The federal government has concluded plans to launch and deploy Compressed Natural Gas (CNG) vehicles for mass transit, starting this May, as part of activities marking President Bola Tinubu’s one year in office.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement, yesterday.

Onanuga said while considering buses and tricycles in addition, the government targeted about one million automobiles by 2027. He said the committee led by Michael Oluwagbemi was set to deliver cheaper, safer and more climate-friendly energy vehicles.

Onanuga said the committee had fulfilled some foundational reforms to enable the new CNG and electric vehicles deliver the future Tinubu promised.

He added that all was ready for delivery of the first set of critical assets for deployment and launch of the vehicles ahead of the first anniversary of the Tinubu administration on May 29.

The presidential aide assured that from the end of May this year, Nigeria would join the league of nations with large fleets of CNG vehicles.

The federal government provided N100 billion, as part of the N500 billion palliative budget, to purchase 5,500 CNG vehicles, being part of the many intervention programmes to cushion the effect of increase in petrol pump price on the masses. This included buses and tricycles, 100 electric buses and over 20,000 CNG conversion kits, spurring the development of CNG refilling stations and electric charging stations.

BasiGo garners $3 million in Kenya
Kenyan electric bus solutions startup BasiGo has secured $3 million worth of equity funding to scale up production of electric buses for Kenya and Rwanda.

The investment in Kenyan electric bus manufacturer BasiGo comes from Corporation For Africa & Overseas (CFAO), which also owns Africa’s largest automotive distribution network and is a subsidiary of the Japanese group Toyota Tsusho, the trading arm of the Toyota Group.

The Kenyan bus maker assembles BYD electric buses and provides charging and maintenance services for bus operators. BasiGo says it already has over 500 reservations from bus operators in Nairobi and an additional 100 reservations from operators in Kigali, Rwanda. The start-up is offering public transport operators its 25-seater “K6” and 54-seater “E9 Kubwa” BYD models assembled in Kenya. With the fresh investment, the company says it now aims to deliver 1,000 locally-assembled electric buses over the coming three years.

The investment is backed by venture capital firm Mobility54, the corporate venture capital arm of Toyota Tsusho, which led a $6.6 mn funding round in 2022 along with Trucks VC, a transportation-focused venture capital fund in Silicon Valley, and Novastar Ventures, a global VC supporting entrepreneurs in Africa.

Moroccoguy:
The equation is simple, how many CNG are they getting, what is the population of the 2 countries, $3m at what rate, what is the aim of the 2 countries on the plan CNG.

ganisucks:


Mushin Mathematics:

Kenya- $3million = 1000 buses
Nigeria- N100billion = 5,600 buses

😆😅🤣😂

Paraman:
$3 million dollars can't buy 1000 buses anywhere in the world

ganisucks:

The buses are locally assembled. Read the article.

Paraman:
So each of those bus cost just $3000 because they are assemble in Kenya?

Please nah, make we dey use our common sense abeg.

You can't get any of those bus for at least, $30,000

Paraman:
$3 million dollars can't buy 1000 buses anywhere in the world

LegendHero:
Nigeria problem is that educated Illiterates just too much for the country.

A startup in Kenya got some funding and someone rush to Nairaland to claim that $3million is the amount for all the buses. Where in the funding news did it mention it’s only for those buses?

ganisucks:

The buses are locally assembled. Read the article.

ganisucks:

Read.

Paraman:
It's people like you that do get scammed by Yahoo boys

I can't believe you will believe a new e-bus will cost $3000

ganisucks:

Read.

LegendHero:
Nigeria problem is that educated Illiterates just too much for the country.

A startup in Kenya got some funding and someone rush to Nairaland to claim that $3million is the amount for all the buses. Where in the funding news did it mention it’s only for those buses?

Let’s even do a quick maths. Let’s say the buses sell for $30k each which is practically impossible because even ordinary car sells for that amount.

So $30*50 = $15m already.

Localemperor:
Read man, Read and maybe you will be liberated someday.

LegendHero:


Read Wetin? I’m educating you so you won’t stop disgracing yourself online.

ganisucks:

Again, read. The problem with you Nigerians is that you record and never understand. 200 million Xerox machines.

ganisucks:
Kenya buses

The federal government provided N100 billion, as part of the N500 billion palliative budget, to purchase 5,500 CNG vehicles, being part of the many intervention programmes to cushion the effect of increase in petrol pump price on the masses. This included buses and tricycles, 100 electric buses and over 20,000 CNG conversion kits, spurring the development of CNG refilling stations and electric charging stations.

BasiGo garners $3 million in Kenya
Kenyan electric bus solutions startup BasiGo has secured $3 million worth of equity funding to scale up production of electric buses for Kenya and Rwanda.

rinzaugustine:
Wow…Kenya is doing theirs for equivalent of less than 500m naira maximum while tinubu is doing his at 100bn naira…what kind of greed and cruelty from tinubu is this? I only pity the starving Agbados who wail online to igbos day and night because tinubu knowing they have dull undeveloped brains told them igbos are their enemies while he eats away their patrimony, heritage and future they would have bequeathed to their next generation…very sad

ganisucks:

Read.