x

Fuel hike: 4,000 trucks now run on gas – FG

Vice-President Yemi Osinbajo says the plan by the Federal Government to convert cars of Nigerians to run on Compressed Natural Gas will start with commercial vehicles.

He said the plan was already being experimented in Edo State where he said Dangote firm has converted 4,000 trucks to run on gas.

According to a statement on Monday by his Senior Special Assistant on Media and Publicity, Laolu Akande, the Vice-President disclosed this during an interview he had with State House correspondents on Sunday.

This is coming about a month after the prices of petroleum and electricity tariff were increased in the country.

The statement was titled “President understands pains of Nigerians, working out further palliatives -VP Osinbajo.”

Osinbajo was quoted as describing the plan as one of the strategies the Federal Government is adopting to make energy cheaper for Nigerians to carry out their daily activities.

He said, “One of the ways is by using Compressed Natural Gas. Government has committed to do the conversion. First of all, we are starting with commercial vehicles.

“Most commercial transporters will have the capacity to use both gas and petrol. That is already being done experimentally in Edo State.

“Dangote, for instance, has converted all his trucks to the use of CNG, and that is 4,000 or even more of those trucks. It is not a particularly difficult thing to do for the commercial transporters, it may be expensive for the individual but that is also part of the commitment of government, to be able to do the conversion, and the price of gas comes at about almost half the price of petrol.”

The Vice President said the government is also currently involved in other ways to reduce the burden on Nigerians, saying nobody expected a downturn in the economic fortunes of the country occasioned by the fallouts of COVID-19 pandemic.

He added, “We had 12 consecutive quarters of growth before the pandemic, we were all expecting that 2020 will be the best year, since the beginning of the administration, but here we are, faced with challenges, global challenges, we also have our own peculiar problems.

“But the important thing is that the President and the government are committed completely in ensuring that Nigerians do not suffer needlessly and in whatever way it is possible, we will reduce the burden on Nigerians.

Hot this week

CSO Calls for Abolition of CBN’s 2% Service Charge on Hajj Fare

**By Jabiru Hassan**The Independent Hajj Reporters (IHR), a civil...

FCT Minister, Flags-off Abuja Light Up Project

HE Nyesom Wike, the FCT Minister on Thursday, called...

Sixty-Five Cheers to a Great Nation in Need of True Reflections

The Pan Niger Delta Forum (PANDEF), on behalf of...

Carnival in Aba as Tinubu commissions reconstructed Port Harcourt Road

By Lucy OmakpoThe commercial city of Aba was transformed...

North Central Development Commission Pledges Transparency in ₦140bn Budget as NASS Reviews Estimates

By Israel Adamu, JosThe North Central Development Commission (NCDC)...

Ghana to Pull Women To 2025 African Women Conference in Nov

By Joyce Remi-BabayejuThe Republic of Ghana is set...

Dinfa: Only a Northern Christian President Can Protect Northern Christians

By Israel Adamu, JosThe National Coordinator of the Young...

The Role of the United States in the Iran–Israel Geopolitical Rivalry

By Diri Glory IdaerefaaThe Middle East has long been...

2027: ACF to Regulate Officials’ Communication with Media, Public

By Achadu Gabriel, KadunaThe Northern socio-cultural organization, Arewa Consultative...

IHR Commends President Tinubu for Hajj Fare Reduction, Seeks ₦1,000/$1 Concessionary Exchange Rate

By Jabiru HassanIndependent Hajj Reporters (IHR) has commended President...

IHR Commends Tinubu for Hajj Fare Reduction, Urges N1,000/$1 Concessionary Rate

By Jabiru HassanThe Independent Hajj Reporters (IHR) has commended...

Related Articles

Popular Categories

spot_imgspot_img