Pi-CNG Backs Tinubu, Governors’ Push to Cut Transport Fares with CNG

Nigeria’s push to make CNG translate into cheaper transport has gained support from the Presidential Initiative on Compressed Natural Gas and Electric Vehicles, after President Bola Tinubu said state governors had agreed to take action on fares.

Tinubu said the federal government had already invested heavily in the transition. More than 120,000 vehicles have been converted to CNG nationwide, while another 100,000 conversion kits are in the pipeline. Conversion centres and refuelling infrastructure are also expanding.

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I am particularly pleased with the position taken by the Nigeria Governors’ Forum on the proposed CNG transit programme. We have spent the last few years building the ecosystem, expanding conversions, infrastructure and private sector participation.

The infrastructure programme includes more than 100 gas projects financed through the Midstream and Downstream Gas Infrastructure Fund. They include 15 CNG mother stations and 86 daughter stations. Tinubu has also directed the rollout of 500 additional refuelling stations, taking the planned nationwide total to 1,000.

Ismaeel Ahmed, executive chairman and chief executive of Pi-CNG and EV, described the governors’ position as an important move toward ensuring that investment in the CNG ecosystem benefits citizens directly. “What we need to move the impact further is deeper collaboration among the federal government, states, the private sector, transport unions and operators, financial institutions, development partners and other critical stakeholders to take the benefits directly to the people.”

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What we need to move the impact further is deeper collaboration among the federal government, states, the private sector, transport unions and operators, financial institutions, development partners and other critical stakeholders to take the benefits directly to the people.