The Federal Government and state governors have announced plans to reduce the cost of transportation in their respective states by leveraging the cost benefits of Compressed Natural Gas (CNG) and electric vehicles.
President Bola Tinubu made the disclosure following a meeting with governors elected on the platform of the All Progressives Congress (APC) in Abuja on Thursday, August 27, 2026.
“The Governors have, on their own initiative, resolved to take immediate measures to bring down the cost of transportation in their states, with a strong focus on leveraging the cost benefits of CNG and electric vehicles,” President Tinubu said.
He stated that the Federal Government is already investing significantly in the energy transition, disclosing that through the Presidential CNG Initiative, over 120,000 vehicles have been converted nationwide, with more than 100,000 additional conversion kits in the works.
The President also noted that the Federal Government has continued to expand conversion centres and refuelling infrastructure nationwide.
He further announced that the Federal Government, through the Midstream and Downstream Gas Infrastructure Fund, is currently financing more than 100 gas projects across the country, including 15 CNG mother stations and 86 daughter stations.
Tinubu recalled that in May, he commissioned four of the projects in Lagos, Abuja, and Owerri, including a 15-station refuelling network in Lagos and an Abuja facility that can serve 1,000 cars and tricycles and 50 trucks and buses a day.
The President also affirmed that he had directed the rollout of an additional 500 CNG refuelling stations nationwide, in addition to the 500 stations ordered earlier in the year by the Fund, bringing the programme to 1,000 stations across the country.
He emphasised that intra-state transport is where Nigerians feel the cost most directly and where the states hold the levers.
Tinubu expressed delight that the governors are moving to bring these benefits closer to the people they serve.
“We have agreed to set up a joint Federal and State committee to begin implementing these measures immediately,” he affirmed. “A vehicle running on CNG spends 60 to 80 per cent less on fuel than one running on petrol.”
The President disclosed that from October 1, his goal is for Nigerians to begin benefitting from those savings through lower transport fares.
“We have agreed that cheaper fuel should result in cheaper fares,” he stressed, adding that each tier of government must keep doing its part and work together for the benefit of every Nigerian.
