Connect with us

Business

Tinubu orders deployment of 100,000 CNG kits in three weeks

Published

on

President Bola Tinubu has directed the immediate deployment of 100,000 Compressed Natural Gas conversion kits within the next two to three weeks to cushion the impact of rising petrol and diesel costs on Nigerians.

The Executive Chairman of the Presidential Initiative on Compressed Natural Gas, Ismaeel Ahmed, disclosed this on Tuesday after meeting with the President at the State House, Abuja.

Ahmed said the directive was informed by the ongoing war in the Middle East and its impact on global petroleum prices, which have increased transportation costs for Nigerians.

“The President, as usual, is always trying to get information on what is going on, and especially with the war in the Middle East and the rising cost of petrol and diesel.

“The President wanted to know what we are doing at the Pi-CNG and EV to scale up the availability of gas and CNG everywhere in the country so that people would have less cost of transportation,” Ahmed stated.

He revealed that Tinubu gave a direct mandate for the mass deployment of conversion kits to make natural gas more accessible as an alternative to petrol and diesel.

“So the President has given a direct mandate that we should immediately deploy about 100,000 kits.

“We are working with so many other stakeholders that would incentivise and get it into the market immediately and be able to convert a lot of vehicles and tricycles for people to be able to access gas,” the Pi-CNG boss said.

Ahmed emphasised that the deployment would commence within two to three weeks, with conversion centres expected to be “bustling with a lot of conversion activities.”

See also  FG orders banks, fintechs to remit VAT on service fees

He disclosed that the initiative includes plans to deploy vehicles and tricycles equipped with bi-fuel CNG and electric mobility capabilities.

The President also directed the Pi-CNG to fast-track infrastructure development for gas refilling stations and electric vehicle charging points across the country, with particular focus on the Northern corridor.

“He also gave a directive that we must be able to fast-track the infrastructure in bringing gas and CNG, and electric mobility charging infrastructures to every part of the country, especially within the Northern Corridor, so that a lot of people will be able to access this,” Ahmed said.

The Pi-CNG chairman revealed that 77 refilling stations are currently at different stages of development nationwide, with significant progress recorded in Kano State.

“In Kano right now, we have about two LCNG stations and about five, six daughter stations that are coming up as well,” he stated.

Ahmed disclosed that the Northern corridor, stretching from Lokoja through Abuja, Kaduna, Zaria, Kano, and all the way to Maiduguri, will be equipped with multiple refuelling units to ensure seamless access to CNG for motorists.

“Along the corridors, from Lokoja all the way to Abuja, Kaduna, Zaria, Kano, all the way to Maiduguri, these are all places that we are going to litter with a lot of refuelling units. So it’s something that we’re looking forward to,” he said.

The Pi-CNG boss emphasised that the President wants results delivered quickly to ensure Nigerians can access CNG and electric mobility options.

“The President wants results delivered very quickly so that Nigerians will be able to access the CNG and electric mobility,” Ahmed stated.

See also  Presidency eyes NNPC shake-up as oil output falters

On local manufacturing, Ahmed disclosed that the initiative is partnering with domestic manufacturers and attracting international manufacturers interested in setting up assembly lines in Nigeria.

“Absolutely, that’s where we’re dealing with partnering with a lot of local manufacturers, and even international manufacturers want to set up assembly lines in Nigeria.

“That is the goal, because it’s about job creation, it’s about availability,” he said.

He revealed that the Pi-CNG is collaborating with the Rural Electrification Agency to deploy solar-powered charging stations across the country.

“We’re partnering with REA, that’s the Rural Electrification Agency, to be able to supply solar where we can set up charging stations across,” Ahmed stated.

He noted that Nigerians are already importing electric vehicles independently, and the government’s responsibility is to provide adequate infrastructure to support their use.

“Nigerians are already bringing in their electric vehicles regardless.

“What you have to do for them now is to be able to make sure that there is enough infrastructure for them to work with this, especially off-grid,” Ahmed said.

PUNCH Online reports that the Presidential Initiative on Compressed Natural Gas was launched by Tinubu in 2023 as part of efforts to reduce dependence on petrol and diesel and lower transportation costs following the removal of fuel subsidy.

The initiative aims to convert one million vehicles to CNG and establish CNG refilling infrastructure across the country to make the alternative fuel widely accessible to Nigerians.​​​​​​​​​​​​​​​​

CNG is significantly cheaper than petrol, with a litre equivalent costing approximately 60-70 per cent less than premium motor spirit.

