$2 Billion and Counting: FG Doubles Down on CNG Push to Cut Transport Costs

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The Federal Government has restated its commitment to reducing transportation costs for Nigerians by deepening adoption of Compressed Natural Gas as a cheaper, cleaner alternative to conventional fuels, with Minister of State for Petroleum Resources Gas, Ekperikpe Ekpo, disclosing that more than two billion dollars in private investment has been secured since the CNG Initiative launched in 2023.

Ekpo said over 120,000 vehicles have been converted through more than 400 conversion centres nationwide, while over 90 CNG refuelling stations are now operational, with 7,700 technicians trained and over 10,000 jobs created under the programme.

He said commuters, transporters and fleet operators are already recording significant savings on fuel costs, commending President Bola Ahmed Tinubu’s directive for the establishment of 500 additional CNG refuelling stations, which will expand the national network to 1,000 stations.

Ekpo urged more state governments to key into the programme, saying wider CNG adoption would further ease transportation costs and reduce the financial burden on ordinary Nigerians.

By Asiwaju Adekunle Saheed

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