Subsidy Removal: FG Targets 1m Gas-powered Vehicles by 2027

The federal government has unveiled plan to deliver one million Compressed Natural Gas (CNG) vehicles by 2027.

The move seeks to promote the use of CNG as an alternative to petrol, following the removal of petrol subsidy which had brought hardship on Nigerians.

The plan was disclosed by the Programme Director, Presidential CNG Initiative, Mr. Micheal Oluwagbemi, at a stakeholders’ meeting held at the weekend. The meeting was to formalise partnership with the Nigerian Institute of Transport Technology (NITT), FEMADEC Group, among others, aimed at catalysing sustainable transportation in the country. He said the government intended to establish 1,000 conversion workshops across the country, stressing that the initiative would provide over 50,000 jobs as well as cushion the impact of subsidy removal.

He said, “We have a goal, one million vehicles by the year 2027 and that allows Nigeria to save about $20 billion in 10 years and also allows us to manage transport inflation.”

He further explained that there was ongoing plan to launch 55,000 CNG conversion kits for existing PMS-dependent vehicles within the timeframe specified by President Bola Tinubu.

the authorAV1 NEWS

Leave a Reply