₦airaland Forum

Kukutenla:
Do you understand what I'm pointing at or you want to blame your teacher?

Kukutenla:
Was the $3.3bn loan counted as assets or liabilities and at what exchange rate?

Also, what happened to CBN handling their receipts this one dey are declaring profits without CBN approval

TooMuchStuff:
All na wash....cos Buhari and his Fulani thieves own the same profits that Tinubu will definitely use for subsidy payments

Homiesjinxbank:
It's very simple, say no to NATO membership and I will not invade you., But Ukraine decided to seek out NATO membership, which prompted Russia to invade..

It's very unfortunate people are not discussing that...if reverse is the case eh, US would do the same without second thought

atiku4President:
The one FG has been wasting on Northerners under the guise of agric loan for years nko? Have they been repaying those so called agric loans?

The Economic and Financial Crimes Commission, EFCC, wishes to clarify the reports in a section of the media today, August 14, 2024, purporting that the Commission donated N50billion to the Nigerian Education Loan Fund, NELFUND from its recovery account.

The said fund was not a donation by the Commission but part of the recovered proceeds of crime remitted to the government. President Bola Ahmed Tinubu in furtherance of his social intervention policy for the most vulnerable segments of the population, decided in his wisdom, to plough the money into funding the critically acclaimed students loan scheme.

It is not the place of the Commission to determine where the government commits recovered proceeds of crime. But the student’s loan scheme is a salutary innovation which has the potential to reduce youth involvement in criminality.

As the Commission’s Chairman, Ola Olukoyde disclosed during a courtesy visit to the Commission by the NELFUND’s Managing Director and Chief Executive Officer, Mr. Akintunde Sawyerr on August, 13, 2026, the EFCC will monitor the use of the funds to ensure accountability and the realization of the objectives of the Scheme.

Dele Oyewale
Head, Media & Publicity
August 14, 2024

Massiveglory:
Bunch of radarada noises.
Even the agbado op knows he is making a fool of himself.
Tinubu boi, Just put out 1 with clear verifiable evidence that you have received.

Jostoman:
Government of palliative. Nothing to offer except shearing of rice and money for few people.

Make Nigerians no use their sense to vote in 2027.

The Federal Government has commenced the free conversion of petrol and diesel-powered commercial vehicles to compressed natural gas in a bid to cut the cost of transportation nationwide.

It started the exercise in Abuja and Lagos, urging commercial transport owners to key into the scheme by bringing their vehicles to be converted, stressing that the use of CNG would reduce the cost of transportation by over 40 per cent.

Officials of the Federal Ministry of Information and National Orientation, along with those from the Presidential Compressed Natural Gas Initiative, monitored the commencement of the exercise at the Federal Capital Territory, as transporters brought in their vehicles to be converted.

The Federal Government had earlier declared on Thursday that the conversion of petrol and diesel-powered commercial vehicles to run on compressed natural gas was going to be free of charge.

It made this public in Abujall after signing agreements with various companies involved in the conversion of petrol and diesel-powered vehicles to operate on CNG.

It said commercial transporters under their different unions, including the Road Transport Employers Association of Nigeria, the National Union of Road Transport Workers, and the and the Nigerian Association of Road Transport Owners, among others, would benefit from this.

The Programme Director/Chief Executive, Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, had disclosed this to journalists after the government agency signed agreements with various companies in Abuja.



Speaking at one of the conversion centres during the commencement of the exercise on Friday, the Sales and Business Development Manager, P-CNGI, Lara Ogunleye, said, “Today (Friday), we are at the NASENI Portland Conversion Centre where we have started the conversion for commercial vehicles. The first one that we have seen is from the e-hailing cabs that are part of the conversion scheme.

“The e-hailing cabs are supposed to pay a fraction of the cost of the conversion, while the transport associations have 100 per cent conversion free charge, and the cost of the kits is also 100 per cent free. Today we have started with the e-hailing cabs and the scheme is going to be done across the federation.

“We are starting with Abuja and Lagos. We will keep rolling it out and the announcements will be made as we keep moving to each of the states.”

On the number of cars to be converted nationwide, she said, “We intend to convert over a million cars within the first 12 months. So the conversion cost is free for transport associations, as well as the cost of kits.

“For e-hailing cabs, they are paying a fraction of the cost of the kits, and they are paying 100 per cent of the cost of conversion.”

She added that, “The fraction depends on the location. Right now, we are in Abuja, and they have their own fraction. For private individuals, the cost of conversion differs. It depends on the type of car and the size of the cylinder that goes into your vehicle. But it ranges from N700,000 to about N1.8m.”

Ogunleye urged transporters to take advantage of the offer, as this would help in crashing the cost of transportation across the country.

“So for transport owners across the federation, the cost of conversion is 100 per cent free for you.

“Please go to your transport associations, key in, and as we go to your locations, we will register you, take all your details, advise on the conversion centres that you can go to, present your vehicle, and get a free conversion. All of this is courtesy of the President,” she explained.

Speaking at another conversion centre in Abuja, Udechukwu Ejike, a Bolt driver, explained why he decided to convert his car from the use of petrol to CNG.

“I’m doing this because petrol is far higher in cost than CNG. For instance, in a day I buy petrol of about N25,000 to N30,000, but with CNG I’m to spend between N3,500 and N7,000. I’m happy with this initiative, and I advise everyone to consider converting their vehicles from petrol usage to CNG. It is very cheap and good,” he stated.

Other commercial transporters at the centres alluded to the position of Ejike as they expressed optimism that more of their colleagues would convert their vehicles and help reduce the cost of transportation across the country.

oloriooko:
obvious you are just like all of them, blind follower with little thinking capacity but full of baseless praises
if at all you are experiencing improved supply, it has nothing to do with the party, on the other hand, this administration has not proven that it has solutions to the nation's numerous challenges. talking of past administrations, you forgot to list buhari's regime as part of the power sector problem.
praising this admin is childish and premature furthermore you failed to support your post with facts and figures, all you did was cast a blanket of praises cuz your area is enjoying supply but are you aware of numerous areas still living in darkness.
please let's be objective and factual when it comes to scoring regimes.

year2013:
Paid agent post. Tell that to your gullible fans.

Chinjo2:
Count me out abeg.