• Latest
  • Trending
JUST IN: Some Nigerians mistook SARS disbandment  as weakness – Buhari

Buhari launches gas-for-car initiative, directs minister to hand over mass transit buses to organised labour

December 1, 2020
NIN: NIMC workers begin strike over funding, exposure to COVID-19, others

NIN holders increase to 47.8m, says FG

January 19, 2021
JUST IN: Seven feared dead as Amotekun, herdsmen clash in Oyo community

Amotekun seizes eight sacks of dangerous weapons from bandits, kidnappers in Oyo

January 19, 2021
Nigeria to access COVID-19 vaccine January 2021, says Okonjo-Iweala

COVID-19: FG releases N10bn to support local vaccine production

January 19, 2021
48 hours after winning election, new LG Chairman in Kano dies of high BP

48 hours after winning election, new LG Chairman in Kano dies of high BP

January 19, 2021
EFCC appoints director demoted by Magu head of academy

EFCC appoints director demoted by Magu head of academy

January 19, 2021
JUST IN: Seven feared dead as Amotekun, herdsmen clash in Oyo community

Okada riders spying for bandits, kidnappers- Oyo Amotekun chairman

January 19, 2021
NSCDC rescues Ibadan chief from mob after allegedly defiling two minors

NSCDC rescues Ibadan chief from mob after allegedly defiling two minors

January 19, 2021
How we averted crisis in Ife during #EndSARS protests – Ooni

2023:Ooni warns South West politicians against division, says Tinubu’s values indelible

January 18, 2021
Insecurity: APC, PDP groups exchange words over Makinde’s foreign trip

Oyo PDP, APC trade words over fake Amotekun uniform

January 18, 2021
VIDEO: Nigerians pick ‘aso ebi’ for Biden’s inauguration

VIDEO: Nigerians pick ‘aso ebi’ for Biden’s inauguration

January 18, 2021
Fayemi names members of judicial panel on human rights violations by police

COVID-19: Ekiti relaxes curfew, lifts restrictions on religious services

January 18, 2021
Akeredolu announces 25-member second term inauguration committee (SEE LIST)

BREAKING: Akeredolu orders herdsmen to vacate Ondo forest reserves, bans night grazing

January 18, 2021
  • Contact Us
  • Advertise
Tuesday, January 19, 2021
  • Login
Newspeakonline
  • News
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
  • News
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
Newspeak
Home News

Buhari launches gas-for-car initiative, directs minister to hand over mass transit buses to organised labour

Akinwande Soji-Ojo by Akinwande Soji-Ojo
December 1, 2020
in News
Reading Time: 3 min
0
JUST IN: Some Nigerians mistook SARS disbandment  as weakness – Buhari
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram
UBA Banner 533×166
FirstBank Dec29

President Muhammadu Buhari on Tuesday in Abuja appreciated Nigerians and Organised Labour for restraint, understanding and patience as the country tackles myriad economic challenges, assuring that the Federal Government is working hard to ameliorate the situation.

Speaking at a virtually held event at the State House to unveil National Gas Expansion Programme and National Auto-gas Roll-out Initiative, Buhari said:“Let me now express my deep appreciation to Nigerians for their patience, and Organized Labour for its maturity and patriotism as we collectively navigate these global economic and other challenges.’’

RelatedPosts

NIN holders increase to 47.8m, says FG

Amotekun seizes eight sacks of dangerous weapons from bandits, kidnappers in Oyo

COVID-19: FG releases N10bn to support local vaccine production

The President urged Nigerians to embrace the use of gas as an alternative to fuel, noting that:
“It is no longer news that the vast natural gas resources, which Nigeria is endowed with has hitherto been used sub-optimally as a result of a dearth of gas processing facilities and infrastructural connectivity for effective and optimal domestic utilisation.


“As I mentioned above, with a proven reserve of about 203 Trillion Cubic Feet (TCF) and additional upside of 600 TCF ranking Nigeria as the 9th in the world currently, the need for domestic gas expansion and utilisation is apparent.’’

