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Federal Government Plans 40% Cut In Transport Fares With CNG Initiative
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.
“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.
entertainment
“YOU WILL NEVER SEE YOUR MONEY AGAIN!” Ubi Franklin Drops A Bombshell On The Brutal Financial Reality Of The Music Industry!.
Prominent music executive Ubi Franklin has opened up about the daunting financial realities of the industry during his appearance on the EC podcast, labeling the music business as the single riskiest venture he has ever undertaken. Franklin revealed that pushing a single track to the public can easily demand an investment of up to ₦100 million, noting that dropping the song is merely the starting line.....KINDLY READ THE FULL STORY HERE▶
According to him, maintaining momentum requires heavy spending long after release—even if a track successfully goes viral on TikTok—because modern music consumers have exceptionally short attention spans and can lose interest overnight. Highlighting the volatile nature of the industry, Franklin warned that sinking massive amounts of capital into a song offers zero guarantee of a financial return, making it an intensely unpredictable gamble for executives and investors alike.
Reflecting on the grueling economics of the trade, Franklin stated: “Music is the riskiest business I’ve ever done. You need ₦100m to promote one song. Even if TikTok carries it, you still need money to keep it on the charts because people have short attention spans, and there’s no guarantee you’ll get your money back.”
entertainment
POLICE MOVE IN: Reality Star Tacha Arrested At Her Lagos Home Over Cybercrime Unit Summons
Big Brother Naija star Natacha Akide, popularly known as Tacha, has reportedly been arrested by the Nigeria Police Force.....KINDLY READ THE FULL STORY HERE▶
According to Best of Nollywood (BON) CEO and movie producer Seun Oloketuyi, the reality star was picked up at her Ajah residence on Sunday morning after allegedly ignoring three separate police invitations issued by the Nigeria Police National Cyber Crime Centre (NPF-NCCC) between May and August 2026. Sources indicate the arrest stems from a viral online video in which Tacha accused an unnamed man of child molestation, rape, and trafficking young people to Europe under the guise of fake scholarships.
In a separate recent interview with Daily Sun, Tacha reflected on her rise in the entertainment and beauty industry, crediting her late mother’s hard work and prayerful nature as her primary driving force. “If she had the same opportunity I have right now, she would do everything I have done and even more,” Tacha shared, noting that her ongoing success is fueled by a desire to keep making her mother proud.
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“HE HAD NEVER TREATED ME THAT WAY”: Hanga Breaks Silence On The Toxic Fallout With Kwankwaso.
Senator Rufai Sani Hanga (Kano Central) has detailed the breakdown of his political relationship with Rabiu Kwankwaso, the NDC vice-presidential candidate, in an interview with Dan’uwa Rano TV.....KINDLY READ THE FULL STORY HERE▶
The rift largely stemmed from Hanga’s massive constituency empowerment program, where he distributed vehicles, rice, fertilizers, and other items. According to Hanga, Kwankwaso grew unhappy with his rising public profile and the scale of the initiatives. Tensions peaked when Hanga hosted the distribution event at a venue associated with Kwankwaso; though the former governor initially agreed to attend, he arrived looking displeased, left for prayers, and never returned.
Hanga recounted that Kwankwaso later confronted him, complaining that the event was designed to court public praise and dismissing the small portion of items allocated to him. Despite Hanga apologizing, he felt deeply disrespected—especially after previous instances where Kwankwaso pressured him to allocate empowerment resources outside his senatorial district.
Concluding that mutual respect had vanished and that Kwankwaso’s dissatisfaction ultimately cost him his return ticket, Hanga remarked, “He has treated others this way, but he had never done it to me until that moment.”
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