No fewer than 64 Compressed Natural Gas (CNG)-powered buses have been handed over to the organized labour and the students.
The handing over was carried out on Sunday, September 29, as part of its CNG pilot programme.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said the gesture signified a major step in the fight against inflation.
Edun stated that inflation has peaked and is now declining, thanks to the President’s determination to keep inflation under control.
CNG-fueled vehicles offer a huge cost savings advantage, consuming only one-third of the fuel of petrol-powered vehicles. This translates to significant savings for commuters, with fuel costs reduced by up to 66%.
The initiative is part of the President’s policy to transition to cleaner, cheaper fuel for Nigerians, focusing on mass transit to support workers and help them cope with increased price levels.
The initiative is part of the President’s policy to transition to cleaner, cheaper fuel for Nigerians, focusing on mass transit to support workers and help them cope with increased price levels.
Explaining the allocation formular, Minister of Information and National Orientation, Idris said 40 buses would go to the labour unions, 20 to the student unions and four will transport passengers within Abuja.
He said “this is a necessary first step that the government has taken, and we are giving out 64 buses to commemorate the 64th independence anniversary of our great country.
“40 of these buses are going to the labour unions. You heard the representative of the labour here accepting them. 20 of the buses are going to the Students Union, and about four will now be here in the Federal Capital Territory.
