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Price Hike: No Subsidy On CNG, Says FG - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Price Hike: No Subsidy On CNG, Says FG (11413 Views)

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Re: Price Hike: No Subsidy On CNG, Says FG by DrAda(f): 2:16pm On Sep 03, 2025
This is just disheartening. All these changes and yet salaries have remained the same.
Re: Price Hike: No Subsidy On CNG, Says FG by themanderon: 2:21pm On Sep 03, 2025
Ojuyobo has played them again. We warned them but they never listened now this.
Re: Price Hike: No Subsidy On CNG, Says FG by ZombieDredd: 2:26pm On Sep 03, 2025
PlasmaTV:
🤣🤣🤣

When your government was propagating CNG as the cure to Nigeria's problems and their ineptitude, APC foot soldiers were hailing them.

Now, CNG, apart from it being unsustainable, is going to be very expensive.

We've always said it - you can't out-propaganda a failing economy.
LOL

them never even grind the beans, moimoi don dey smell grin grin grin
Re: Price Hike: No Subsidy On CNG, Says FG by Chegesnd: 2:38pm On Sep 03, 2025
I know it will happen!
All they were doing first was to drive it into the market, then begin exploitation.
Very soon una go hear big big grammar concerning CNG.
Grammer like -
EQUALIZATION
DIFFERENTIAL
MID-STREAM/DOWN STREAM DICHOTOMY
PARTIAL DEREGULATION

But again, who owns the franchise on CNG importation?
Why can't the Fed. Govt. subsidize the commodity since it's pioneering the initiative?
Are there a few people being enriched through the initiative?
Re: Price Hike: No Subsidy On CNG, Says FG by COMPAQ(m): 2:49pm On Sep 03, 2025
Racoon:
To think that the FG and their zombies over hyped this CNG as a worthwhile policy but flatly refused to subsidized same speaks a lot about the treachery, backstabbing and wickedness of a government.

Meanwhile, Tinubu's Cadillac car is yet to be CNG compliant. Let hear what APC supporters have to say again.
Did they advertise it to you as subsidized? Did they say the price would be fixed? There is no treachery here abeg.

It was advertised as a cheaper alternative. And Even at the current price, it is likely to still be cheaper than petrol.

And if not, people are free to switch back to petrol at no additional cost since any converted vehicel can use both CNG and petrol.
Re: Price Hike: No Subsidy On CNG, Says FG by Elusive001: 2:52pm On Sep 03, 2025
Racoon:
To think that the FG and their zombies over hyped this CNG as a worthwhile policy but flatly refused to subsidized same speaks a lot about the treachery, backstabbing and wickedness of a government.

Meanwhile, Tinubu's Cadillac car is yet to be CNG compliant. Let hear what APC supporters have to say again.
We warned Nigerians that the government will go for anything that gives the masses any form of respite or relief from the suffering they, government, created.
Re: Price Hike: No Subsidy On CNG, Says FG by bobbiiee: 3:01pm On Sep 03, 2025
I would have converted my vehicle if I hadn't felt it was unreasonable to spend over ₦1 million to convert my V6. Thankfully, I never went through with it. Many people were skeptical that once CNG (compressed natural gas) becomes widely adopted, the prices would rise. It seems unreasonable to expect fairness from our leaders.
Re: Price Hike: No Subsidy On CNG, Says FG by maasoap(m): 3:30pm On Sep 03, 2025
Racoon:
To think that the FG and their zombies over hyped this CNG as a worthwhile policy but flatly refused to subsidized same speaks a lot about the treachery, backstabbing and wickedness of a government.

Meanwhile, Tinubu's Cadillac car is yet to be CNG compliant. Let hear what APC supporters have to say again.
Names calling is unnecessary and needless.
Not everyone who supports Tinubu or APC supported the hype behind CNG initiative or hyped it. And there are many people who do not support Tinubu or APC who welcomed the CNG initiative.
Re: Price Hike: No Subsidy On CNG, Says FG by maasoap(m):
Pascal9:
Don't subsidies it. I repeat please Fg don't ever subsidise it , if you can't afford to fuel your vehicle, sell it and invest in business and create jobs, when you have the capacity to fuel your car then buy. We can't keep creating problems we can't manage
Subsidising products and services for the populace, masses especially and especially when it is something we have in abundance is not a crime. However, instead of facing our problems and tackling corruption that's affecting our way of life in every aspect, we tend to take the easiest ways out which is basically avoiding responsibilities all together. And unfortunately, some citizens like you have been conditioned to see and accept it as the best solution
Re: Price Hike: No Subsidy On CNG, Says FG by frog12: 3:44pm On Sep 03, 2025
who you be ? shocked shocked shocked shocked

