Tinubu and Governors to Reduce Transport Fares by October
On August 28, 2023, President Bola Tinubu and state governors convened at the State House in Abuja to address high transportation costs in Nigeria. They agreed to implement measures aimed at reducing transport fares nationwide starting October 1, 2023.
This initiative is part of a broader strategy to promote the use of Compressed Natural Gas (CNG) and electric vehicles as alternatives to petrol-powered transportation. Tinubu emphasized that the goal is for Nigerians to benefit from savings generated by the Federal Government’s energy transition program, particularly as CNG conversion centers and refueling infrastructure are expanded.
The President noted that over 120,000 vehicles have already been converted to CNG, with an additional 100,000 conversion kits in processing. The government is also financing over 100 gas projects, including 15 CNG mother stations and 86 daughter stations, with four projects already commissioned in major cities.
Furthermore, the rollout of 500 additional CNG refueling stations is planned, bringing the total to 1,000.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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