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Presidency says CNG to cost N230 per kg


The Special Assistant to the President on Special Duties and Domestic Affairs, TOYIN SUBARU, has assured Nigerians that the planned rollout of Compressed Natural Gas (CNG) buses will reduce the price to 230 naira per kilogram.

 

The presidential aide made this known at a stakeholders’ meeting held at the Bank of Industry headquarters in Abuja.

 

This is coming amidst plans by the government to deploy 11,500 gas-powered buses across the country from next week, as part of measures to ease current transportation challenges.

 

SUBARU said the initiative would help Nigerians save two-thirds on transportation costs and promote the use of CNG as an alternative to petrol.

 

On his part, the Programme Director of the Presidential CNG Initiative, MICHEAL OLUWAGBEMI, said the government intends to establish 1000 conversion workshops across the country, adding that the initiative will help provide over 50, 000 jobs and cushion the effect of subsidy removal.

 

OLUWAGBEMI added that with an ongoing partnership with relevant stakeholders, 55,000 CNG conversion kits for existing PMS-dependent vehicles will be launched within the time frame specified by President BOLA TINUBU.

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