See also  GenCos say no deal yet with FG on N4tn debt

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

How Moniepoint customers can check eligibility for FG’s ₦50,000 relief support

Published

on

Moniepoint Microfinance Bank says eligible customers can now check their status and access the Federal Government’s ₦50,000 emergency relief support through its Unstructured Supplementary Service Data (USSD) channel.

The bank said in a statement issued on Wednesday that “customers could dial *5573*27# from their registered phone numbers and select the option to check their eligibility for the National Emergency Relief and Stabilisation Intervention (NERSI).”

It said customers confirmed as beneficiaries would be guided through the steps to accept the support and receive the funds into their Moniepoint accounts at no additional cost.

The intervention, led by the Federal Ministry of Humanitarian Affairs and Poverty Reduction, is designed to provide direct financial assistance to vulnerable households to help them meet essential needs amid prevailing economic pressures.

On Tuesday, PUNCH Online reported that that FG had begun payment to eligible Nigerians.

Moniepoint said it was “among the payment providers selected by the Federal Government to facilitate the disbursement of the relief funds.”

It explained that beneficiary selection was based on the government’s eligibility criteria and verification processes, which relied on verified national identity records and the National Social Register.

The bank noted that the programme was being implemented in phases across the country, adding that not all customers would qualify or be selected at the same time.

What moniepoint customers should know?

Babatunde Olofin, Managing Director and Chief Executive Officer of Moniepoint Microfinance Bank, said the “bank was pleased to support eligible customers in receiving assistance under the government initiative.”

See also  Petrol battlefield: Dangote, importers locked in brutal price war

Olofin said Moniepoint would deploy its technology and financial infrastructure to make the process accessible, seamless and secure.

He urged “customers to use only the bank’s official USSD channel when checking their eligibility or accessing the funds.”

He added that the process required “no additional payment, documentation or third-party intervention.”

The bank also advised customers with enquiries to contact its customer service team or the NERSI helpdesk.

Moniepoint said its nationwide network of financial services infrastructure, including Point-of-Sale terminals across the country’s 774 local government areas, would support efforts to extend access to the intervention.

Source: punchng.com

FOLLOW US ON:

FACEBOOK

WHATSAPP CHANNEL

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Business

$196m NIN funds unspent, FG seeks extension

Published

on

The Federal Government has requested another 12-month extension of Nigeria’s $430 million digital identity project as approximately $196m of its financing remains undisbursed and National Identification Number (NIN) issuance trails the target by 59 million.

This is contained in a World Bank restructuring paper dated 22 October, 2026, obtained by The PUNCH from the bank’s website on Wednesday.

The proposed extension would move the Nigeria Digital Identification for Development Project’s closing date from 31 December, 2026, to 31 December, 2027.

“The proposed Level 2 restructuring seeks to extend the project closing date by 12 months, as requested by the Government on May 8, 2026,” the report stated.

“This would be the third closing date extension under this project since Board Approval in February 2020, for the cumulative period of 42 months (3.5 years).”

The project was originally scheduled to close in June 2024 before receiving a six-month extension and another two-year extension.

An analysis by The PUNCH showed that approximately $196m, representing 45.6 per cent of the financing, remained undisbursed after total disbursements reached about $234m.

“The overall project disbursement rate inclusive of co-financiers stands at approximately $234m or 54.4 per cent,” the bank stated.

The financing comprises $115m from the World Bank’s International Development Association, $100m equivalent from the French Development Agency and $215m equivalent from the European Investment Bank.

The undisbursed balance therefore covers all three financiers. The report’s financing summary separately puts IDA’s undisbursed balance at $18.83m.

Approved in February 2020 and effective from December 2021, the project seeks to expand access to identification and services through a secure, inclusive national identity system.

See also  NUPRC opens 50 oil blocks for bidding

However, about 121 million people had received NINs by September 30, 2026, against the 180 million target, leaving a shortfall of 59 million.

Although this represents an increase of approximately 84 million from the baseline, NIMC must substantially accelerate enrolment to meet the target.

“NIMC reconfirmed the commitment to reach the target of 180 million noting that this would require an increase in monthly enrollment rates from the current average of 1.5 million to 3.9 million,” the report stated.

This implies a 160 per cent increase in monthly enrolment.

The bank also distinguished enrolment records from successfully generated NINs, noting that more than 140 million enrolments had been recorded by September 14, but only 121 million had completed biometric and demographic validation and duplicate checks.

