This, according to the firm, offers Nigerians a good substitute for rising gasoline and diesel prices.
The company’s plant in Nnewi, Anambra State, hosted the display of the CNG automobiles.
Trucks, minibuses, ambulances, long buses, SUVs, and a number of other types of vehicles are included.
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Speaking at the unveiling, Dr Innocent Chukwuma, Chief Executive Officer of IVM, informed Nigerians that CNG vehicles are safe and that a variety of cars are available.
“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.
“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.”
Likewise, the Governor of Anambra State, represented by the Commissioner for Industry, Anambra State, Mr. Christian Udechukwu, declared that the state is preparing to offer answers to the problems Nigerians are encountering as a result of the removal of subsidies.
He stated,
“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”.
In order to strengthen the economy and lower the profile of the country’s debt, he further stated that Nigeria needs local manufacturing and empowered industries. All that is required is that businesses and everyone else look for regional alternatives, of which Innoson is one.
“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.
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