The Minister of Finance/ Coordinating Minister of the Economy, Wale Edun, has expressed optimism that the ultimate introduction of Compressed Natural Gas (CNG) powered buses in Nigeria will positively impact the transportation system in the country.
The Minister gave this assurance when he visited the JET Motor Company Assembly Plant in Lagos, where CNG buses are currently being assembled.
This was contained in a statement released on Saturday by the Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi.
The statement quoted Edun as saying that having witnessed the assembly process of these vehicles, the was confident that Nigerians will soon start enjoying the benefits of this initiative.
“I have come to see the CNG buses that Nigerians are asking about. I have seen them. I have tested them and driven them. I have seen them being assembled. The benefits will soon be available to Nigerians.
“Two critical aims will be achieved. Whereas it costs about N55,000 to fill a 15-20 seater bus with petrol, it will cost between N12-15,000 to fill a CNG bus of the same capacity. This is three times if not four times less. This is a huge savings that will help reduce transport costs and at the same time, help reduce inflation.”
Chairman and founder of JET, Chidi Ajaere, commended President Bola Tinubu for his initiative in promoting local production of CNG vehicles.
Established in 2018, JET Motor Company specialises in the production of Electric Vehicles vans, pickups, and CNG/Petrol designed to cater to Nigeria’s specific transportation requirements.
