Connect with us

Business

Tinubu sets to launch one million CNG vehicles nationwide

Published

on

In a move to tackle transportation challenges worsened by the recent subsidy removal, President Bola Ahmed Tinubu has unveiled plans to introduce one million vehicles powered by Compressed Natural Gas (CNG) by 2027. Toyin Subaru, the Special Assistant to the President on Special Duties and Domestic Affairs, disclosed this during a stakeholders’ meeting held at the Bank of Industry headquarters in Abuja.

According to Subaru, the initiative aims to deploy 11,500 CNG-powered buses across the country in the near future. The Federal Government has assured that the introduction of CNG buses will significantly reduce the price of CNG to N230 per kg, making it an affordable and environmentally friendly option for the public.

In addition, Subaru emphasized that integrating CNG-powered mass transit buses will enable Nigerians to save up to two-thirds of their transportation costs. He stated, “Now, with this CNG plan, we don’t have to import what we need to operate our vehicles. It is called CNG, and we have the gas here in Nigeria. So, the idea is to take the gas and distribute it across Nigeria via different truck stations.”

“Most cars are not CNG-enabled yet, and what we are doing is to help them convert their cars, so they can use petrol and CNG at the same time,” Subaru added. To facilitate the transition, an app will be developed to help Nigerians locate CNG stations. This initiative is expected to help citizens save about two-thirds of their transport costs, as the price of CNG is projected to be N230 per kg, compared to the current cost of petrol, which is N680 per litre.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending