News
Fed Govt: $175m investment in CNG to end reliance on petrol
The Federal Government is looking forward to a huge reduction in reliance on petrol with about $175 million worth of investments in Compressed Natural Gas (CNG) vehicles.
At least 700 CNG-powered buses are expected.
Thousands of conversion kits and centres are underway.
Yesterday, the first batch of 64 buses were given to Labour centres, students and the Federal Capital Territory (FCT).
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who inaugurated the vehicles at Aso Villa yesterday, described them as a major step in curbing inflation, now on a downward trend.
Project Director of the Presidential Initiative on CNG, Mr. Michael Oluwagbemi, said: “Since our founding exactly one year ago when Mr. President announced the Presidential CNG initiative, we’ve been able to move the nation forward.
“Nigeria had seven conversion centres this time last year. Today, we can boast of over 125.
“We’ve tracked over $175 million investments in the sector coming into mother stations. An additional 12 mother stations have been commissioned between last year and today.
“We’ve seen additional refuelling stations being invested in; about 75 of them are currently under construction, and the commissioning of about 12 already this year. We expect another 25 before the end of the year.
“Jobs are being created. Just last year, we could boast of just less than 100 conversion technicians in Nigeria.
“I visited a workshop in Lokogoma where the gentleman spoke about training about 40 new technicians every week. NITT, NADDC, and all of these institutions are training technicians every day.
“Beyond this, over 34,000 conversion kits have already been ordered, and we have more than half of that in our hands and are already being distributed. Conversion is taking place across Nigeria.
“Yesterday (Saturday), 53 conversion centres in eight states were launched; we hope by next week, an additional two states will join the train, and slowly but surely, all 36 states of Nigeria and the FCT will have conversion centres.”
Information and National Orientation Minister Mohammed Idris, in a breakdown of how the 64 buses were shared, said: “Forty of these buses are going to the labour unions; 20 of the buses are going to the student unions, and four will now be here in the Federal Capital Territory.
“This is not all. Over 700 of these buses have already been ordered. These are the first sets we are giving out to symbolise the official commencement of this initiative of Mr. President.
“So, don’t say that you only have 64 buses to cater to the whole of this country. It’s a necessary first step by government.”
Idris argued that since CNG costs far less than petrol, Nigerians should expect to save 60 per cent on transportation costs when the initiative goes fully operational.
He explained: “You will spend far less to fuel it. Filling the two tanks you have seen here will cost you about N15,000, as against N72,000 for petrol. It’s a drastic reduction. The private sector is already contributing.
“This is beginning from those who need it the most; the working class will get this. But beyond that, everybody will feel the impact.
“It’s a promise that Mr president has kept to Nigerians, and we know that very soon, more of these buses will ply all the roads of this country.”
Asked about the possible hazard of having the gas cylinders positioned in the vehicle, Idris said: “Yes, we considered this. There is no risk of explosion. The cylinders themselves are bulletproof. There are no joints, meaning they are not welded at any joint or parts.
“So, they are intact. They are safe, and you would not expect to see any explosion happening. The safety of Nigerians and the buses were considered in the design and supply of these cylinders”.
Edun, who led the government delegation that included Idris, the Minister of Budget and Economic Planning Abubakar Bagudu, and the Minister of State for Youth Development Ayodele Olawande, stated that inflation has peaked and is now declining, thanks to the President’s determination to keep it under control.
“This significant event is a major step in the fight against inflation. We’ve had an initial spike in inflation. Now, it has peaked, and it is coming down.
“Mr President and the whole team are determined to ensure we keep inflation coming down. This is one of the major ways CNG-fueled transportation will reduce costs.
“CNG-fueled vehicles cost one-third of the petrol-fueled vehicle. So, instead of paying N50,000 to fill a tank, you’ll be paying N15,000. That’s a huge contribution towards fighting inflation and giving us lower costs.
“This also marks another important element of the President’s policies. It is transitioning to cleaner fuel, but most importantly, cheaper fuel for Nigerians.
“The emphasis is on mass transit, to intervene on the side of workers so that they have cheaper transport that helps them cope with the increased price level generally, which was an inevitable fallout of improving the economy,” said Edun.
Secretary-General of the Trade Union Congress, Mr. Nuhu Toro, expressed gratitude for the CNG buses but noted that the number provided is inadequate.
Toro said: “This step forward brings us closer to a future where workers and the planet benefit from such forward-thinking policies, which is commendable.
“However, while we deeply appreciate this donation, we must acknowledge a concern: the number of buses provided is not fully proportional to the needs of the workforce. Though appreciated, they are not enough to address the logistical challenges we face.
“With 36 states across the federation and a large population of workers under the TUC and the NLC, we urge the government to do more…expand this initiative, providing additional resources to ensure that every worker can benefit from this programme.”
The Head of International Relations of the Nigeria Labour Congress, Mr. Uchenna Ekwe, echoed a similar concern.
Ekwe said: “If we get more busses, the effect will translate immediately, and once it translates, you will know. If people start entering these buses and feeling the impact, they will shout about it in their neighbourhoods.”
National Association of the Nigerian Students (NANs) President Lucky Emonefe, expressed gratitude for the CNG busses and the student loan initiative, saying it highlighted the President’s commitment to the welfare of Nigerian students.
Experts say CNG-fueled vehicles offer a huge cost savings advantage, consuming only one-third of the fuel of petrol-powered vehicles.
