Skip to content
October 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Tinubu approves expansion of PiCNG mandate to include EVs
  • Business & Economy

Tinubu approves expansion of PiCNG mandate to include EVs

Admin March 26, 2026

Bola Tinubu

President Bola Tinubu has approved the expansion of the Presidential Initiative on Compressed Natural Gas (PiCNG) to include electric vehicles (EVs).

With the approval, the initiative will now be known as the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (PiCNG & EV).

The expanded mandate positions PiCNG & EV to lead and coordinate Nigeria’s clean mobility strategy, covering both gas-powered and electric vehicles nationwide.

This is contained in a statement issued by Presidential Spokesperson, Mr. Bayo Onanuga, on Thursday in Abuja.

The initiative will continue to drive the deployment of CNG infrastructure, including Mother and Daughter Stations, Integrated Refuelling Units, and nationwide vehicle conversion programmes.

It will also oversee the rollout of electric vehicles, EV charging infrastructure, and related investments across the country.

Onanuga noted that gas remains a competitive and strategic fuel for transportation, leveraging Nigeria’s abundant resources to reduce costs and enhance energy security.

He added that the shift would also help conserve foreign exchange and support a more sustainable transport ecosystem.

According to the presidential spokesperson, the inclusion of EVs further strengthens the government’s agenda for affordable, efficient, and environmentally responsible mobility.

Tinubu also directed the Executive Chairman of PiCNG & EV, Ismaeel Ahmed, to immediately establish a coordinated process for the rapid deployment of vehicle conversion kits nationwide.

The president said the kits must be made accessible to Nigerians at affordable and non-burdensome costs.

To achieve this, the initiative will collaborate with CreditCorp Nigeria, financial institutions, and other partners to design cost-effective financing models.

The goal, according to Onanuga, is to ensure that vehicle conversions are widely accessible to the public.

Tinubu further directed the accelerated deployment of Mobile Refuelling Units (MRUs) to expand access to CNG infrastructure while permanent facilities are being developed.

The initiative is expected to play a central role in Nigeria’s transition to cleaner and more sustainable transportation systems.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Bayo Onanuga Bola Tinubu Ismaeel Ahmed PiCNG

Post navigation

Previous CBN, Finance Ministry Pledge Stronger Synergy to Sustain Disinflation, Macroeconomic Stability
Next ECONOMIC GROWTH: Nigeria’s capital inflows jump to $23.22bn in 2025 from $12.32bn in 2024

Related Stories

Dangote Refinery IPO attracts investors from 120 countries – NGX Group
  • Business & Economy

Dangote Refinery IPO attracts investors from 120 countries – NGX Group

October 28, 2026
22 vessels ​‌‌‌⁠‍‍⁠⁠‍‌‌‍‌​​⁠‌‌​expected at Lagos ports – NPA greater efficiency
  • Business & Economy

22 vessels ​‌‌‌⁠‍‍⁠⁠‍‌‌‍‌​​⁠‌‌​expected at Lagos ports – NPA

October 27, 2026
Dangote refinery IPO draws three times target demand, sources say
  • Business & Economy

Dangote refinery IPO draws three times target demand, sources say

October 27, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Tragic Wednesday in Lagos: 4 Dead, 7 Injured in Three Separate Road Crashes LASEMA
  • metro

Tragic Wednesday in Lagos: 4 Dead, 7 Injured in Three Separate Road Crashes

October 28, 2026
Dangote Refinery IPO attracts investors from 120 countries – NGX Group
  • Business & Economy

Dangote Refinery IPO attracts investors from 120 countries – NGX Group

October 28, 2026
Counterfeit products: When greed becomes a weapon of mass destruction, By Akpandem James
  • Commentaries

Counterfeit products: When greed becomes a weapon of mass destruction, By Akpandem James

October 28, 2026
FCC’s disingenuous intervention in Customs recruitment, by Pius Mordi
  • Commentaries

FCC’s disingenuous intervention in Customs recruitment, by Pius Mordi

October 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.