The Minister of Information and National Orientation, Mohammed Idris, has announced that the Presidential Initiative to deploy Compressed Natural Gas (CNG) mass transit buses is anticipated to lead to a reduction of over 50% in transport costs.
Idris, in a statement to the press on Sunday, urged Nigerians to see the initiative as a relief introduced by Tinubu’s administration to alleviate the economic challenges stemming from subsidy removal.
He also noted that there is a concerted effort among the relevant Ministries and Agencies of the Federal Government to tackle inflation, stabilize foreign exchange rates, and establish a genuinely supportive climate for business and investment.
He said,
Reacting to the controversies around the relocation of some selected departments of the Central Bank of Nigeria (CBN) as well as the cooperate headquarters of Federal Airports Authority of Nigeria (FAAN), the minister advised that citizens should see the move as a pragmatic way to promote efficiency in these departments, not a political move to marginalize any section of the country.