This translates to significant savings for commuters, with fuel costs reduced by up to 66 per cent.
The initiative is part of the President’s policy to transition to cleaner, cheaper fuel for Nigerians, focusing on mass transit to support workers and help them cope with increased price levels.
The likelihood of former President Goodluck Ebele Jonathan entering the presidential race in 2027 is becoming increasingly apparent, particularly given the recent developments surrounding his potential candidacy.
Reports suggest that Jonathan is discreetly meeting with key political figures across the country, which adds to the anticipation surrounding his possible return to politics. Click link to continue reading.
News
2025: Nigeria Missed Out As Ghana Other Meet Top 10 African Countries With Stable Power Supply Emerge
More questions have been raised over the incompetence of the power sector in the country as Nigeria as many African countries making significant strides in enhancing their power supply stability by investing in modern electricity transmission networks, advanced grid infrastructures, renewable energy sources, and natural gas.
Their diversification prevents disruption in their electricity distribution. Foreign collaboration and smart technology are also some of the positive factors that support these countries’ power sector. …click link for full list here
The Dollar to Naira exchange rate in the black market continues to highlight Nigeria’s forex supply challenges, with many individuals and businesses relying on the parallel market for transactions.
CBN maintains tighter controls and a lower rate at official windows, limited access and allocation restrictions force most importers, businesses, and students abroad to turn to the parallel market, where prices reflect actual demand and supply pressures. Click link to continue reading.
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 10th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1545 yesterday 10th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1525
Selling Rate N1535
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate N1510
Lowest Rate N1506
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Isaac Fayose, younger brother of former Ekiti State Governor Ayo Fayose, has sparked nationwide controversy after declaring that Nigeria belongs only to the Hausa and Yoruba ethnic groups.
In a viral video making the rounds on social media, Fayose dismissed the long-standing belief that Nigeria’s unity rests on a tripod of Hausa, Igbo, and Yoruba.
He claimed that the Igbos have been marginalized and not counted among the country’s dominant groups.
He stated: “They said Nigeria belongs to Hausa, Igbo, and Yoruba, but that’s a lie… take out that Igbo, stop including them because it’s a lie.”
The remarks have triggered widespread backlash, with many Nigerians accusing him of promoting ethnic hatred and fueling disunity.
Others, however, agreed with his statement, describing it as “an honest truth” about Nigeria’s politics.
Netizens Reactions…
@olaoluwasunnyman reacted: “Honest truth.”
@chefnoka said: “History will never forget you, brother. I’m not Igbo, but I love the way you speak and stand for the truth. We need it to move this nation forward.”
@newbilliy commented: “I’m Yoruba but an Igbo President will make Nigeria great. I love Igbo people and their business mindset.”
@beautyjunctiongh wrote: “God bless you, my brother, for saying the truth.”
@benedictoguama asked: “Where is Jonathan from?”
@daveiyke_donnegro stated: “@isaacfayoseoriginal_ God bless you Sir for speaking the truth. I wish other Nigerians can shun tribalism and unite for the progress of Nigeria. Tribalism us a tool against Nigerians and the unity of Nigeria. Politicians have weaponized tribalism which enables them thrive in continued political and socioeconomic incompetence.”
@realtundr4 added: “I agree with what you said, sir, but look at it, does igbo really have d right candidate? Obi is just chameleon to me he’s not real, neither do they have the leadership experience as our current president @officialasiwajubat, the one and only politician that have ever created more millionaires and successful individual in the whole nation. Make we leave hatred, JAGABAN na baba.”
@wellingtonisgreat commented: “@wellingtonisgreat said: “Nigeria belongs to everybody not hausa, yoruba, igbo, Benin have not been president before let us go? You dey talk anyhow.”
@richeart4u said: “Those that have been president, were they given free or charge? Was there a law that stopped Igbo man from being a president? How do people become a president? Or do you mean Igbo have never been allowed to contest for presidency? Same things goes to women too, why are women not hugely represented in all positions even presidency? No one is stopping anyone from becoming anything, you just have to change your strategy and alignment. You can’t be doing same thing over the years and not get the desired result and still want to stick to that failed pattern to achieve a new result. Igbo people and their candidate must be encompassing. Hausa has been aligning more to Igbo people to get whatever position they wanted and why are they not returning the favour hugely? Align to anyone that can boost your change of winning and be well accommodating and understanding the power of choices and politicking. I might be wrong 0000. Na ma small knowledge I take respond oooo.”
Health challenges affect everyone, regardless of their social status or position in society.
These issues can arise unexpectedly and often catch individuals off guard, emphasizing the importance of proactive health measures and proper care.
This reality serves as a crucial lesson for political stakeholders and those in public office.
Elisabet Lann, the new swedish health minister, made a dramatic debut as she collapsed on her first day on the job during a press conference.
As reported by The Straits Times, Lann had joined Prime Minister Ulf Kristersson and other political colleagues at the media briefing on Tuesday, September 9, the same day she was appointed to the role following the sudden resignation of her predecessor.
CNN also noted the scary moment.
Videos, which have gone viral on social media, show Lann swaying while officials are taking questions from reporters.
Following the collapse, Ebba Busch, the deputy prime minister of Sweden, was seen assisting Lann, who was later able to stand and address the media.
Lann told reporters, according to Swedish daily Aftonbladet.
“This wasn’t really a normal Tuesday, and this is what can happen when you have low blood sugar.”
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