As part of the effort to reduce the high cost of transportation within the nation’s capital, the federal government handed over 15 high-powered buses on Thursday under the Presidential Compressed Natural Gas Initiative to various transport unions in FCT.
The Minister of Transportation, Senator Sa’id Alkali, while handing out the buses to the unions in Abuja, said the Renewed Hope Clean Energy Transport Scheme is a strategic initiative designed to ease the burden of fuel subsidy removal on Nigerians.
He said: “This launching ceremony will witness the handover of 15 CNG-powered buses to NURTW, RTEAN, and NARTO as part of the President’s Renewed Hope Clean Energy Transport Scheme, a strategic initiative designed to ease the burden of fuel subsidy removal.”
He said further: “These buses symbolise the government’s commitment to empowering citizens while transitioning to a cleaner energy economy. They also allow us to monitor and ensure the safety and efficiency of the transportation sector, ultimately benefiting all Nigerians.
“The Presidential Compressed Natural Gas Initiative is a bold statement of Nigeria’s intent to take control of its resources and utilise them for the benefit of its people. We have been exporting our raw materials for decades only to import finished goods at a premium.
“We exported crude oil and imported refined petroleum; we exported palm oil, cocoa, and rubber and imported soap, chocolate, and tyres. The time has come to break this cycle.”
