Tinubu orders 500 more CNG stations, targets cheaper transport fares

President Tinubu has ordered the rollout of 500 additional compressed natural gas (CNG) refuelling stations nationwide. This brings the planned total to 1,000 stations under the Presidential CNG Initiative. According to Punch, the goal is to significantly reduce transport fares for Nigerians.

The initiative aims to leverage the cost benefits of CNG and electric vehicles. The Federal Government is already investing in energy transition, with over 120,000 vehicles converted nationwide. More than 100,000 additional conversion kits are in the works, and efforts are ongoing to expand conversion centres and refuelling infrastructure nationwide.

The Federal Government is financing over 100 gas projects across the country, including 15 CNG mother stations, through the Midstream and Downstream Gas Infrastructure Fund. The governors have also resolved to take measures to bring down the cost of transportation in their states, with a focus on CNG and electric vehicles, as per Punch Nigeria.

Brief written by urgent.news from Punch Nigeria, Punch — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.