In a determined effort to offer Nigerians an effective option to petrol, the federal government will focus on developing Compressed Natural Gas otherwise known as auto-gas, which is priced significantly lower than PMS.

Vice President Yemi Osinbajo stated this during a virtual interactive session hosted by the Africa Report magazine on Thursday.

Answering a participant’s questions regarding the removal of petrol subsidy, the vice president said “we have experienced a severe downturn in our finances over the years, so at 60 percent less revenue, we are in a position where sustaining fuel subsidies is practically impossible simply because we do not have the resources.