Abuja, Jan. 29, 2024 – Mohammed Idris, the Minister of Information and National Orientation, says deployment of Compressed Natural Gas (CNG) in mass transit buses will reduce cost of transportation by 50 per cent.
The minister said this in a statement on Sunday.
He advised Nigerians to see the initiative as a relief introduced by Tinubu’s administration to alleviate the economic challenges stemming from subsidy removal.
Idris said there were concerted efforts by the government to also tackle inflation, stabilise foreign exchange rates, and establish a genuinely supportive climate for business and investment.
“Impactful interventions are being rolled out, including a Students’ Loan Scheme, a Presidential Initiative to deploy lower-cost CNG mass transit buses to provide alternatives to petrol and diesel, and various low-interest loan schemes for businesses.
“The CNG interventions will bring down the cost of transportation by more than 50%.
“We urge Nigerians to take advantage of these opportunities as they emerge, as they have been designed for the benefit of all.
“All relevant Ministries and Agencies of the Federal Government are working in coordinated fashion, to bring down inflation, stabilize foreign exchange rates, and create a truly enabling environment for business and investment.” (GBN)
