With the Introduction of CNG Bus, Price Expected to Drop To N230 Per kg

The price of compressed natural gas (CNG) is expected to fall to N230 per kg, as announced by the Federal Government of Nigeria, with the introduction of CNG buses.
Toyin Subaru, the Special Assistant to the President on Special Duties and Domestic Affairs, made the disclosure over the weekend in Abuja during a stakeholders’ meeting at the Bank of Industry headquarters.
The Federal Government’s plan to roll out 11,500 CNG-powered buses countrywide starting next week in an effort to alleviate the transport issues caused by the loss of subsidies is the context for this.
According to the presidential adviser, Nigerians would be able to save two-thirds of their commuting costs with the introduction of CNG-powered mass transit vehicles.
Furthermore, he mentioned that the programme would encourage the use of compressed natural gas (CNG) as a substitute for petrol.
“Now, with this CNG plan, we don’t even 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 just to take the gas to distribute it across Nigeria via different truck stations.
One million CNG-powered cars are expected to be on the road by 2027, according to the presidential advisor.
Over 50,000 employment would be created as a result of the Presidential CNG Initiative, according to Michael Oluwagbemi, the programme director.
He also mentioned that the Federal Government intends to establish 1,000 conversion workshops across the country.
“Our goal in the presidential CNG initiative, as stated by the President in his October 1st speech is to make 55,000 conversion kits immediately available to the Nigerian public so that we can begin to jumpstart the CNG revolution.
“The palliative programme as described by the president will last until March 31, 2024. So, technically speaking, we are expected to roll out 55,000 within that time frame.
“Given of course naturally, we are quite a bit constrained when it comes to the number of workshops and there’s a reason why we’re here today.
“We only have seven functional workshops in the country. In our estimate, we need about 1000 to be able to achieve our goal.”

Source: allnewsng.com

EntekHub.com

All Author Posts