made this disclosure yesterday while briefing State House Correspondents during the fifth edition of Meet the Press, organised by the Presidential Communications Team at the Aso Rock Villa, Abuja.
He attributed this to a robust stakeholders’ engagement and public awareness campaign conducted between May and November 2024.
“We have attracted over $491 million of investments in the past year to AutoNG and we are very proud of it. This has created over 9,000 direct and 75,000 indirect jobs.
“After an intensive stakeholders’ engagement and public awareness campaign from May to November 2024, the PCNGI’s most important achievement was to convince the private sector to invest critical funds alongside the government’s investments upon stimulation of demand by commercial vehicle operators and private vehicle users alike.”
He noted that Nigeria’s ability to convert vehicles from solely petrol or diesel to bi-fuel systems has increased by 3,000 percent, with the number of conversion centres growing from just seven to over 200 nationwide.
