Nigeria's Government Secures $2.5bn for CNG and EV Infrastructure
The Federal Government has secured approximately $2.5 billion in private-sector commitments to develop Compressed Natural Gas (CNG) and electric vehicle (EV) infrastructure, as part of efforts to reduce transportation costs across Nigeria. Ismaeel Ahmed, Executive Chairman of the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (PICNG-EV), announced this during a discussion on Channels Television.
The initiative aims to provide sustainable alternatives to petrol and diesel, leveraging Nigeria's natural gas resources. The government has committed between N300 billion and N400 billion to support infrastructure, vehicle deployment, and subsidized conversion kits.
Since 2023, the number of operational CNG stations has increased from fewer than 10 to about 90, with an additional 170 in development. The government plans to establish hundreds more CNG stations, with Abuja currently having 26 and Kano having 10.
CNG-powered buses are expected to reduce transport fares by a minimum of 40%.
Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.
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