He said the deregulation of the downstream sector had exposed many to price volatilities in the global market, urging attention to more affordable alternative for energy, especially with Nigeria’s heavy reserve.


“Therefore, the roll-out of the National Gas Expansion Programme, Auto-gas initiative is coming at the right time, especially in light of global crude oil market fluctuations coupled with the full deregulation of the local PMS market.


“These developments have made it imperative to focus on gas as an alternative fuel to move Nigeria from the conventional dependence on white products for autos and prime-movers of industrial applications, to cleaner, more available, accessible and affordable energy source.


“The outcome will not only cushion the effect of the downstream deregulation that this government has to painfully implement, but also create new markets and enormous job opportunities for our people,’ Buhari said.


The President said the auto-gas initiative will lead to increased domestic gas utilisation and enrich the trajectory of national economic growth and development, adding: “I therefore encourage everyone to embrace gas in form of LPG, CNG and LNG as an alternative fuel for autos and other prime-movers.’’


“The Minister of State Petroleum Resources is hereby directed to commence the process of hand over of mass transit buses to Organised Labour as part of our government’s pledge to continue providing support that will ease the transportation challenges Nigerians are facing at this time,’ he added.

In his remarks at the event, the Minister of State for Petroleum Resources, Timipre Sylva, said the Ministry is focusing on development of skills, technology and manpower as well as growth in the utilisation of LPG, CNG and LNG.

He added that the National Gas Expansion programme which was initiated this year to boost the utilisation of gas in the short and medium term “is expected to create two million jobs per annum, promote skills acquisition and enhance technology transfer in addition to growing the nation’s GDP.”

The Group Managing Director of NNPC, Mele Kolo Kyari informed that from 2016 to 2019, the Federal Government had spent over three trillion naira subsidising the pump price of petroleum products particularly PMS, insisting that the subsidy regime did not benefit the masses that the President is passionate about.

He added that the economic effects of the COVID-19 pandemic have made it impossible to continue with the onerous subsidy regime.

Related

Tags: BuhariGaslabour
Previous Post

CSCS bags securities services company of the year award

Next Post

Ex-minister, Oby Ezekwesili calls for probe of Buhari’s mental, physical health

Related Posts

Buhari appoints ex-Lagos Military Administrator, Marwa, NDLEA  chairman

Buhari appoints ex-Lagos Military Administrator, Marwa, NDLEA chairman

January 16, 2021
JUST IN: Some Nigerians mistook SARS disbandment  as weakness – Buhari

Be fair in your criticisms, Buhari tells Nigerians

January 14, 2021

Outline actionable policies to tackle insecurity, economic woes, Erubami tells Buhari

January 8, 2021

Minimum wage: Ekiti govt, labour sign agreement on consequential adjustment for senior workers

January 6, 2021

Intels disagrees with Atiku, says business not hindered by political influence

January 5, 2021

Speaking on Buhari’s administration isn’t good for my sanity- Soyinka

January 5, 2021

Buhari’s New Year address empty, directionless, says PDP

January 1, 2021
Next Post
Ex-minister, Oby Ezekwesili calls for probe of Buhari’s mental, physical health

Ex-minister, Oby Ezekwesili calls for probe of Buhari’s mental, physical health

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nigeria COVID-19 Live Update

NIGERIA

Confirmed
112,004
Deaths
1,449
Recovered
89,939
Active
20,616
Last updated: January 19, 2021 - 6:36 pm (+01:00)

Global

Confirmed
96,231,207
+226,267
Deaths
2,055,783
+6,787
Recovered
68,848,801
Active
25,326,623
Last updated: January 19, 2021 - 6:36 pm (+01:00)
Access Bank2020

Newspeakonline

© 2020 Newspeak & Associates
Optimized by IChannelTech.

Navigate Site

  • Breaking News
  • Business
  • Entertainment
  • Interview
  • Newpeak Magazine
  • Newspeak Exclusives
  • Politics
  • COVID-19 Update

Follow Us

No Result
View All Result
  • News
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak Exclusives

© 2020 Newspeak & Associates
Optimized by IChannelTech.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In