Subsidy Palliative: Tinubu Announces Deployment Of CNG Buses Nationwide

Eko Hot Blog reports that Nigeria’s President, Bola Ahmed Tinubu has declared a new era in Nigeria’s public transportation saying that the federal government will now deploy cheaper and safer Compressed Natural Gas (CNG) buses across the nation.

President Tinubu made this known in his nationwide broadcast on Sunday, October 1st, 2023 on the occasion of Nigeria’s 63rd Independence Anniversary.

The President also stated that the buses will operate at a fraction of current fuel prices, positively affecting transport fares.

The Nigeria leader who said that his government is doing all it can to ease the burdens created by fuel subsidy removal outlined the new transportation scheme as part of the government’s path taken to relieve the stress on Nigerians and their households.

“I am attuned to the hardships that have come. I have a heart that feels and eyes that see. I wish to explain to you why we must endure this trying moment. Those who sought to perpetuate the fuel subsidy and broken foreign exchange policies are people who would build their family mansion in the middle of a swamp. I am different. I am not a man to erect our national home on a foundation of mud. To endure, our home must be constructed on safe and pleasant ground.

“Making the economy more robust by lowering transport costs will be key. In this regard, we have opened a new chapter in public transportation through the deployment of cheaper, safer Compressed Natural Gas (CNG) buses across the nation. These buses will operate at a fraction of current fuel prices, positively affecting transport fares.” The president added.

He disclosed that his administration has embarked on several public sector reforms to stabilize the economy, direct fiscal and monetary policy to fight inflation, encourage production, ensure the security of lives and property and lend more support to the poor and the vulnerable.

President Tinubu assured that all hands are on deck as the country expects to receive New CNG conversion kits.

He guaranteed the establishment of CNG training facilities and workshops across the nation to train and provide new opportunities for transport operators and entrepreneurs.

“New CNG conversions kits will start coming in very soon as all hands are on deck to fast track the usually lengthy procurement process. We are also setting up training facilities and workshops across the nation to train and provide new opportunities for transport operators and entrepreneurs. This is a groundbreaking moment where, as a nation, we embrace more efficient means to power our economy. In making this change, we also make history.” he added.

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