The Federal Government has emphasized that transitioning from petrol-driven vehicles to Compressed Natural Gas (CNG) vehicles will significantly reduce transportation costs in Nigeria. This statement was made by the Minister of Transportation, Said Alkali, during a visit to an International Liquified Natural Gas Energy Conversion, Transportation, and Safety Company in Abuja.
Alkali highlighted that CNG-powered vehicles could transform the Nigerian economy, given that transportation is vital to economic growth. He pointed out that the switch to CNG would save resources and alleviate public transportation challenges across the country.
“Once CNG is fully implemented nationwide, we will see a significant drop in transportation costs,” Alkali said, adding that efforts are underway to establish more CNG outlets nationwide, aligning with President Bola Tinubu’s vision.
The minister also noted that this initiative is part of the government’s broader strategy to provide safer and more affordable energy for the transportation sector, which should, in turn, reduce the cost of goods and services.
Former Special Adviser to the President on Senate Matters, Sen. Ita Enang, further emphasized that CNG vehicles could cut transportation costs by up to 90%. He explained that this shift justifies the removal of petroleum subsidies, urging Nigerians to embrace gas as an alternative to mitigate the economic impact of subsidy removal.
Chief Operating Officer of the LNG company, Samuel Uko, reassured stakeholders of the company’s commitment to reducing transportation costs. He also highlighted that the gas initiative aligns with President Tinubu’s Renewed Hope Agenda and called on all stakeholders to support efforts to curb inflation in the country.
