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Home»National»FG To Reduce Price Of Gas To N230 Per KG
National

FG To Reduce Price Of Gas To N230 Per KG

Adejuyigbe FrancisBy Adejuyigbe FrancisOctober 29, 2023No Comments2 Mins Read
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The Special Assistant to the President on Special Duties and Domestic Affairs, Toyin Subaru, has assured Nigerians that the planned rollout of Compressed Natural Gas buses will reduce CNG price to N230 per kg.

This is coming amidst plans by the government to deploy 11,500 gas-powered buses across the country from next week, as part of measures to ease current transportation challenges.

Subaru said the initiative would help Nigerians save two-thirds on transportation costs and promote the use of CNG as an alternative to petrol.

The presidential aide made this known at a stakeholders’ meeting held at the Bank of Industry headquarters, on Sunday in Abuja.





The meeting was to formalise a partnership with the Nigerian Institute of Transport Technology, FEMADEC group, among others to facilitate sustainable transportation in Nigeria.

He said, “Now, with this CNG plan, we don’t even have to import what we need to operate our vehicles. It is called CNG and we have the gas here in Nigeria.

So, the idea is just to take the gas to distribute it across Nigeria via different truck stations. “Most gas is not CNG enabled yet and what we are doing is to help them convert their cars so you can use petrol and CNG at the same time.

“We are going to develop an app that will enable you locate where a CNG station is located. We should be able to buy gas for our cars at N230 per KG as against the cost of petrol which is N680 per litre. This should help every Nigerian save about two-thirds of their transport cost.”

He added that the Federal Government plans to have one million CNG vehicles on Nigerian roads by 2027.

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Adejuyigbe Francis
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