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    Home » Subsidy: Petroleum Marketers to Donate N10bn CNG-compliant Buses for Mass Transportation

    Subsidy: Petroleum Marketers to Donate N10bn CNG-compliant Buses for Mass Transportation

    Hints NewsBy Hints NewsJune 8, 2023No Comments2 Mins Read
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    Members of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Major Oil Marketers Association of Nigeria (MOMAN) have pledged to donate Compressed Natural Gas (CNG)-compliant buses estimated to cost N10 billion to boost Nigeria’s mass transportation network.

    The petroleum marketers have also expressed full support for the decision of the Bola Tinubu-led administration to sustain the removal of petrol subsidy since its inauguration on May 29.

    The Chairman of the DAPPMAN, Mrs. Winifred Akpani disclosed this Wednesday while speaking with journalists after she led a delegation of the body to the State House on a courtesy visit to Tinubu in Abuja.

    Akpani, who is also the Managing Director of Northwest Petroleum and Gas Company Limited, commended Tinubu for having the courage and boldness to remove subsidy, saying this was an opportunity they had waited for a long time

    She expressed optimism that soon Nigerians would see that the removal of subsidy on petrol was a good move by the president.

    Her words: “That is borne out of the fact that we have desired, we have prayed for this day to come and we’re happy that the day is finally here.

    “We did pledge that we are going to work at providing real mass transit buses that work. The ones that will work on the CNG and diesel interchangeably and hopefully we are going to start with about 50-100 and that is in a very short time.”

    Akpani added that the scheme would help provide employment to a lot of Nigerians because the buses would be locally produced.

    “These are locally produced vehicles so we are also providing jobs because we are using local assembly plants; we are not importing the buses and that is less pressure on our foreign exchange and more jobs for Nigerians,”


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