The choice of Nigeria’s president, Bola Ahmed Tinubu, to take away petrol subsidies following his election final 12 months resulted in a surge in transportation prices, triggering the nation’s worst cost-of-living disaster in a number of many years. In response, the federal government launched a compressed pure gasoline (CNG) initiative to make the most of the nation’s huge gasoline reserves, which it promised would scale back transport bills by nearly 50%. The initiative, supposed to transform 1 million automobiles over the subsequent three years, has obtained an funding of at the very least $200 million. Nevertheless, it faces quite a few obstacles, together with gradual implementation, restricted infrastructure, and public skepticism. For instance, CNG conversion and filling stations are solely accessible in 13 of 36 states, highlighting the dearth of infrastructure. Resulting from these challenges, the initiative has solely transformed 100,000 automobiles up to now. Whereas the federal government continues to tout CNG’s advantages, it acknowledges the challenges, stating that it’s working in direction of addressing them.
SOURCE: AP NEWS