Connect with us

latest

Federal Government Plans 40% Cut In Transport Fares With CNG Initiative

Published

on

Federal Government Plans 40% Cut In Transport Fares With CNG Initiative....KINDLY READ THE FULL STORY HERE▶

On Friday, the Federal Government of Nigeria announced a plan to boost compressed natural gas infrastructure and cut transportation fares by over 40 per cent.

This initiative was formalised during a Friday Memorandum of Understanding signing ceremony in Abuja.

Speaking during the event, Programme Director of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, emphasised the government’s commitment to affordable transportation amidst rising fuel prices.

“We are working hard to bring transportation prices down, especially during these challenging times. Mr President has introduced a great alternative to the petrol problem—compressed natural gas,” he stated.

He added that under the new plan, fares for eight-passenger vehicles would be reduced from N12,000 to N7,000, while fares for four-passenger vehicles would drop from N13,000 to N8,000 for trips from Abuja to Ajaokuta train station.

Oluwagbemi noted, “Specifically, the trip from Itakpe Station to Warri costs N5,000, showcasing the benefits of our infrastructure investments over the past five years.”

“This represents a significant savings of over 40 per cent. Passengers travelling from Abuja to Ajaokuta Station will greatly benefit from Mr President’s intervention,” he added.

According to Oluwagbemi, the initiative not only aims to provide immediate financial relief but also encourages the conversion of existing commercial vehicles to CNG, which is sold at a discount of up to 60 per cent compared to petrol prices.

Read Also:https://nivonews.com/2024/09/28/%e2%82%a63-1bn-fraud-case-i-handed-15-8m-cash-to-suswam-at-his-home-witness/

“The converted vehicles will operate at a significant discount, remain flexible, and run cleaner, cheaper, safer, and more reliably,” he asserted.

According to Oluwagbemi, transportation fare reductions are expected to be implemented nationally by the end of October, with converted vehicles prominently labelled to indicate reduced fares.

“The NURTW has committed to ensuring compliance with these new rates. If any operator violates the agreed-upon fare, they will reimburse the full installation cost,” he warned.

The Secretary of the NURTW’s Ajaokuta unit, Adeyemo Teslim, expressed gratitude for the collaboration, stating, “We believe joining forces will yield multifaceted benefits, which we’re eager to support.”

He highlighted the need for expanded coverage to enhance accessibility across various regions.

He noted that the agreement included an enforcement mechanism to ensure compliance with the new fare structure.

He added that to facilitate the transition, 10 CNG fuel conversion centres had already been established between Abuja, Itakpe, and Ajaokuta, including six stations operated by the Nigerian National Petroleum Corporation and two by NIPCO.

He hinted that more stations were planned, with partnerships being formed with Bovas to introduce additional facilities in Abuja.

According to Oluwagbemi, the initiative not only aims to provide immediate financial relief but also encourages the conversion of existing commercial vehicles to CNG, which is sold at a discount of up to 60 per cent compared to petrol prices.

“The converted vehicles will operate at a significant discount, remain flexible, and run cleaner, cheaper, safer, and more reliably,” he asserted.

He added that to facilitate the transition, 10 CNG fuel conversion centres had already been established between Abuja, Itakpe, and Ajaokuta, including six stations operated by the Nigerian National Petroleum Corporation and two by NIPCO.

Oluwagbemi also stated that Greenville was set to inaugurate 17 additional refuelling stations across Nigeria by year-end.

“We have partnered with Matrix Energy to establish five new stations in Delta and Abuja. NNPC has completed six stations in Abuja, with six more expected in Lagos by October,” Oluwagbemi averred.

He disclosed that vehicle inspections were expected to conclude next week and conversions were set to commence shortly thereafter.

“With over 100 vehicles applying for conversion, we anticipate a two-to-three-week process,” he explained.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

latest

WHO Speaks On Ebola Fears, Reveals Number Of People Under Close Monitoring In Nigeria.

Published

on

The World Health Organisation (WHO) Regional Director for Africa, Mohamed Janabi, has announced that Nigeria currently has no Ebola cases following the evacuation of the index patient and her husband to Switzerland.....KINDLY READ THE FULL STORY HERE▶

Reports indicate that the patient was airlifted out of Nigeria aboard a medical air ambulance through the private jet wing of the Nnamdi Azikiwe International Airport in Abuja.

