Innocent Chukwuma, the founder and CEO of Innoson Vehicle Manufacturing, recently met with President Bola Tinubu at Aso Rock Villa in Abuja.
Following their closed-door meeting, Chukwuma announced that the Federal Government's initiative to introduce Compressed Natural Gas (CNG) powered buses would massively reduce transportation costs across Nigeria.
He emphasized that this initiative is "the best idea for transportation in Nigeria," highlighting its potential to save the country two trillion naira monthly, which is currently spent on importing petrol and diesel.
Chukwuma assured Nigerians that his company would soon roll out CNG buses to support the government's efforts. He stated, "I’ve discussed with him (President Tinubu), and soon the masses will have plenty of CNG buses on the road."
This move aligns with President Tinubu's broader strategy to leverage Nigeria's abundant gas resources, which have been underutilized compared to oil-based petrol.
The introduction of CNG-powered buses is expected to offer numerous benefits, including cost savings and environmental advantages.
Chukwuma noted, "That benefit is what I recognized 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."
This development comes as part of a broader effort by the Tinubu administration to address the country's reliance on imported fuel and to promote more sustainable and cost-effective transportation solutions.
The initiative has received positive feedback from various stakeholders, including the Manufacturers Association of Nigeria (MAN), which applauded Innoson's rollout of autogas-powered city buses.
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