CNG vehicles’ll benefit Nigerians – Minister

Minister of Finance, Wale Edun, has said that Compressed Natural Gas (CNG) vehicles being rolled out are for the benefits of all Nigerians.

The minister who stated this during a visit to the Jet Motor Company plant in Lagos at the weekend explained that the CNG vehicles being produced locally are finished products that can’t be taken off the shelf, but have to be assembled.

Edun who commended the management of Jet Motor Company for their contribution towards deepening local automotive productive capacity, highlighted JET Motors dedication to employing local talent.

The minister’s visit to Jet Motors, one of Nigeria’s foremost indigenous electric vehicle manufacturing plants, showcases Nigeria’s capacity to meet the growing demand for environmentally-friendly vehicles.

The minister was accompanied on the tour by the Director-General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, and Tosin Coker, Commercial director PCNGi.

Welcoming the minister to the plant, Ajaere stated the company “now has the ability to assemble full CNG and petrol buses and also convert petrol vehicles to CNG.”

Speaking at the event, Jet Motor Company, CEO, Engr Derek Ewelukwa expressed his appreciation to the minister and his team for the honour done the organization by their visit, and thanked the Tinubu administration for its intentional efforts geared towards supporting local industries, particularly the automotive sector, through direct interventions and the programmes of the NADDC.

“We are proud to be an indigenous company. We have always wanted to prove that it was possible to do it here, to build here, to create value here, to export value from here. This is what we are doing,” he noted.

Ewelukwa revealed that the company had recently begun substantially investing in the production of CNG vehicles, in line with the policy direction of the Tinubu administration against the backdrop of reforms impacting the local energy market.

On his part, the NADDC boss expressed his pride that a truly indigenous company was accomplishing the vision of the agency through local automobile manufacturing.

“We have seen your efforts and are truly proud of all you are accomplishing in the market. This is what we have always worked towards, and even much more right now with our renewed efforts under this administration. Sustainable mobility is the future, and we will work closely with you and other indigenous automotive manufacturers to achieve this for Nigeria”.