In a statement posted on his X account on Monday, Janabi said Nigeria would continue monitoring 52 contacts, while Switzerland would take responsibility for the patient’s ongoing medical care and monitor her husband.

He disclosed that the evacuation took place earlier in the morning, adding that both the patient and her husband are Swiss citizens.

According to Janabi, the patient was clinically stable following successful treatment by Nigerian medical teams, who managed her through the acute phase of the illness and stabilised her condition before the evacuation.

The WHO regional director commended the Federal Government, healthcare workers, clinicians, emergency responders and other partners for their contributions to Nigeria’s Ebola response.

He said the successful management of the patient demonstrated Africa’s expertise, resilience and leadership in public health, particularly when countries collaborate to tackle health emergencies.

However, Janabi emphasised that the evacuation did not mean vigilance could be relaxed, stressing the importance of continued contact monitoring and other public health response measures.

He reiterated that Nigeria would maintain close surveillance of 52 contacts, while Switzerland would oversee the patient’s continued treatment and monitor the 53rd contact, her husband.

Continue Reading

latest

Man United Crisis: Carrick Speaks Out After Shock Bournemouth Defeat.

Published

on

Manchester United head coach Michael Carrick has said he does not expect to be sacked within the next 24 hours following his side’s disappointing 3-0 home defeat to Bournemouth in the Premier League on Saturday.....KINDLY READ THE FULL STORY HERE▶

The loss at Old Trafford has intensified scrutiny of Carrick as Manchester United continue to struggle with inconsistent performances and results this season.

According to football transfer expert Fabrizio Romano, who shared the manager’s comments on X on Sunday, Carrick acknowledged the uncertainty surrounding his future but maintained that he would continue carrying out his duties as usual.

“I totally understand the situation. I’m not expecting anything in particular, to be honest. I’m carrying on as normal and, you know, I love this place,” he said.

The former Manchester United midfielder also reaffirmed his commitment to the club, insisting that he would continue to act in what he considers the team’s best interests despite the mounting pressure.

Bournemouth’s victory further compounded United’s recent difficulties, marking their third defeat in four home matches and extending their winless run across all competitions to eight games.

Meanwhile, reports indicate that co-owner Sir Jim Ratcliffe and other senior club officials are considering possible replacements as they assess Carrick’s future at Old Trafford.

Former Bayern Munich manager Julian Nagelsmann and ex-Newcastle United boss Eddie Howe have reportedly emerged as leading candidates for the position.

However, Manchester United director of football Jason Wilcox and chief executive Omar Berrada are expected to make the final recommendation before presenting their preferred candidate to Ratcliffe.

The club has yet to announce any decision regarding Carrick’s future, leaving uncertainty over who will lead the team into their next Premier League fixture against Chelsea.

Continue Reading

latest

“If You Insult Tinubu, I’ll Insult You” – Sunday Igboho Fires Warning At Makinde.

Published

on

Yoruba Nation activist Sunday Adeyemo, popularly known as Sunday Igboho, has criticised Oyo State Governor Seyi Makinde over his alleged mockery of President Bola Tinubu.....KINDLY READ THE FULL STORY HERE▶

According to reports, Igboho condemned Makinde’s conduct during a public event, describing it as childish and disrespectful to the President.

Makinde had challenged rival presidential candidates to demonstrate their physical stamina after jumping off a stage during a campaign meeting in Akure, Ondo State, on October 22.

The governor made the demonstration at the APM South-West Presidential Campaign Town Hall Meeting held at the Ondo State International Conference Centre, popularly known as The Dome.

While addressing supporters, Makinde said he would focus on candidates’ energy levels and ability to withstand the demands of leadership rather than making age a major issue ahead of the 2027 presidential election.

Reacting to the incident, Igboho accused the Oyo governor of making fun of Tinubu and warned that he would respond to anyone who insulted the President.

In a statement on Sunday, the Yoruba Nation activist said Makinde’s actions amounted to disrespect towards the President.

“He was jumping around like a frog and a mad man, insulting Tinubu, saying Tinubu can’t jump like him as if he doesn’t have a father.

“If you insult Tinubu, I will insult you back. Anyone who wants to live long should not mock an elderly person for any reason,” Igboho said.

Continue Reading

Trending