The Manufacturers Association of Nigeria (MAN) has called on the government to accelerate the Presidential Compressed Natural Gas (CNG) Initiative by heavily subsidising the conversion of commercial and industrial transport fleets. The association said that Logistics accounts for a massive chunk of consumer goods inflation and that shifting from Petrol and Diesel to abundant, locally sourced CNG is the ultimate inflation-buster. “We should not expand trade deficits through petroleum imports; w...

In a strategic move to reduce fuel costs and provide Nigerians with an affordable alternative to petrol and diesel, President Bola Tinubu has enabled Compressed Natural Gas (CNG) to be available for vehicles at N230 per litre. This initiative provides a cheaper and cleaner alternative to petrol, which currently sells for over N900 per litre, reflecting the President’s commitment to lowering the cost of living and alleviating the pressures from petrol subsidy removal. The Presidential Compresse...