President Bola Ahmed Tinubu has announced a strategy to introduce one million Compressed Natural Gas (CNG) fueled vehicles by 2027.
Toyin Subaru, the President’s Special Assistant on Special Duties and Domestic Affairs, revealed this during a recent meeting with stakeholders at the Bank of Industry headquarters in Abuja.
Subaru explained that the plan includes the deployment of 11,500 CNG-powered buses across the country, offering a solution to transportation challenges aggravated by the recent subsidy removal.
The Federal Government has assured that the introduction of CNG buses will lead to a significant reduction in CNG prices to N230 per kilogram, making it a cost-effective and environmentally friendly option for the public.
Subaru underscored that the integration of CNG-powered mass transit buses will allow Nigerians to save up to two-thirds of their transportation expenses.
“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 gas is not CNG enabled yet, and what we are doing is to help them convert their cars so you can use petrol and CNG at the same time.
“We are going to develop an app that will enable you to locate where a CNG station is located. We should be able to buy gas for our cars at N230 per KG as against the cost of petrol, which is N680 per litre. This should help every Nigerian save about two-thirds of their transport cost,” he said.
