With the introduction of Compressed Natural Gas-powered buses, Wale Edun, the Minister of Finance and Co-ordinating Minister of the Economy, has assured that Nigerians will experience a decrease in transportation expenses.
The ministry’s Director (Press & PR), Stephen Kilebi, revealed in a statement on Thursday the information.
The statement was made by Edun during a town hall meeting in Abuja with the management and staff of the Ministry.
According to the statement, the minister stressed the importance of the staff’s collaboration and support to help him meet the requirements set by the President Bola Tinubu-led administration.
It read, ‘The meeting, which was held at the instance of the minister, was aimed at exchanging views with the management and staff on how best to deliver on the mandate of the Ministry in the Renewed Hope Agenda of the current administration.’
Furthermore, Edun promised to uphold the ongoing staff welfare to foster better and more efficient service delivery.
He was also quoted as saying, ‘Things are going to change and be better, not only for Nigerians but will make the Ministry attain global competitiveness.’
The statement added, ‘He assured that staff welfare would be given top most consideration to ease their suffering, disclosing that plans were on the way for the provision of Compressed Natural Gas buses to alleviate the suffering of Nigerians as a result of the removal of fuel subsidy, stressing that with CNG buses Nigerians would pay less for transportation.’
One of the proposed solutions to counter the consequences of fuel subsidy removal is the allocation of N100bn for the purchase of 3,000 units of 20-seater CNG-fuelled buses.
August saw the establishment of the Presidential Compressed Natural Gas Initiative by Tinubu, with a focus on introducing over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for current PMS-dependent vehicles.
Tinubu, in October, also declared the upcoming launch of Compressed Natural Gas conversion kits. The president reiterated the administration’s commitment to improving the affordability and accessibility of public transportation.
The president reiterated the administration’s commitment to improving the affordability and accessibility of public transportation.