BusinessDay
Nigeria's leading finance and market intelligence news report.

Egypt shows how Nigeria can ease fuel subsidy pressures with CNG

Nigeria has lessons to learn from Egypt’s bold energy sector policy reforms that have first phased out fuel subsidies and now converting formerly petrol- and diesel-powered vehicles to use compressed natural gas (CNG). Egypt’s spending on fuel subsidies dropped by about 69 percent year on year to 7.25 billion Egyptian pounds ($451 million) in July-September…



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