- Amid the petrol price hike, Nigerians will be breathing a sigh of relief very soon
- This is as the presidency has revealed its plan to roll out an option for fuel to citizens
- The Nigerian government disclosed that it will be unveiling the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) for Nigerians in no time
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The presidency has revealed its plan to unveil the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) options for fuel to Nigerians as a way of cushioning the harsh economic effect of the petrol price hike.
This planned move from the federal government was disclosed by Laolu Akande, a media aide to Vice President Yemi Osinbajo, who noted that this is part of President Muhammadu Buhari's Economic Sustainability Plan (ESP).
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Akande revealed that the government, in no time, will be funding a system where Nigerians can convert their cars from fuel use to gas.
He stated that this is aimed at helping the citizens who are already going through many financial ordeals to save some money.
The presidential media aide noted: “We are working assiduously to provide Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) so that Nigerians do not depend on fuel alone.”
“Some of these initiatives have begun in some states such as Edo and Rivers states. There is a lot of progress in Edo state. Government is going to be funding a system where people can convert their cars from fuel use to gas. We are doing all these to ensure that the average Nigerian is able to save money.”
Akande went on to explain that the ESP sets out to spend 2.3 trillion naira to tackle the economic effects of COVID-19 and thwart another wave of recession in Nigeria.
Meanwhile, Legit.ng reported that Nigeria's minister of information and culture, Lai Mohammed, had said that Nigerians would soon be able to buy fuel at a cheaper price.
The minister disclosed this on Tuesday, September 15, during a media tour of the Waltersmith Modular Refinery and Petro-Chemical Company Limited, in Ibigwe, Ohaji Egbema local government area of Imo state.
The minister also explained that with the arrival of medium-scale refineries, Nigerians will soon experience cheaper petroleum products.
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