TheInfrastructure Bank (TIB) and FEMADEC Group have partnered to promote the use of Compressed Natural Gas (CNG) buses across Nigeria.
The partnership aims to produce around 500 CNG buses to support the government’s commitment to cleaner energy.
President Bola Tinubu recently announced a government investment of N100 billion to acquire 3,000 units of 20-seater CNG-fuelled buses to be rolled out across all states and local governments.
FEMADEC Group already operates CNG buses and plans to introduce an additional 500 within the next five years, starting with 50 in the coming year.
The aim is to provide sustainable, affordable, and environmentally-friendly public transportation alternatives while supporting national sustainability goals.
A statement from The Infrastructure Bank (TIB) issued in Abuja yesterday said “this partnership seamlessly aligns with TIB’s sustainability objectives, echoing their resolute endorsement of the government’s net-zero and climate change agenda”.
The aim is to provide sustainable, affordable, and environmentally-friendly public transportation alternatives while supporting national sustainability goals.
A statement from The Infrastructure Bank (TIB) issued in Abuja yesterday said “this partnership seamlessly aligns with TIB’s sustainability objectives, echoing their resolute endorsement of the government’s net-zero and climate change agenda”.
“With plans to introduce 500 CNG buses within the next five years, commencing with an initial batch of 50 buses in the forthcoming year, this proposal stands poised to instigate significant change”.
