CNG buses to slash transport costs, curb inflation soon

Shettima: Tax reforms initiated for overall benefits of Nigeriansbuses under the Presidential CNG Initiative will lead to a substantial reduction in transportation costs, ultimately helping to curb inflation.

Edun highlighted the significant cost savings that CNG buses offer compared to their petrol-powered counterparts. Present also were Tosin Coker, Commercial director PCNGi and Joseph Osanipin, Director General of the National Automotive Development and Design Council. He said: “When the current government first came into power and they removed subsidy, we made a proposal of CNG as the alternative source.

“Now, if that was done before the removal of fuel subsidy, no Nigerian would resist and nobody would have known that there is removal of subsidy.“We equally consulted people who are in that field and said we have gotten a bank to finance this at N320 per vehicle and then you can pay back for a period of three years as workers.

Represented by his Special Adviser on General Duties, Dr. Aliyu Moddibo Umar, the Vice President told participants at the close-out retreat of the Presidential Fiscal Policy and Tax Reforms Committee that contrary to speculations in some quarters, “we are not here to frustrate any sector of our economy but to create an administrative system that ensures the benefits of a thriving tax system for all our citizens.

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