• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Fuel Subsidy Removal: Innoson Launches Gas Powered Vehicles

by Agency Report
2 years ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

Following the removal of subsidy and rising price of petrol and diesel, Innoson Vehicle Manufacturing, IVM, has mass-produced varieties of Compressed Natural Gas, CNG, buses as alternative to cushion the impact on Nigerians.

Advertisement

The showcase of the CNG vehicles took place at the company’s factory in Nnewi, Anambra State. The vehicles range from trucks, mini-buses, ambulances, long buses, SUVs, and several others.

Speaking during the unveiling, the Chief Executive Officer, IVM, Dr. Innocent Chukwuma assured Nigerians of the safety of CNG Vehicles and the availability of various kinds of cars.

“We manufacture according to demand, and we manufactured these buses because there is a demand for them now. During the COVID-19 Pandemic, we produced more ambulances, so we are on the ground and ready to produce.

“CNG vehicles bring a solution to total dependence on one or two kinds of vehicles.

RELATED

BBNaija Season 9 Reunion Ends With Drama, Apologies, Closure

BBNaija Season 9 Reunion Ends With Drama, Apologies, Closure

54 minutes ago
Lagos Street Photo Walks To Spotlight Youth Entertainment, Empowerment

Lagos Street Photo Walks To Spotlight Youth Entertainment, Empowerment

56 minutes ago

“The CNG vehicles are a solution, that’s why we produce them. We made space for CNG, LNG, and Fuel so that anyone available in an area can be used to drive the vehicles. Electric cars, biogas, and solar-powered vehicles are also produced in this factory.”

Similarly, the Governor of Anambra State, represented by the Commissioner for Industry, Anambra state, Mr. Christian Udechukwu stated that the state is gearing up to provide solutions to the challenges facing Nigerians because of the removal of subsidies.

In his words, “We are aware that Innoson has renewable technologies, CNG, LNG and Solar powered technologies that can contribute to the mass transport system in Nigeria and other national solutions”.

“The withdrawal of the subsidy has created a shock and the price of fuel has increased by almost 200% leading to restiveness in the Nigerian Labour Congress, the trade unions, and other Nigerians. The cost of transportation has risen apparently and one of the ways the government can alleviate that is by introducing mass transit systems that run on alternative energies as well as fuel. The more you have the ones that run on gas and solar, the greater the chances of a stable fuel price due to the existence of choices and Innoson offers that”.

He also added that local manufacturing and empowered industries are needed in Nigeria to boost the economy and shrink the national debt profile. All we need is for the industries and everyone else to look to local solutions and Innoson is one.”

The Head of Corporate Communications, IVM, Mr. Cornel Osigwe pointed out the advantages of Natural Gas Vehicles and the need to patronize local manufacturers. According to him, “Gas has less combustion rate than fuel. So generally, gas is more environmentally friendly. Nigerians are used to petrol cars but the abundance of natural gas has provided sustainable alternatives to all.

“Transportation is very crucial to economic development. Beyond the movement of people from one place to another, it also facilitates the quick and effective distribution of goods and services.

“At this stage in Nigeria’s development, better transportation options are the perfect solution to the rising dependence on petrol and diesel to meet the transportation needs of over 200 million persons.

“Innoson Vehicle Manufacturing, an indigenous car manufacturing company has produced hundreds of CNG-powered vehicles suitable for Nigerian and African Roads.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Subsidy Removal Solution To Fuel Smuggling To Neighbouring Countries – Arewa Group

Next Post

Stakeholders Call For Political Participation To Tackle Corruption

Agency Report

Agency Report

You May Like

BBNaija Season 9 Reunion Ends With Drama, Apologies, Closure
News

BBNaija Season 9 Reunion Ends With Drama, Apologies, Closure

2025/07/05
Lagos Street Photo Walks To Spotlight Youth Entertainment, Empowerment
Entertainment

Lagos Street Photo Walks To Spotlight Youth Entertainment, Empowerment

2025/07/05
Grammy Award Winner, Angelique Kidjo To Perform @ Her 40th Music Anniversary Concert
Entertainment

Angelique Kidjo Becomes First African On Hollywood Walk Of Fame

2025/07/05
Unraveling Margaria-Kalman Syndrome: A Rare Neurological Disorder
Health

Unraveling Margaria-Kalman Syndrome: A Rare Neurological Disorder

2025/07/05
Unlocking Business Potential In Exporting Fried, Dried Meat
Feature

Unlocking Business Potential In Exporting Fried, Dried Meat

2025/07/05
18 Injured As False Fire Alarm Triggers Flight Evacuation In Majorca
News

18 Injured As False Fire Alarm Triggers Flight Evacuation In Majorca

2025/07/05
Leadership Conference advertisement

LATEST

BBNaija Season 9 Reunion Ends With Drama, Apologies, Closure

Lagos Street Photo Walks To Spotlight Youth Entertainment, Empowerment

Angelique Kidjo Becomes First African On Hollywood Walk Of Fame

FCT FA League Division One Super 6 Fixtures Unveiled

Rufai’s Death, Great Loss To Nigerian Football – Shaibu

Club World Cup: PSG, Bayern Face Off In Heavyweight Clash

Tinubu Celebrates Shehu Dikko At 55

Organisers Explain Shift In Kick Off Date Of Eko International Cup

Unraveling Margaria-Kalman Syndrome: A Rare Neurological Disorder

Unlocking Business Potential In Exporting Fried, Dried Meat

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.