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President Bola Tinubu has ordered the rollout of an additional 500 compressed natural gas refuelling stations nationwide, bringing the planned total under the Presidential CNG Initiative to 1,000. The move followed discussions with state governors, who agreed to work with the Federal Government to reduce transportation costs by expanding the use of CNG and electric vehicles.
Tinubu said more than 120,000 vehicles have already been converted to CNG, while over 100,000 additional conversion kits are being prepared. He added that the government is financing more than 100 gas infrastructure projects, including CNG mother and daughter stations, to expand access to cheaper fuel. According to the President, CNG-powered vehicles can spend 60 to 80 per cent less on fuel than petrol-powered vehicles.
The President said the Federal and state governments would establish a joint committee to implement measures aimed at reducing transport costs, particularly for intra-state travel. He stated that the government’s goal is for Nigerians to begin benefiting from lower transport fares from October 1, stressing that savings from cheaper fuel should be reflected in what commuters pay.
