Governors Propose CNG Transit Program to Cut Fares
The Nigerian Governors' Forum (NGF) is considering the National Affordable CNG Transit Programme (NACTP) to alleviate the financial burden on citizens due to the removal of the petrol subsidy. This proposal was announced in a communiqué after a meeting held on Wednesday in Abuja, chaired by Kwara Governor AbdulRahman AbdulRazaq.
The initiative involves state governments supporting the conversion of commercial vehicles to compressed natural gas (CNG), providing fleets, and developing necessary fuelling infrastructure. In exchange, transport operators participating in the programme would be expected to lower passenger fares.
Bayelsa Governor Diri emphasized that reducing transport costs would positively impact the broader economy, as transportation costs significantly influence consumer prices. He noted that CNG is cheaper than petrol, which could create a "multiplier effect" across various sectors.
The governors did not specify a start date for the initiative, acknowledging that further work is needed on financing and implementation.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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