Pascal9:
Don't subsidies it. I repeat please Fg don't ever subsidise it , if you can't afford to fuel your vehicle, sell it and invest in business and create jobs, when you have the capacity to fuel your car then buy. We can't keep creating problems we can't manage
Re: Price Hike: No Subsidy On CNG, Says FG by frog12: 3:47pm On Sep 03, 2025
they don't have to subsidise it. they also don't have to promote it shocked shocked
Re: Price Hike: No Subsidy On CNG, Says FG by Guestmale: 3:48pm On Sep 03, 2025
If government subsidies CNG we are latter going to found ourselves in the same pms subsidy shit we're trying to wriggle out from.
Re: Price Hike: No Subsidy On CNG, Says FG by 3kay945(m): 4:32pm On Sep 03, 2025
SlavaUkraini:
The time is coming when even the CNG price will be almost the same as PMS
grin
I won't be shocked then.
Re: Price Hike: No Subsidy On CNG, Says FG by chidiokay: 5:01pm On Sep 03, 2025
Image123:
E be like say na another film season we wan start for CNG. Nigerians and oversmart mentality.
CNG is cheaper than petrol, just as Bus to a place is usually cheaper than taxis or Uber. It's commonsense, nothing to blame government about as it's plain truth all over the world. They are both products of fossil fuel. But Nigerian businessman go usually inflate things and government takes all the blame. Even the people government gave CNG buses and conversion, dem chop clean mouth. Nigerians are naturally wicked and religious set of people.
walahi you guyz are just shamelezz cheesy,, that was how Minister of power overturned blame on Nigerians .... they are wasteful they on Fridge and bulb down 🤣

After investing one million on CNG installation I should return to fuel .... is that supposed to be a relief

they dont just know when to shurt Up
Re: Price Hike: No Subsidy On CNG, Says FG by Inspirer1: 5:09pm On Sep 03, 2025
Racoon:
Terrible set of humanity. Cant wrap my head that I share nationality with these kind of human beings.
That's the height of selfishness and wickedness from them. How can one deliberately be preaching and hyping what you know you don't use, won't use and can,t use to your fellow Nigerians,,,, God go judge all of them.
Re: Price Hike: No Subsidy On CNG, Says FG by Tayorshd87(m): 6:51pm On Sep 03, 2025
Image123:
E be like say na another film season we wan start for CNG. Nigerians and oversmart mentality.
CNG is cheaper than petrol, just as Bus to a place is usually cheaper than taxis or Uber. It's commonsense, nothing to blame government about as it's plain truth all over the world. They are both products of fossil fuel. But Nigerian businessman go usually inflate things and government takes all the blame. Even the people government gave CNG buses and conversion, dem chop clean mouth. Nigerians are naturally wicked and religious set of people.
Even with people that knew the truth will never say this ....

The citizens sometimes are more wicked than d government themselves
Re: Price Hike: No Subsidy On CNG, Says FG by Pascal9: 7:09pm On Sep 03, 2025
maasoap:
Subsidising products and services for the populace, masses especially and especially when it is something we have in abundance is not a crime. However, instead of facing our problems and tackling corruption that's affecting our way of life in every aspect, we tend to take the easiest ways out which avoiding responsibilities all together. And unfortunately, some citizens like you have been conditioned to see and accept it as the best solution
Successful societies are not built with subsidy, a man that trained his children on freebies will always have dependent children that can't earn for themselves, I'm not against it on necessities like public transport and agriculture, but it always breed corruption. Even God makes sure we earn what we want.
Re: Price Hike: No Subsidy On CNG, Says FG by Kukutente23: 9:22pm On Sep 03, 2025
Image123:
E be like say na another film season we wan start for CNG. Nigerians and oversmart mentality.
CNG is cheaper than petrol, just as Bus to a place is usually cheaper than taxis or Uber. It's commonsense, nothing to blame government about as it's plain truth all over the world. They are both products of fossil fuel. But Nigerian businessman go usually inflate things and government takes all the blame. Even the people government gave CNG buses and conversion, dem chop clean mouth. Nigerians are naturally wicked and religious set of people.
Yeah
Those in govt are saints especially the APC govt
Re: Price Hike: No Subsidy On CNG, Says FG by bigiyaro(m): 9:43pm On Sep 03, 2025
CNG that is even a waste product, it should be dirt cheap, but this is Nigeria.
Re: Price Hike: No Subsidy On CNG, Says FG by ufotunang: 12:22am On Sep 04, 2025
Tinubu to tax Nigerians 5% on fuel.. and has also increase CNG price.. nawaaooo....see the type of government you are supporting
Re: Price Hike: No Subsidy On CNG, Says FG by Konquest: 11:53am On Sep 04, 2025
ogododo:
The Presidential Compressed Natural Gas Initiative (PCNGI) has clarified that the Federal Government does not subsidize Compressed Natural Gas (CNG), following recent pump price increases by some operators.

