Tinubu announces plans to reduce transport fares nationwide from October 1
President Bola Tinubu has announced that state governors have resolved to leverage compressed natural gas (CNG) and electric vehicles (EVs) to lower transportation costs from October 1, 2026. The post Tinubu announces plans to reduce transport fares nationwide from October 1 appeared first on Nairametrics .
President Bola Tinubu has announced plans to reduce transportation costs nationwide from October 1, 2026, by leveraging compressed natural gas (CNG) and electric vehicles (EVs). This decision was made by state governors under the Nigeria Governors’ Forum (NGF), who aim to utilize the lower operating costs of CNG and EVs to bring down transportation expenses.
The Federal Government is investing in the energy transition, converting over 120,000 vehicles to CNG and planning more than 100,000 additional conversions. The government is also expanding CNG conversion centers and refueling infrastructure. A joint committee will be established to implement these measures immediately. The Federal Government has introduced the CNG initiative since 2023 to provide a cheaper and cleaner fuel alternative, aiming to reduce transportation costs and support local vehicle manufacturing.
The plan relies on the availability of CNG and EV vehicles, conversion facilities, refueling stations, and adequate gas supply across the states.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
