President Bola Ahmed Tinubu has rejected calls for the return of the petrol subsidy regime, stating that Nigeria must accelerate the development of cheaper energy alternatives, including compressed natural gas (CNG), to reduce transportation costs. Tinubu made this known on Saturday while giving an update on the National Affordable CNG Transit Programme. He noted that the current global energy crisis is putting pressure on petrol and diesel prices and increasing transportation costs worldwide. He emphasized that Nigeria can reduce its exposure to global energy market shocks by utilizing its abundant gas resources.
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