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Friday, February 23, 2024

Nigeria unveils ambitious plan for one million CNG-powered vehicles by 2027

Stakeholders' Meeting Reveals Federal Government's Bold Move to Tackle Transportation Challenges Amidst Subsidy Removal

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In a groundbreaking announcement, the Federal Government of Nigeria has set forth an ambitious initiative to introduce one million compressed natural gas (CNG)-powered vehicles by 2027. The revelation emerged during a stakeholders’ meeting held at the Bank of Industry headquarters in Abuja, where Toyin Subaru, the Special Assistant to the President on Special Duties and Domestic Affairs, shared the comprehensive plan.

As a pivotal step in this strategic endeavor, Subaru disclosed the imminent deployment of 11,500 CNG-powered buses later this week. The initiative is poised to alleviate transportation challenges that have intensified in the wake of recent subsidy removals, offering a sustainable and economically viable solution for the public.

Highlighting the potential impact, Subaru assured that the introduction of CNG buses would substantially reduce the price of CNG to N230 per kg, positioning it as an affordable and environmentally friendly choice for citizens. He underscored the economic advantage, expressing that the integration of CNG-powered mass transit buses could save Nigerians up to two-thirds of their transportation costs.

Moreover, Subaru emphasized the initiative’s broader significance in advocating for CNG as a sustainable alternative to traditional petrol-based vehicles. He emphasized the abundance of natural gas resources within Nigeria, eliminating the need for imports to operate CNG-enabled vehicles.

The ambitious plan also includes the development of a user-friendly app to facilitate locating CNG stations across the country. Subaru envisions this innovation enabling citizens to seamlessly transition between petrol and CNG, ultimately reducing transportation costs to N230 per kg compared to the current N680 per liter of petrol. This visionary move aligns with Nigeria’s commitment to sustainable and cost-effective transportation solutions for its citizens.

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