FG plans CNG at N250 per litre for mass transit buses

President Bola Tinubu is projecting a cost of N250 per litre for Compressed Natural Gas (CNG) to make mass transportation more affordable for Nigerians

His Special Adviser on Media and Publicity, Ajuri Ngelale, made this known on Tuesday, during an interview on Channels Television.

Ngelale noted that the policy, chaired by the Chief of Staff, Femi Gbajabiamila, will roll out 11,500 new CNG fuel vehicles for mass transit systems across all states of the federation.

Ajuri also drew attention to the immediate rollout of 55,000 new CNG conversion kits for existing PMS vehicles to further accelerate the process of conversion and transition from PMS to CNG. “You’re now looking at about N250 per litre on average for CNG,” he added.

“That’s going to have a massive impact on the ability of the everyday Nigerian going to work and back, going to market and back using mass transit across our states. That’s going to do that in the immediate term.

“But I need to note that it is one thing to deal with the demand side of the CNG equation.

“The deal effectively is going to roll out 56 new CNG filling stations across all states of the federation within the next 16 months, 21 new CNG filling stations within the next nine months and then 35 CNG filling stations between April 2024 and April 2025, which essentially takes us to the midterm of his first term in office.

“We’re also going to be rolling out an exemption on customs duties as well as VAT exemptions on all importation of CNG conversion kits to further accelerate and cheapen the prices of CNG conversion for families across Nigeria and that is the President’s focus at this time,” he stated.