Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG - Politics

Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG - Politics - Nairaland

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Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by David2024(op): 2:31pm On May 19, 2024

The Nigerian government has highlighted the potential benefits of adopting Compressed Natural Gas (CNG) as a means to combat the high inflation rate, which reached 33.69 per cent in April 2024.

During a stakeholders’ engagement meeting in Port Harcourt, Rivers State, the Programme Director of the Presidential Initiative on Compressed Natural Gas, Michael Oluwagbemi, emphasized that transitioning to CNG could lead to significant cost savings for Nigerians, ranging from 40 to 50 per cent compared to traditional petrol usage.

Oluwagbemi also pointed out the safety advantages of CNG, stating that it is 18 times safer than petrol and diesel, in addition to being cleaner and more environmentally friendly.

Furthermore, the potential economic impact of widespread CNG adoption was highlighted, with projections suggesting that Nigeria could save approximately $2.5 billion by converting one million vehicles to CNG.

Notably, President Bola Ahmed Tinubu has urged all federal government entities to acquire CNG buses, signaling a commitment to promoting the use of this alternative fuel source.

The Nigerian government has set the price of Compressed Natural Gas at $1.57 per Metric Million British Thermal Unit, further incentivizing its adoption as a cost-effective and safer energy option.

https://obasanjonews.com/nigerias-inflation-will-be-reduced-by-use-of-cng-vehicles/

4 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by renythyly: 2:37pm On May 19, 2024*

No this is clearly a clueless statement.

76 Likes 4 Shares

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Melagros(m): 4:01pm On May 19, 2024

COMRADES are laughing at Tinubu right now grin

46 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by 4KNGOAT: 6:27pm On May 19, 2024

David2024:
The Nigerian government has highlighted the potential benefits of adopting Compressed Natural Gas (CNG) as a means to combat the high inflation rate, which reached 33.69 per cent in April 2024.

During a stakeholders’ engagement meeting in Port Harcourt, Rivers State, the Programme Director of the Presidential Initiative on Compressed Natural Gas, Michael Oluwagbemi, emphasized that transitioning to CNG could lead to significant cost savings for Nigerians, ranging from 40 to 50 per cent compared to traditional petrol usage.

Oluwagbemi also pointed out the safety advantages of CNG, stating that it is 18 times safer than petrol and diesel, in addition to being cleaner and more environmentally friendly.

Furthermore, the potential economic impact of widespread CNG adoption was highlighted, with projections suggesting that Nigeria could save approximately $2.5 billion by converting one million vehicles to CNG.

Notably, President Bola Ahmed Tinubu has urged all federal government entities to acquire CNG buses, signaling a commitment to promoting the use of this alternative fuel source.

The Nigerian government has set the price of Compressed Natural Gas at $1.57 per Metric Million British Thermal Unit, further incentivizing its adoption as a cost-effective and safer energy option.

Read Also: https://obasanjonews.com/nigerias-inflation-will-be-reduced-by-use-of-cng-vehicles/

All this clowns are looters

23 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by 4KNGOAT: 6:27pm On May 19, 2024

David2024:
The Nigerian government has highlighted the potential benefits of adopting Compressed Natural Gas (CNG) as a means to combat the high inflation rate, which reached 33.69 per cent in April 2024.

During a stakeholders’ engagement meeting in Port Harcourt, Rivers State, the Programme Director of the Presidential Initiative on Compressed Natural Gas, Michael Oluwagbemi, emphasized that transitioning to CNG could lead to significant cost savings for Nigerians, ranging from 40 to 50 per cent compared to traditional petrol usage.

Oluwagbemi also pointed out the safety advantages of CNG, stating that it is 18 times safer than petrol and diesel, in addition to being cleaner and more environmentally friendly.

Furthermore, the potential economic impact of widespread CNG adoption was highlighted, with projections suggesting that Nigeria could save approximately $2.5 billion by converting one million vehicles to CNG.

Notably, President Bola Ahmed Tinubu has urged all federal government entities to acquire CNG buses, signaling a commitment to promoting the use of this alternative fuel source.

The Nigerian government has set the price of Compressed Natural Gas at $1.57 per Metric Million British Thermal Unit, further incentivizing its adoption as a cost-effective and safer energy option.

Read Also: https://obasanjonews.com/nigerias-inflation-will-be-reduced-by-use-of-cng-vehicles/

All this clowns are loosers

22 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Ezeama400: 6:29pm On May 19, 2024

Clowns!

