Minister of Information and National Orientation, Mohammed Idris has said the Federal Government is planing towards reducing the cost of transportation by over 50 per cent due to the removal of fuel subsidy.
He disclosed this during a visit of the National Executive Committee of the Independent Petroleum Marketers Association of Nigeria, IPMAN, to his office on Thursday.
According to Idris, the Federal Government aims to bring down the cost of transportation by over 50 per cent through the CNG Initiative.
He said, “In the wake of the removal of fuel subsidy, of course, it was expected that the price of PMS would go up. This will in turn affect the transportation costs for Nigerians going to and fro their various places of work.
“The Federal Government immediately thought it wise, in addition to other measures, to introduce the CNG. The CNG is expected to bring down the cost of transportation by more than 50 per cent and I am happy that IPMAN is in the forefront in this vanguard of achieving the CNG Initiative,” he said.
