The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, has visited the JET Motor Company Assembly Plant in Lagos, where Compressed Natural Gas, CNG, buses are being assembled under the Presidential CNG Initiative.
While disclosing this in a statement, Temitope Ajayi, the
Senior Special Assistant on Media and Publicity to President Bola Tinubu, said
JET, which is located in Lagos, is one of the four assembly plants picked by
the PCNGi to assemble semi-knocked-down components of climate-friendly CNG and
electric buses and tricycles, which will soon be rolled out to cut down
transportation costs.
According to him, JET also has the capacity to convert
petrol buses to CNG.
After going round the JET plant on Friday, Edun said he was
satisfied with the progress of work at the assembly.
He said though the PCNGi had taken time to be actualised,
the benefits would soon be available to Nigerians.
“I have come to see the CNG buses that Nigerians are asking
about. I have seen them. I have tested them and driven them. I have seen them
being assembled. The benefits will soon be available to Nigerians,” Edun said.
The Minister said the PCNGi is about mass transit that is
affordable.
“Two critical aims will be achieved. Whereas it costs about
N55,000 to fill a 15-20 seater bus with petrol, it will cost between N12,000
and N15,000 to fill a CNG bus of the same capacity. This is three times if not
four times less. This is a huge saving that will help reduce transport costs
and at the same time, help reduce inflation,” he said.
Edun lauded JET’s employment of local talents in the
assembly of the vehicles.
Advertise on NigerianEye.com to reach thousands of our daily users
Remove this man as minister, he does not understand a thing. He is still aback in 1999 perhaps. He has no analytical skills of what the economy is all about.
ReplyDelete