Nigerian President Tinubu announces CNG program to save N2 trillion by reducing transportation costs.

Nigerian President Bola Tinubu announced the Compressed Natural Gas (CNG) program, which aims to save the country approximately N2 trillion by reducing transportation costs by 60%. The CNG project, launched last year, will distribute conversion kits at low cost to business transporters, who account for 80% of the nation's PMS use. The initiative is part of the Presidential CNG Initiative, which targets compressed natural gas for mass transit and was launched in response to the gasoline subsidy being removed in May 2023.

August 04, 2024
5 Articles