By Daniel Peters in Abuja.
The Federal Government has unveiled 64 Compressed Natural Gas (CNG) buses, underscoring its commitment to providing affordable and environmentally friendly transportation for Nigerians,as part of the celebrations for Nigeria’s 64th Independence Anniversary,
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, unveiled the buses at the Presidential Villa, Abuja.
In his remarks, the Finance Minister emphasized that the initiative fulfilled President Bola Ahmed Tinubu’s promise to support Nigeria’s most vulnerable citizens in the wake of necessary macroeconomic reforms.
According to him, the launch marks the first phase of a broader initiative that will see the distribution of over 500 CNG and 100 electric buses to labour and student unions aimed at enhancing public transport nationwide.
The Minister said:”The unveiling of these 64 buses is a symbolic gesture in honour of our nation’s 64th Independence Anniversary, but it represents just the beginning.
“Hundreds more buses are on order, with deliveries continuing.
“The move is a crucial part of our strategy to transition to cleaner, more affordable energy for Nigerians, particularly in the mass transit sector.
He explained that the adoption of CNG reflects a shift towards more cost-effective and environmentally friendly fuel options, noting that CNG-powered vehicles significantly reduce fuelling costs, offering up to a 70% savings compared to petrol-powered vehicles.
“A CNG vehicle costs about one-third of what it takes to fuel a petrol vehicle. Instead of spending 50,000 Naira to fill a tank, Nigerians will pay around 15,000 Naira with CNG.
“This is a substantial step towards lowering the cost of living, curbing inflation, and improving the quality of life for Nigerians”, the Minister added.
Energy analysts expressed optimism that the rollout of CNG buses will support more affordable public transportation, adding that the event marks a significant milestone in Nigeria’s efforts to address climate change, promote cleaner energy, and drive sustainable economic growth.
Our correspondent reports that high-ranking officials and others attended the occasion.
They include the Minister of Budget and Economic Planning, Senator Abubakar Bagudu; the
Minister of Information and National Orientation, Alhaji Mohammed Idris Malagi; and the Minister of State for Youth Development, Mr. Ayodele Olawande Wisdom.
Edited by Dada Ahmed.
