“But we can learn a bit from Egypt where its commercial vehicles, particularly taxis are powered by gas.
“These are the old Peugeot and Renault cars that are no longer in use in Nigeria and other parts of the world, but which have been converted to use gas and are still being used because they are well maintained. It is high time we learnt from this.
“If all our commercial vehicles run on gas, the large chunk of our demand for petrol and diesel will drop and we will save ourselves the humongous amount of money we spend on fuel subsidy. Two weeks ago, the Federal Executive Council considered N3tn as fuel subsidy.
“Let us for a moment imagine how much N3 trillion would do in providing the critical and essential needs for people from schools, to hospitals, to roads. It is huge and this is what we burn every year on subsidy.”
In the minister’s view, if the nation switches to gas-powered vehicles, its transportation costs will go down, and public transportation will benefit most.