NEC Moves To Cut Transport Fares Through CNG, Electric Vehicles

The National Economic Council (NEC) has resolved to establish a joint financing framework between the Federal and State Governments to accelerate the deployment of Compressed Natural Gas (CNG) and electric vehicles nationwide, as part of efforts to reduce transportation costs for Nigerians.
The Council also directed relevant authorities to engage transport unions and operators to ensure that savings from the adoption of CNG and electric vehicles are passed on to commuters through lower fares.
The resolutions were reached on Thursday during the 161st meeting of NEC, chaired virtually by Vice President Kashim Shettima.
According to a statement issued by Stanley Nkwocha, Senior Special...