ADVERTISEMENT
TechEconomy
Saturday, June 7, 2025
No Result
View All Result
Advertisement
ADVERTISEMENT
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Lagos NURTW Launches ₦10.2B CNG Tricycles to Curb Rising Transport Expenses

Lagos NURTW Launches ₦10.2B CNG Tricycles to Curb Rising Transport Expenses

...what previously cost around N15,000 in fuel expenses can now be reduced to as low as N2,500 to N3,000 with CNG tricycles

Joan Aimuengheuwa by Joan Aimuengheuwa
October 16, 2024
in Mobility
0
Lagos NURTW Launches 3,000 CNG Tricycles to Tackle Rising Transport Costs
CNG Tricycles

CNG Tricycles

RelatedPosts

Tesla Becomes 2025’s Worst-Performing Big Tech Stock as Musk–Trump Feud Drags On

Tesla Becomes 2025’s Worst-Performing Big Tech Stock as Musk–Trump Feud Drags On

June 6, 2025

Tesla Shares Rise Slightly After Political Clash, But Risks Remain

June 6, 2025
UBA
Advertisements

In a bid to address the growing transportation challenges in Lagos State, the National Union of Road Transport Workers (NURTW) has introduced 3,000 Compressed Natural Gas (CNG) tricycles, valued at ₦10.2 billion. 

The goal is to provide more affordable transportation options and reduce the financial stress on residents, particularly due expensive fuel prices.

Alhaji Azeez Abiola, the Zonal Chairman of the Tricycle Owners and Operators Association of Nigeria under the NURTW, led the unveiling of the new CNG tricycles on Wednesday. 

He stated that this new fleet of CNG-powered vehicles would bring great relief to both operators and commuters by slashing the daily operational costs for tricyclists. According to him, what previously cost around ₦15,000 in fuel expenses can now be reduced to as low as ₦2,500 to ₦3,000 with CNG tricycles.

With these 3,000 tricycles set to begin operations in Lagos, Abiola emphasised the project’s prospects to create over 5,000 jobs, benefitting drivers and technicians involved in maintaining and converting the tricycles to run on CNG. 

He appreciated President Bola Tinubu’s support, aligning with national goals to promote cleaner energy solutions and alleviate the economic burden on citizens.

However, Abiola pointed out some logistical challenges, notably the limited availability of CNG refuelling stations. Currently, only one station exists in Agidingbi, Ikeja, while most operators are based in areas such as Alagbado, Agege, and Ifako-Ijaiye. 

He urged the government to consider establishing more refuelling points closer to these operational routes and to relax restrictions on tricycles using these routes to ease access to refuelling stations.

The introduction of CNG tricycles is part of the government’s initiative aimed at encouraging the use of alternative fuels to tackle the high costs of traditional petrol. 

The Presidential Compressed Natural Gas Initiative (PCNGI) offers incentives for commercial vehicle owners to convert their vehicles to CNG, with a view towards reducing transportation costs and supporting a cleaner environment.

Despite initial issues over the safety of CNG, experts have reassured the public that the conversion process, when done at certified centres, is safe. These vehicles are built with reinforced cylinders and automatic shut-off sensors to ensure operational safety.

Loading

Advertisements
MTN ADS

0Shares
Tags: Alhaji Azeez AbiolaCNG TricyclesLagos NURTWLagos Unveils 3
Previous Post

Everstage Raises $30M Series B to Enhance Sales Performance Management, Drive 300% YoY Growth

Next Post

Rep to Tinubu: Submit 2025 Budget Proposal

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Tesla Becomes 2025’s Worst-Performing Big Tech Stock as Musk–Trump Feud Drags On
Mobility

Tesla Becomes 2025’s Worst-Performing Big Tech Stock as Musk–Trump Feud Drags On

by Joan Aimuengheuwa
June 6, 2025
0

With Musk openly feuding with Republican leadership, analysts are concerned that political issues could hurt demand in key markets

Read more
Tesla Shares Rise Slightly After Political Clash, But Risks Remain

Tesla Shares Rise Slightly After Political Clash, But Risks Remain

June 6, 2025
Tesla Loses $150 Billion in Market Value as Musk’s Clash with Trump Escalates

Tesla Loses $150 Billion in Market Value as Musk’s Clash with Trump Escalates

June 6, 2025
Glovo launches in Port Harcourt

Glovo Drives N71 Billion Revenue Surge for Nigerian SMEs

May 30, 2025
EBOCAb LAUNCH IN EBONYI STATE

Ebonyi Launches EBOCAB e-Hailing Taxi Service

May 28, 2025
Uber Freight Launches AI Tools to Tackle Supply Chain Challenges

Uber Freight Launches AI Tools to Tackle Supply Chain Challenges

May 21, 2025
Next Post
Budget

Rep to Tinubu: Submit 2025 Budget Proposal

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

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

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.