CNG initiative, other reforms aim to improve economy ecosystems – FG

The Federal Government says its Presidential Initiative on Compressed Natural Gas (Pi-CNG) and other reforms aim to improve the entire economy ecosystems of the country.

The Minister of Information and National Orientation, Alhaji Mohammed Idris, said this at the 8th Value Chain Energy Magazine Annual Lecture series in Abuja on Tuesday.

The theme of the event titled “Growth in Energy Sèctor: Nexus Between Economic Development, Social Impact and Public Perception”.

Idris was represented by the Director-General of Federal Radio Corporation of Nigeria, Dr Mohammed Bulama.

According to him, the theme captures the philosophy of the President Bola Tinubu-led administration, which recognises that meaningful development must balance economic reforms, social outcomes and public trust.

“President Tinubu has been clear from the outset that Nigeria economic revival depends heavily on a stable, modern, and efficient energy sector.

“The Renewed Hope Agenda places itself at the centre of sustainable growth, industrialisation, investment attraction, job creation, and long-term national competitivenes.

“This administration is taking decisive steps to reposition sector-steps that reflect courage, long-term planning, and commitment to leaving Nigeria better than we found it.

“The administration’s push for CNG is part of a broader strategy for the evolution of a sustainable and affordable energy mix ecosystem that provides for cleaner fuel options and a plan to actively situate and support Nigerian citizens and businesses.

“This is not just an energy policy; it is an economic and social intervention that directly affects transport, manufacturing, and household budgets,” Idris said.

He said through the Electricity Act and enhanced collaboration with states, the government is unlocking new opportunities for private investment, off-grid solutions, and improved service delivery.

According to him, the goal is reliable power for homes, industries, and economic growth.

“By strengthening regulatory clarity, deepening local content, and encouraging innovation, the Tinubu’s administration is reinforcing Nigeria’s position as a top destination for energy investments across Africa.

“These reforms are bold, sometimes challenging, but essential for the stability and prosperity of our nation,” Idris said.

Our correspondent reports that the event attracted stakeholders from the oil and gas sector and many others.