Toyin Subaru, special assistant to the president on special duties and domestic affairs, says compressed natural gas (CNG) will cost N230 per kg as against petrol which is sold at a higher price.
He made this known at a stakeholders’ meeting held at the Bank of Industry (BOI) headquarters, on Sunday in Abuja.
Subaru said the meeting was to formally establish a partnership to support sustainable transport in Nigeria, including with the FEMADEC group and the Nigerian Institute of Transport Technology (NITT).
He said the initiative would help Nigerians save two-thirds on transportation costs.
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“Now, with this CNG plan, we don’t even have to import what we need to operate our vehicles,” he said.
“It is called CNG and we have the gas here in Nigeria. So, the idea is just to take the gas to distribute it across Nigeria via different truck stations.
“Most gas is not CNG enabled yet and what we are doing is to help them convert their cars so you can use petrol and CNG at the same time.
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“We are going to develop an app that will enable you locate where a CNG station is located. We should be able to buy gas for our cars at N230 per KG as against the cost of petrol which is N680 per litre.
“This should help every Nigerian save about two-thirds of their transport cost.”
He added that the federal government plans to have one million CNG vehicles on Nigerian roads by 2027.
On his part, Micheal Oluwagbemi, programme director, presidential CNG initiative, said the government intends to establish 1000 conversion workshops across the country,
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He added that the initiative will help provide over 50,000 jobs and cushion the effect of subsidy removal.
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