The federal government today, September 2nd, handed over 20 Compressed Natural Gas (CNG) buses to the Oyo state government.
The initiative, according to President Bola Ahmed Tinubu, was to cushion the effect of fuel subsidy removal and promote a safer, cleaner, and more reliable nation.
Speaking at the event held at Pacesetter Transport Services (PTS) office in Ibadan, the president, who was represented by the Chief Executive Officer (CEO) and the Programme Director of Presidential Compressed Natural Gas Initiative (P-CNGi), Michael Oluwagbemi, said the initiative was one of the testimonies to Tinubu’s Renewed Hope Agenda.
According to him, President Tinubu is concerned about making life easy for Nigerians, having discovered the importance of transportation towards the development of the nation’s economy.
He noted that the deployment of CNG buses in the country was to address issues affecting Nigerians particularly on petrol importation, among others.
According to him, the deployment of the buses was to end the era of enriching the rich alone, whom he described as cabitocrat for the benefit of everyone and stressed that the compressed natural gas was a source of fuel that is abundant in Nigeria to ameliorate hardship.
“We are here to present 20 buses as a sustainable partnership with Pacesetter Transport Service (PTS) to generate income because they are assets. We can effectively ensure that the future of the Oyo State is brighter as well as Nigeria.”
In his remark, the Chairman and Sole Administrator of PTS, Hon. Ibrahim Salami said the CNG buses are the best approach by the federal government to solve the hardship experienced by Nigerians as a result of the removal of fuel subsidy.
He, however, described bringing the buses to the state as remarkable which according to him will help to ease the burden of people in the state.
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