News

Sunday Dare Urges Nigerians to Embrace Flexible Payment Plan for CNG Conversion Introduced by President Tinubu

Published

7 months ago

October 11, 2024

Joel Ajayi

Former Minister of Youth and Sports Development, Chief Sunday Dare, has called on Nigerians to take advantage of the flexible payment plan introduced by President Tinubu’s administration for converting vehicle engines to run on Compressed Natural Gas (CNG).

In a series of tweets on X (formerly Twitter) on Thursday, Chief Dare highlighted that both the United States and Europe have long embraced alternative energy sources such as electric vehicles. He noted that the flexible payment plan provided by the Nigerian government would ease Nigerians’ transition from expensive Premium Motor Spirit (PMS) to CNG.

“I have been an early convert to the CNG option which President Tinubu approved as a national policy. It’s forward-thinking. America and Europe have embraced electric cars as alternatives to expensive PMS. Let’s embrace CNG. The Convert Now, Pay Later option should turn into a national campaign immediately,” Dare tweeted.

He also emphasized the benefits of CNG beyond transportation, advocating for its use in electricity generation and heating, similar to its application in the United States and Europe.

“The Convert Now, Pay Later initiative by the Federal Government is a brilliant and pragmatic option in these times. Nigerians should be jamming the portal gocng. ng for an easy online application and quick approval process. Let’s go the CNG way,” he added.

Chief Dare expressed confidence that the initiative would place Nigeria on a sustainable energy path, benefitting both the economy and the environment.

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Business

Bilateral Boost: Nigeria, Italy Forge Path to Shared Prosperity

Published

15 hours ago

May 22, 2025

The Gleamer

Maryam Aminu

Nigeria’s Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has described the country as one of Africa’s most attractive investment destinations, as Nigeria and Italy take bold steps toward deepening economic and trade relations.

Speaking at the first Nigeria-Italy Investment Summit 2025 (NIIS 2025), themed “Building Bridges: Unlocking Opportunities,” Abbas, represented by Hon. Afuope Afolabi, emphasized Nigeria’s large population, dynamic market, and resource-rich economy as key assets for global investors.

“Italian enterprises have found fertile ground in Nigeria, and we in turn have benefited from these investments,” Abbas said, calling for a reimagined approach to bilateral cooperation through targeted investments in agriculture, energy, oil and gas, agro-processing, and solid minerals.

The summit organized by Giant Gee Nigeria Limited in partnership with the Italian Embassy served as a high-level platform for fostering investment-driven dialogue and strategic partnerships.

Deputy Speaker Benjamin Kalu, represented by Hon. Uchenna Harris Okonkwo, echoed the sentiment, stating, “These are two nations with immense potential. This summit is not just about investment; it’s about aligning values and mutual economic ambition.”

Italian Deputy Ambassador Mr. Lacopo Foti described the gathering as a celebration of shared values, trust, and commitment to sustainable development. “Italy’s cultural heritage and technological expertise make it a natural partner for Nigeria,” he noted.

With 2024 trade volumes between the two countries reaching approximately €2.5 billion, stakeholders expressed optimism that NIIS 2025 would spark greater collaboration and unlock long-term opportunities to transform both economies and improve livelihoods.

Earlier, the Managing Director of Giant Gee Nigeria Ltd, Amb. Engr. Augustine Chigbolu, said the summit aims to revitalize the bilateral business relationship between Nigeria and Italy.

“By fostering these strategic partnerships, the summit aims to not only solidify existing trade relations but also to discover new avenues for joint innovation and development.” He added

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