- Tinubu Approves 500 New CNG Stations Across Nigeria
- 1,000 CNG Stations to Be Rolled Out Across Nigeria
- Sets October 1 Target for Lower Transport Fares
President Bola Tinubu has ordered the rollout of 500 additional Compressed Natural Gas (CNG) refuelling stations across Nigeria as part of efforts to reduce transportation costs.
Eko Hot Blog reports that the latest directive brings the number of CNG refuelling stations planned under the Presidential CNG Initiative to 1,000.
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Tinubu announced the development on Thursday after meeting with the Governors’ Forum, saying state governments had also agreed to take immediate steps to reduce transportation costs in their respective states.
According to the President, the governors are looking to take advantage of the lower running costs of CNG and electric vehicles to ease the financial pressure on commuters.
He said the Federal Government was already investing heavily in the country’s energy transition, with more than 120,000 vehicles converted to CNG nationwide and over 100,000 additional conversion kits currently being processed.
The government is also expanding conversion centres and refuelling facilities to make CNG more accessible to motorists.
Tinubu said the Midstream and Downstream Gas Infrastructure Fund was financing more than 100 gas projects across the country, including 15 CNG mother stations and 86 daughter stations.
He added that 4 projects were commissioned in May across Lagos, Abuja and Owerri. These included a 15 station CNG refuelling network in Lagos and an Abuja facility capable of serving up to 1,000 cars and tricycles as well as 50 trucks and buses daily.
“I have also directed the additional rollout of another 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,” Tinubu said.
The President said expanding the CNG network was particularly important for intra state transportation, where rising fuel costs have a direct impact on commuters.
Tinubu said the Federal and state governments had agreed to establish a joint committee to begin implementing measures aimed at reducing transport fares.
He explained that vehicles powered by CNG could spend significantly less on fuel compared with petrol powered vehicles.
“A vehicle running on CNG spends 60 to 80 per cent less on fuel than one running on petrol,” he said.
Tinubu said the government’s target was for Nigerians to begin benefiting from the savings through lower transport fares from October 1.
“From October 1, our goal is that Nigerians begin to partake in those savings through lower transport fares. We have agreed that cheaper fuel should result in cheaper fares,” he said.
The President urged all levels of government to work together to ensure that the benefits of the energy transition translate into real relief for Nigerians.
“Each tier of government must keep doing its part and work together for the benefit of every Nigerian,” he added.
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