13 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Kaycee9242(m): 6:29pm On May 19, 2024

Lamba as usual

22 Likes 1 Share

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by oz4real83(m): 6:48am On May 20, 2024

They used to tell us inflation rate will reduce when Dangote and Port Harcourt refineries start working, that excuse has expired, it is now when we start using CNG buses, how many CNG buses do we have in Nigeria? embarassed

. The number of CNG buses we have is less than 1% of the total automobiles we have in Nigeria embarassed

48 Likes 1 Share

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by helinues: 6:49am On May 20, 2024

We need actions not repeated of same lyrics

80 Likes 1 Share

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by kellyjc(m): 6:49am On May 20, 2024

Timbom-timbom as usual. Very empty set of people.
Hunger don dey reset the brain of the fuul above me. After he see ewedu chop he will go back to factory setting. I hope it is getting clearer to all the zombies by now that awalokan cannot save anybody based on tribe or religion. Keep expecting performance from someone that only came to steal and destroy.
Koni da fun gbogbo supporters of bad leadership aje!
May this administration hit you guys and yours harder ....[b][/b][color=#000000][/color]

4 Likes 1 Share

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Sheuns(m): 6:49am On May 20, 2024

The government themselves know this is not going to happen.

10 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by chucks185: 6:49am On May 20, 2024

idiots

4 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Greatday8: 6:50am On May 20, 2024

Tinubu and him wrecking crew appointees are werey

2 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Chillext(m): 6:50am On May 20, 2024

Confused people

2 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Gggjhhj: 6:50am On May 20, 2024

Country of WILL, bateria affected statement

2 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Tokskob2008: 6:50am On May 20, 2024

Nawa for this FG sef

2 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by YourNextLevel(m): 6:51am On May 20, 2024

No more guess work nor blames

Buy one for me now ?

Kolomatic

1 Like 1 Share

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Oluwademilade: 6:51am On May 20, 2024

It will push up gas prices

2 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Chekwume16(m): 6:51am On May 20, 2024

When these guys talk they sound so empty and distant from reality. How many cng vehicles can you have in Nigeria that will impact inflation. Tinubu has really disappointed me

14 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Shurtman79(m): 6:52am On May 20, 2024

Fake promises here and there
We don't have hope anymore

4 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Yankee101: 6:52am On May 20, 2024

Clueless rulers
You’ve devalued the currency, Dangote is producing fuel locally and you’re still paying subsidy

You lack the capacity to govern

16 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by SouthSouth1914: 6:52am On May 20, 2024

How these people come to conclusions is mind troubling!

8 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by abraham324: 6:53am On May 20, 2024

Hmmmmm, u think so?

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Joy2dworldxyz: 6:53am On May 20, 2024

Yeye government of old baboons and chimps

8 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by valentineuwakwe(m): 6:54am On May 20, 2024

How will that reduce inflation in the country? Are we now producing CNG buses here or importing them?

4 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Adeolajude(m): 6:54am On May 20, 2024

If they can sell Tinubu as the president and it worked, why can't they sell anything.

4 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by LeeSantos(m): 6:55am On May 20, 2024

How many countries in the world do their commercial cars run on CNG?
There’s No enough trunk space and you want to use cylinder has taking most of the useful space

Even the countries with highest number of vehicles on the road do not have commercial CNG vehicle to save money

8 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Alhajikd: 6:56am On May 20, 2024

If this useless people know how Nigerians hate them, them go just park go one side.
Apc, kunci kutumar ubanku

1 Like 1 Share

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Ofunaofu: 6:57am On May 20, 2024*

Tinubu's cluelessness is legendary.

These people are just grasping at straws and hoping that any could click.

They have no idea how to get this country out of the disaster they brought it into.

4 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Inspirer1: 6:57am On May 20, 2024*

Will, can, to.....

The promised positive effects are not being felt nor has it come to reality.

1 year on and it's getting worse.

2 Likes

Re: Nigeria’s Inflation Will Be Reduced By Use Of CNG Vehicles - FG by Emeskhalifa(m): 6:57am On May 20, 2024

Try and error people.. You are hoping it reduces inflation, not like you are certain it is a proven method of reducing inflation.

I pray it works for the sake of the masses suffering due to all your ill policies

1 Like

1 2 3 Reply

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