Women and children remained behind their respective targets. As of June, 40.4 million women and girls had NINs against a target of 79 million, while 26.3 million children under 16 had NINs against 60.83 million.

The report identified unpaid enrolment partners as another constraint, stating that the billing system must produce audited payment reports to enable payments to partners “which have not been paid since January 2026.”

Other priorities include deploying 7,000 procured mobile devices by January 2027, training agents, expanding ward-level enrolment nationwide and beginning school enrolment by December 2026.

The ward campaign had generated 10 million NINs since March, according to the report.

A major reason for the extension is the delayed replacement of NIMC’s existing technology with the National Identity Management System 2.0.

The contract was signed on September 15, 2026, following lengthy procurement. Implementation, normally requiring approximately 18 months, was compressed into 15 months, with full deployment and data migration scheduled for December 15, 2027.

See also  Dangote, PENGASSAN face-off: NECA warns of risks to jobs, investments

The new platform would replace fragmented proprietary systems with an open-source system designed to improve capacity, interoperability and data protection.

Although NINAuth was launched in May 2025, the project’s digital authentication targets remained unmet pending integration into the new platform.

The bank warned that failure to extend its involvement would also halt implementation by the other financiers.

“If the project is not extended by WBG, all other co-financiers will also close,” it stated.

Source: punchng.com

FOLLOW US ON:

FACEBOOK

WHATSAPP CHANNEL

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Business

Read how FG selects beneficiaries for N50,000 relief

Published

on

The Federal Government has explained how it selects beneficiaries for its N50,000 cash relief under the National Emergency Relief and Stabilisation Intervention.

The clarification comes as payments continue and many Nigerians seek to understand how the government identifies recipients and determines their eligibility.

According to information on the Federal Ministry of Humanitarian Affairs and Poverty Reduction’s NERSI website, sighted by PUNCH Online on Wednesday, beneficiaries are selected from verified national identity records and the National Social Register.

“Beneficiaries are selected from verified national identity records and the national social register, then screened to reach poor and vulnerable households,” the website states under its eligibility and selection section.

The National Identification Number (NIN) is issued by the National Identity Management Commission (NIMC) after enrolment.

It is used to verify an individual’s identity and is linked to the mobile wallet through which selected beneficiaries receive the relief.

The National Social Register (NSR), on the other hand, is a database of poor and vulnerable households in Nigeria, coordinated by the National Social Safety-Nets Coordinating Office.

According to NASSCO, the register contains data on more than 70 million individuals.

It said registering vulnerable persons is a multi-process activity that begins with states identifying their poorest local government areas and communities, after which trained teams work with residents and community leaders to identify vulnerable households.

The identified households are then registered digitally and assessed using poverty indicators.

Those ranked within the bottom six deciles may qualify for inclusion in the National Beneficiary Register, which is used for programmes such as cash transfers.

See also  Nigerian billionaire Tonlagha hires lobbyists to push Nigeria-US ties

Enrollment in both NIMC and NSR is a prerequisite for being selected for N50,000 cash relief, according to NERSI.

However, the office does not provide further details on the specific screening criteria used to determine relief recipients.

It stresses that Nigerians cannot apply or pay to be included in the beneficiary list.

“You cannot apply or pay to be added,” the website says. “Not everyone is in the first group. Your data is used only for this programme.”

The Humanitarian Assistance Programme is described as the Federal Government’s shock-responsive cash transfer initiative for poor and vulnerable households. It provides financial support through mobile wallets.

“Under NERSI, selected beneficiaries receive support of ₦50,000 into a mobile wallet,” the website explains. “It is a grant from the Federal Government. You do not pay it back.”

According to the office, selection is based on need and covers all six geopolitical zones, regardless of religion, ethnicity or political affiliation. Payments are made in phases, meaning beneficiaries are not contacted at the same time.

PUNCH Online reported that the Minister of Humanitarian Affairs and Poverty Reduction, Dr Bernard Doro, announced the commencement of disbursement in a statement on October 30.

Nigerians can check if they are selected through the approved providers by dialling their USSD codes: ALAT by Wema (*945*23#), MoMo PSB (*671*0#), NairaGram (*726*00#), OPay (*955*20#) and Moniepoint (*5573*27#).

Source: punchng.com

FOLLOW US ON:

FACEBOOK

WHATSAPP CHANNEL

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Trending