Osinbajo: We’ll focus on auto gas as alternative to petrol

Vice President Yemi Osinbajo, stated this during a virtual interactive session hosted by the Africa Report magazine on Thursday.

Under the Nigerian Economic Sustainability Plan , the Federal Government’s objective is to promote domestic use of CNG and support the creation of 1 million jobs by maximizing the domestic use of CNG while reducing reliance on refined petroleum products like kerosene and Premium Motor Spirit . “We are trying to ensure that businesses survive this period by providing as much support as we can, and by relieving them of as much burden as possible and ensuring that they are able to get some moratorium so that they can at least continue to run their businesses and by all the other interventions and support that we are giving, we hope that those interventions will help businesses.

Addressing concerns raised about electricity tariffs, the Vice President said the era of subsidizing petrol and electricity was over, noting that government has adopted measures of addressing the situation.

Please make we hear word .. Which one you Na ever do or get right..fake national farthers

That is a leaking pledge

Lemme quote out for a headline reader 👇 According to him, “what we have decided to do is to focus on Compressed Natural Gas (CNG) which is about half the price of petrol today. So, if we use CNG for our cars and for our buses, it will cost between N78 and N80 or so per liter.”

Nice, Prof. we need every available cheaper alternative to petrol till fuel begins to be of lesser importance

That is a progressive measure to harness power at lower cost for electricity and automobiles.

I wonder how this will work when we cannot refine fuel here.

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