Motoring

May 16, 2024

I’m impressed with quality of CNG vehicles, EVs at Jet Motor — Minister

I'm impressed with quality of CNG vehicles, EVs at Jet Motor — Minister

L-R : Derek Ewelukwa, CEO, Jet Motor Company, briefing Wale Edun, the minister of finance and co-ordinating minister of economy during the minister’s tour of Jet Motor Company CNG/EV assembly plant in Lagos, with Joseph Oluwemimo–Osanipin, DG of NADDC in attendance on Friday, May 10, 2024.

By Theodore Opara

The Federal Government says it is satisfied with the quality of Compressed Natural Gas, CNG, vehicles and Electric Vehicles, EVs, being produced at the Jet Motor Company in Lagos.

Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun, stated this during a tour of the company’s assembly plant in Lagos.

He said, “I have come to see what is happening with the CNG initiative and I’m quite impressed with the quality of vehicles and work being done here.”

The visit is also seen as part of efforts to engage with local producers, lay out government’s local industry support plans, and build a broad-based partnership with key industry leaders towards accelerating expansion of local capacity, job creation, and economic growth.

Edun said the Presidential Initiative on Compressed Natural Gas of the current administration was on course, and that the CNG vehicles would be rolled out for the benefit of all Nigerians.

He explained that the CNG vehicles are being produced locally and can’t be taken off the shelf, but have to be assembled.

He said, “I have seen for myself. I have driven them; tested them and I have seen them being assembled. Of course, in the near future, they will begin to be rolled out and the benefits will be available to all Nigerians.

“The initiative is reducing transport costs. It is also helping to grow the economy. So we see, two critical aims are being achieved.”

Edun commended the management of Jet Motor Company for their contribution towards deepening local automotive productive capacity.

He highlighted Jet Motor’s dedication to employing local talent which underscored their belief in empowering communities and contributing to Nigeria’s economic prosperity, while assuring them of continued government support.

The minister’s visit to Jet Motors, one of Nigeria’s foremost indigenous electric vehicle manufacturing plants, revealed Nigeria’s capacity to meet the growing demand for environmentally-friendly vehicles.

The minister was accompanied on the tour by the Director-General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, and Commercial Director at the PCNGi, Tosin Coker.

They were received by the founder and Chairman ofJet Motor Company, Chidi Ajaere; CEO, Engr Derek Ewelukwa; Sales Director, Sanjay Rupani; and Plant Manager, Ebimo Ofongo.

Welcoming the minister to the plant, Ajaere stated that the Jet Motors Company “now has the ability to assemble full CNG and petrol buses and convert petrol vehicles to CNG automobiles. We have capacity to do that today”.

Speaking at the event, Ewelukwa expressed appreciation to the minister and his team for the honour done the organization by their visit, and thanked the Tinubu administration for its intentional efforts geared towards supporting local industries, particularly the automotive sector, through direct interventions and the programmes of the NADDC.

“We are proud to be an indigenous company. We have always wanted to prove that it was possible to build here; to create value here; to export value from here. This is what we are doing,” he said.

Ewelukwa disclosed that the company had recently begun substantially investing in the production of CNG vehicles, in line with the policy direction of the Tinubu administration against the backdrop of reforms impacting the local energy market.

“We are an agile company; we continue to adapt to new realities and expand our offerings within the clean energy niche of the mobility market,” he said.

On his part, the NADDC boss Osanipin said it was gratifying that a truly indigenous company was accomplishing the vision of the agency through local automobile manufacturing.

He said, “We have seen your efforts and are truly proud of all you are accomplishing in the market.

“This is what we have always worked towards, and even much more right now with our renewed efforts under this administration.

“Sustainable mobility is the future, and we will work closely with you and other indigenous automotive manufacturers to achieve this for Nigeria.”

As a leader in indigenous auto manufacturing, Jet Motor Company specializes in building Electric Vehicles (EV) vans, pickups and CNG/Petrol buses tailored to meet Africa’s unique transportation needs.

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