• About
  • Advertise
  • Contact
Wednesday, July 30, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home News

Finance Minister Visits JET Company To Get Update On Assembly Of CNG Buses

Vital News by Vital News
May 12, 2024
in News, Transport
0
Finance Minister Visits JET Company To Get Update On Assembly Of CNG Buses
Share on FacebookShare on Twitter

The Minister of finance and Coordinating Minister of the Economy, Mr Olawale Edun, has visited the JET Motor Company (JET) Assembly Plant in Lagos, where Compressed Natural Gas (CNG) buses are being assembled under the Presidential CNG Initiative (PCNGi).

The motor assembly plant, which is located in Lagos, is one of the four assembly plants picked by the PCNGi to assemble semi knocked down components of climate friendly CNG and electric buses and tricycles, which will soon be rolled out to slash transportation costs.

JET also has capacity to convert petrol buses to CNG.

Temitope Ajayi,  SSA Media and Publicity to President Bola Ahmed Tinubu in a statement said the Minister going round the JET plant on Friday, Edun expressed satisfaction about the progress of work at the assembly.

He said : ” Though the PCNGi has taken time to be actualised, the benefits will soon be available to Nigerians.

RelatedStories

Bandit Attacks : Mrs Tinubu Pays Condolence Visit To Benue, Donates N1bln To Victims

Governor Ododo Presents Official Vehicles To 21 Kogi LG Chairmen

21 Countries In Attendance As Dangote Cement’s Sponsored Africa International Housing Show Kicks Off In Abuja

NGF Expresses, Sympathy, Solidarity With Adamawa Over Devastating Yola Floods

“I have come to see the CNG buses that Nigerians are asking about.

“I have seen them. I have tested them and driven them. I have seen them being assembled.

“The benefits will soon be available to Nigerians.”

According to Edun, the PCNGi is about mass transit that is affordable.

“Two critical aims will be achieved. Whereas it costs about N55,000 to fill a 15-20 seater buses with petrol, it will cost between N12-15,000 to fill a CNG bus of the same capacity.

“This is three times, if not four times less. This is a huge savings that will help reduce transport costs and at the same time, help reduce inflation,” he said.

Edun praised JET’s employment of local talents in the assembly of the vehicles.

The chairman and founder of JET, Chidi Ajaere took the minister round during the visit.

Also on hand were the CEO of JET motor company, Engr Derek Ewelukwa and other members of the JET team, such as Sanjay Rupani of the Technical development department and Ebimo Ofongo, the plant manager.

Present also were Tosin Coker, Commercial Director PCNGi and Joseph Osanipin, Director – General of the National Automotive Development and Design Council.

Ajaere, commended President Bola Tinubu for his initiative in promoting local production of the CNG vehicles and the entire PCNGi team’s resolve to make the project a success.

JET was established in 2018 to build Electric Vehicles (EV) vans, pickups and CNG/Petrol buses tailored to meet Nigeria’s unique transportation needs.

The company aims to transit from Semi Knocked down components to completely knocked Down components in the next three to four years.
(vitalnewsngr.com)

Tags: compressedEdungasJET
Previous Post

Gov. Alia Expresses Sadness Over Death Of Former Benue Military Administrator, Joshua Obademi

Next Post

NDLEA Intercepts Three Trailer Loads Of Opioids, Seizes 3.5million Pills, 344,000 Codeine Bottles

Vital News

Vital News

RelatedStories

Bandit Attacks : Mrs Tinubu Pays Condolence Visit To Benue, Donates N1bln To Victims
National

Bandit Attacks : Mrs Tinubu Pays Condolence Visit To Benue, Donates N1bln To Victims

July 29, 2025
Governor Ododo Presents Official Vehicles To 21 Kogi LG Chairmen
News

Governor Ododo Presents Official Vehicles To 21 Kogi LG Chairmen

July 29, 2025
Forbes : Aliko Dangote’s Wealth Surges By Almost 100% To $23.9bln, Now 86th Richest In The World
Environment

