The Federal Government is looking forward to a huge reduction in reliance on petrol with about $175 million worth of investments in Compressed Natural Gas (CNG) vehicles.
At least 700 CNG-powered buses are expected. Thousands of conversion kits and centres are underway. Yesterday, the first batch of 64 buses were given to Labour centres, students and the Federal Capital Territory (FCT).
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who inaugurated the vehicles at Aso Villa yesterday, described them as a major step in curbing inflation, now on a downward trend.
Project Director of the Presidential Initiative on CNG, Michael Oluwagbemi, said: “Since our founding exactly one year ago when Mr. President announced the Presidential CNG initiative, we’ve been able to move the nation forward.
“Nigeria had seven conversion centres this time last year. Today, we can boast of over 125. We’ve tracked over $175 million investments in the sector coming into mother stations. An additional 12 mother stations have been commissioned between last year and today.”
