CNG VEHICLES WILL LOWER TRANSPORTATION COSTS- FG

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The Federal Government has stated that transitioning from petrol-powered vehicles to Compressed Natural Gas (CNG) vehicles would lower transportation costs in the country.

The Minister of Transportation, Said Alkali, made this remark during a visit to an International Liquified Natural Gas Energy Conversion, Transportation, and Safety Company in Abuja on Tuesday.

Alkali stated that CNG-powered vehicles would transform the Nigerian economy, as transportation serves as the gateway to the nation’s economic activities.

He emphasized that the transition to CNG would save significant resources and address many of the challenges currently faced by the public transportation sector.

“By the time this CNG is put in place all over the country, we are going to have a drastic reduction in the cost of transportation.

“Already, we have a lot of CNG outlets in Abuja. It is the desire of President Bola Tinubu to provide this CNG outlets in the entire country,”he said.

The minister said that with CNG, government was redoubling efforts at providing safer and cheaper energy in the transportation sector, which should bring down the cost of goods and services.

Also speaking, former Special Adviser to the President on Senate Matters, Sen. Ita Enang, said that CNG-driven vehicles would reduce the cost of transportation by 90 per cent.

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“It is a massive effort, and it is for projects and programmes like this that President Bola Tinubu created a specialised ministry of transportation and ministry of gas.

“This is so that each of them will contribute in different ways to easing the cost of living and transportation for Nigerians.

“This is a justification that it was necessary for the President and the government to remove subsidy on petroleum products because there is this alternative.

“What Nigerians need to do to avoid the pain on the economy; the pain experienced by the removal of subsidy on petroleum products, is to switch over to gas,” he said.

The company’s Chief Operating Officer, Mr. Samuel Uko, reassured stakeholders of the company’s commitment to lowering transportation costs in the country.

Uko mentioned that the gas initiative is part of President Tinubu’s Renewed Hope Agenda.

He urged all stakeholders to do everything possible to support the government’s efforts in reducing the inflation rate in the country.