BREAKING: FG Commissions 5.2mmscfd CNG Plant in Lagos

BREAKING: FG Commissions 5.2mmscfd CNG Plant in Lagos | Daily Report Nigeria

The Federal Government has taken steps to mitigate the effects of the fuel subsidy removal by commissioning a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant in Lagos on May 30, 2024.

The plant, which is part of the government’s efforts to provide alternative sources of fuel, was commissioned by the Minister of State for Petroleum Resources (Gas), Rt Hon Ekperikpe Ekpo, at the Isolo Industrial Area, Ilasamaja in Lagos.

It is aimed at reducing the impact of the subsidy removal on petrol prices and promoting the use of cleaner and more sustainable energy sources.

Furthermore, the government plans to launch CNG-powered mass transit buses and tricycles and has offered a 35,000 naira ($45) a month pay increase for six months for federal employees, a temporary suspension of VAT on diesel, and social security cash transfers to the poorest Nigerians, all effective June 1, 2024.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!


Leave a Reply

Your email address will not be published. Required fields are marked *

Renowned SAN Calls for Change of Nigeria's Name, Flag to Complete 'Rebranding | Daily Report Nigeria

Renowned SAN Calls for Change of Nigeria’s Name, Flag to Complete ‘Rebranding

NLC, TUC Gives Govs Ultimatum on N35k Minimum Wage

Organised Labour May Commence Nationwide Strike Over New Minimum Wage