The Minister of Information and National Orientation, Mohammed Idris, revealed that the Presidential initiative deploying Compressed Natural Gas (CNG) mass transit buses is expected to cut transport costs by over 50%. Idris urged Nigerians to see this as a relief introduced by Tinubu’s administration to alleviate economic difficulties post-subsidy removal. He emphasized the government’s efforts to address inflation, stabilize foreign exchange rates, and create a supportive climate for business and investment, including a student loan scheme and low-interest loan schemes for businesses.

He said,  

“Impactful interventions are being rolled out, including a students’ loan scheme, a presidential initiative to deploy lower-cost cng mass transit buses to provide alternatives to petrol and diesel, and various low-interest loan schemes for businesses. the CNG interventions will bring down the cost of transportation by more than 50%.”