49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds (556 Views)
| 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by SmartEnergyng(op): 6:54am On Apr 29, 2025 |
A rising wave of concern is building around the Presidential Initiative on Compressed Natural Gas (PCNGI) as industry stakeholders and public accountability advocates begin to question the logic—and outcomes—of Nigeria’s most expensive clean energy reform effort to date. According to PI-CNG’s own data, over ₦49 billion has been spent distributing 40,000 CNG kits, with a stated objective of reducing transportation costs for the Nigerian people. Each kit, by the program’s own budget, costs roughly ₦1.2 million to deliver. But a simple question lingers: Has the cost of public transport changed by even a single kobo? If ₦49 billion cannot reduce the cost of commuting for Nigerians, then what is the economic—or moral—justification for the new push to distribute 70,000 more kits at a projected cost of ₦70 billion? This has sparked the launch of the #WhoIsWatchingPICNG campaign—a national call for transparency, impact measurement, and a halt to what many now view as a billion-naira black hole masked as reform. “We wonder,” says one campaign message, “who really benefits from this waste.” |
| Re: 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by Ejahell: 9:00am On Apr 29, 2025 |
Na WA oo |
| Re: 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by HeatSeeker(m): 10:10am On Apr 29, 2025 |
I love Nigeria ❤ ![]() |
| Re: 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by Dhoneymix: 10:11am On Apr 29, 2025 |
![]() You don't need Sarkin Dariya to make you laugh; just tune in your TV set or read news 🗞️ about Nigeria. I bet you're gonna 😂 laugh 🤣 hard |
| Re: 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by DomPerignon: 10:17am On Apr 29, 2025 |
SmartEnergyng:Heavy duty haulage are the ones keying into it and it has saved them huge amounts in fuel costs which has stabilized freight costs to a larger degree. I don't see most transport companies keying into it and that's why you are not seeing a direct reduction in cost of transport fare. The logistics hindering this is because outside Lagos, there are no intra state public owned transport companies like Lagos BRT. Inter state transport companies are not keying into it probably because the service stations are inadequate and sparsely distributed across the country making it not feasible to them when they require refilling midway through their trips. Other than trucking companies and personal car owners , the project isn't being embraced for several reasons as mentioned above including the cost of conversion. |
| Re: 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by olalekann: 11:18am On Apr 29, 2025 |
[quote author=SmartEnergyng post=135166502]A rising wave of concern is building around the Presidential Initiative on Compressed Natural Gas (PCNGI) as industry stakeholders and public accountability advocates begin to question the logic—and outcomes—of Nigeria’s most expensive clean energy reform effort to date. According to PI-CNG’s own data, over ₦49 billion has been spent distributing 40,000 CNG kits, with a stated objective of reducing transportation costs for the Nigerian people. Each kit, by the program’s own budget, costs roughly ₦1.2 million to deliver. But a simple question lingers: Has the cost of public transport changed by even a single kobo? If ₦49 billion cannot reduce the cost of commuting for Nigerians, then what is the economic—or moral—justification for the new push to distribute 70,000 more kits at a projected cost of ₦70 billion? This has sparked the launch of the #WhoIsWatchingPICNG campaign—a national call for transparency, impact measurement, and a halt to what many now view as a billion-naira black hole masked as reform. “We wonder,” says one campaign message, “who really benefits from this waste.” #who is watching PICNG |
| Re: 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by olalekann: 11:24am On Apr 29, 2025 |
This is astonishing |
| Re: 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by MstaPeterKings7: 2:39pm On Apr 29, 2025 |
₦49 billion spent, yet not a single kobo saved by the average commuter—this isn't reform, it's a facade. The PCNGI was sold to Nigerians as a cost-saving measure, but the numbers tell a different story: no transparency, no measurable impact, and no relief for the people. Before spending another ₦70 billion, there must be a full audit, public disclosure, and a genuine evaluation of who this initiative is really serving. Nigerians deserves better than another expensive promise with zero delivery. |
| Re: 49 Billion Gone — Not One Kobo Off Transport Costs: Another Subsidy Scam Unfolds by SmartEnergyng(op): 4:59am On Apr 30, 2025 |
DomPerignon:So the question to ask and answer is simple..... Why distribute another set of 70,000 kits if the distribution of 40,000 kits have not yielded any result. Why scale up wastage. What vested interest is being advanced. |
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