By JKNewsMedia
LoOWER FUEL costs will be expected to translate into cheaper transport fares from October 1, 2026, after state governors agreed to adopt Compressed Natural Gas and electric vehicles to reduce commuting costs nationwide.
JKNewsMedia.com reports that President Bola Tinubu announced the plan on Thursday following a meeting with the Governors’ Forum, saying the governors had resolved to take immediate measures to reduce transportation costs in their states.
“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,” Tinubu said.
The President said the Federal Government was investing significantly in the energy transition through the Presidential CNG Initiative, with more than 120,000 vehicles converted nationwide and over 100,000 additional conversion kits in the works.
He also 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.
Tinubu further directed the rollout of 500 additional CNG refuelling stations nationwide, on top of 500 stations ordered earlier this year, bringing the planned total to 1,000 stations across the country.
“Intra-state transport is where Nigerians feel the cost most directly, and it is where the states hold the levers. I am encouraged that our Governors are moving to bring these benefits closer to the people they serve,” he said.
JKNewsMedia.com also reports that the President said the Federal Government and states had agreed to establish a joint committee to begin implementing the measures immediately.
“A vehicle running on CNG spends 60 to 80 per cent less on fuel than one running on petrol,” Tinubu said.
He said the objective from October 1 was for Nigerians to begin benefiting from the savings through lower transport fares.
“We have agreed that cheaper fuel should result in cheaper fares! Each tier of government must keep doing its part and work together for the benefit of every Nigerian,” he said.
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