In a statement on Wednesday, PCNGI explained that pricing decisions are determined by private sector players, while assuring that government agencies will continue to protect consumers against exploitation.

“The recent adjustment in CNG pump price was carried out by NIPCO Gas, a private sector operator in the Auto-CNG market. NIPCO is one of several investors in the sector and, like other operators, retains the discretion to set prices in line with its business and commercial realities,” the statement said.

The Initiative stressed that it neither sets nor regulates CNG prices, noting that such responsibility lies with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).


It pointed out that since April 2024, the NMDPRA has maintained an incentive-based pricing framework for Auto-CNG that ensures it is always priced lower than petrol and diesel, while empowering the regulator to act against price gouging.

PCNGI added that since the launch of the domestic gas market in June 2025, it has worked with the Gas Aggregation Company of Nigeria (GACN) and NMDPRA to guarantee steady supply and long-term price stability.

“The era of opaque subsidies that crippled the PMS/AGO sector will not be replicated in the CNG market. Instead, the CNG sector is being developed as a transparent, investment-driven market where healthy competition will drive costs down over time,” it stated.

The Initiative disclosed that over $1 billion has been attracted into the CNG sector in the last 18 months under the administration of President Bola Ahmed Tinubu.

It acknowledged temporary supply challenges but described them as normal in emerging markets, emphasizing that price adjustments by operators are permissible as long as they remain within regulatory limits.

PCNGI reaffirmed its commitment to working with industry players to expand supply, encourage adoption, and safeguard investor confidence in Nigeria’s CNG sector.
https://www.vanguardngr.com/2025/09/price-hike-no-subsidy-on-cng-says-fg/
Re: Price Hike: No Subsidy On CNG, Says FG by maasoap(m): 3:41pm On Sep 04, 2025
Pascal9:
Successful societies are not built with subsidy, a man that trained his children on freebies will always have dependent children that can't earn for themselves, I'm not against it on necessities like public transport and agriculture, but it always breed corruption. Even God makes sure we earn what we want.
You see, this is exactly what I was talking in my first post that you and some others have been conditioned.
Your leaders are not looting in millions of naira anymore but in billions, the amount of money that would easily provide "freebies" for you, me, our children and those citizens out there looking for jobs but couldn't find one. And here you are, repeating what your selfish leaders are telling you.
Freebies: when you look at countries such as Saudi Arabia, Canada, UK, USA and the likes and examine how they are supporting their citizens/residents, you will understand that what you are calling freebies is actually your own resources in care of your selected representatives
Re: Price Hike: No Subsidy On CNG, Says FG by Konquest: 10:17am On Sep 05, 2025
COMPAQ:
Did they advertise it to you as subsidized? Did they say the price would be fixed? There is no treachery here abeg.

It was advertised as a cheaper alternative. And Even at the current price, it is likely to still be cheaper than petrol.

And if not, people are free to switch back to petrol at no additional cost since any converted vehicel can use both CNG and petrol.
You're the ONLY one on this thread who made REAL sense here. The rest sounded totally off. The quality of contributions on this thread and other NL threads shows that a lot of posters here do NOT have the power of discernment and have BELOW average intelligence!

The CNG conversation kit is dual so you can use both fuels and CNG at the increased cost is still cheaper than gasoline. Period.
1 2 Reply

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