21 Countries In Attendance As Dangote Cement’s Sponsored Africa International Housing Show Kicks Off In Abuja

July 28, 2025
NGF Expresses, Sympathy,  Solidarity With Adamawa Over Devastating Yola Floods
Environment

NGF Expresses, Sympathy, Solidarity With Adamawa Over Devastating Yola Floods

July 28, 2025
100 Security Watch Corps, 30 Police Killed In War Against Bandits In Katsina – Official
News

100 Security Watch Corps, 30 Police Killed In War Against Bandits In Katsina – Official

July 28, 2025
Next Post
NDLEA Intercepts Three Trailer Loads Of Opioids, Seizes 3.5million Pills, 344,000 Codeine Bottles

NDLEA Intercepts Three Trailer Loads Of Opioids, Seizes 3.5million Pills, 344,000 Codeine Bottles

Alleged Rape : Ajayi Crowther University Hands Over Two Security Guards To Police

Flooding : Lagos Begins Removal Of Structures On Drainage Setback

Lagos To Foot Medical Bill Of Victims Of Ajeromi Gas Explosion, Confirms Death Of 11 Victims

Leave a Reply Cancel reply

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

Follow Us

Recommended

Practice, share good culture you learn in Israel, Jordan, NCPC Chairman charges Christian pilgrims

3 years ago
LASTMA Sacks 5 Staff For Corruption, Reprimands 2 Others

LASTMA Sacks 5 Staff For Corruption, Reprimands 2 Others

2 years ago
History As Nigeria Born Abigail Marshall Katung Is Inaugurated As Lord Mayor Of Leeds City Council

History As Nigeria Born Abigail Marshall Katung Is Inaugurated As Lord Mayor Of Leeds City Council

1 year ago
Blame Governors, LG Chairmen For Poor Performance, Not Tinubu – APC Diaspora Chieftain To Nigerians

Blame Governors, LG Chairmen For Poor Performance, Not Tinubu – APC Diaspora Chieftain To Nigerians

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

WAFCON : Six Super Eagles Stars Donate ₦24 Million To Super Falcons

WAFCON : Morocco Protest “Refereeing Injustices” To CAF Over 3-2 Final Loss To Nigeria

21 Countries In Attendance As Dangote Cement’s Sponsored Africa International Housing Show Kicks Off In Abuja

NGF Expresses, Sympathy, Solidarity With Adamawa Over Devastating Yola Floods

WAFCON : President Tinubu Rewards Super Falcons With $100,000, Apartments, OON

100 Security Watch Corps, 30 Police Killed In War Against Bandits In Katsina – Official

Trending

Report Of Missing 3,907 Firearms Misleading – Police
Crime

Insecurity : Police Arrest Over 20 Bandits In Kwara

by Vital News
July 29, 2025
0

Police in Kwara State have arrested more than 20 suspected bandits believed to be behind the recent...

Bandit Attacks : Mrs Tinubu Pays Condolence Visit To Benue, Donates N1bln To Victims

Bandit Attacks : Mrs Tinubu Pays Condolence Visit To Benue, Donates N1bln To Victims

July 29, 2025
Governor Ododo Presents Official Vehicles To 21 Kogi LG Chairmen

Governor Ododo Presents Official Vehicles To 21 Kogi LG Chairmen

July 29, 2025
Governor Ododo Congratulates Super Falcons on Historic 10th WAFCON Triumph

WAFCON : Six Super Eagles Stars Donate ₦24 Million To Super Falcons

July 29, 2025
WAFCON : Morocco Protest  “Refereeing Injustices” To CAF Over 3-2 Final Loss To Nigeria

WAFCON : Morocco Protest “Refereeing Injustices” To CAF Over 3-2 Final Loss To Nigeria

July 29, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Insecurity : Police Arrest Over 20 Bandits In Kwara July 29, 2025
  • Bandit Attacks : Mrs Tinubu Pays Condolence Visit To Benue, Donates N1bln To Victims July 29, 2025
  • Governor Ododo Presents Official Vehicles To 21 Kogi LG Chairmen July 29, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In