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Cross River Partners With FG To Cut Transportation Costs By 40% Using CNG
Cross River Partners With FG To Cut Transportation Costs By 40% Using CNG. The government of Cross River state has disclosed a partnership with Nigeria’s federal government aimed at a 40% reduction in transportation costs in the state through Compressed Natural Gas (CNG) Technology.....KINDLY READ THE FULL STORY HERE▶
The state governor, Bassey Otu, made a disclosure of his administration’s strategy to alleviate the high costs of food items and transportation in the state.
Governor Otu announced plans to achieve a minimum of 40% reduction in transportation costs in the coming months, with an expectation to lead to lower food prices.
He said the state government, in collaboration with the federal government, will build CNG vehicle conversion facilities and refueling stations throughout the state.
According to him, once the facilities become operational, they will assist commercial transport operators in transitioning their vehicles from petrol to CNG, further reducing transportation costs.
The state also anticipates the arrival of CNG-powered vehicles and tricycles for commercial use, which will reduce transportation costs and subsequently impact food prices in the state.
Governor Otu urged Nigerians to recognise the significant progress made in the country despite ongoing economic challenges and emphasised the importance of unity, consensus-building, and comprehensive development across all governance sectors during his administration.
“Efforts are currently underway to nurture a generation of selfless politicians committed to the prosperity and unity of the state,” he added.
He maintained Cross River state’s commitment to establishing a robust foundation for growth through the development of road, rail, and seaport infrastructure.
“Additional measures, such as supporting small and medium-scale enterprises, enhancing security, and providing fiscal interventions, underscore the administration’s commitment to fostering an environment conducive to investment”, he said.
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