The Presidency has said that the cost of Compressed Natural Gas (CNG), a cheaper alternative to Premium Motor Spirit, otherwise known as petrol, is projected to cost N250 per litre.
The proposal for the use of CNG by the Federal Government and other stakeholders is part of efforts to make mass transportation more affordable after the removal of fuel subsidy which has led to a hike in the price of the product.
This was made known by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, while making a live appearance on a Channels Television programme, Business Morning, on Tuesday, August 22, 2023.
Ngelale pointed out that getting the product cheaper was part of Tinubu’s “very important” Presidential Compressed Natural Gas Initiative.
What the Presidential media aide is saying
Ngelale said that the policy, chaired by the Chief of Staff to the President, Femi Gbajabiamila, will roll out 11,500 new CNG fuel vehicles in the near term, focusing on mass transit systems across all states of the federation.
