President Bola Ahmed Tinubu and members of the Nigeria Governors’ Forum have agreed to implement immediate measures to reduce transportation costs nationwide, with a target for Nigerians to begin seeing lower fares from October 1, 2026.

The agreement was reached during a meeting between the President and Governors on Thursday, August 27, 2026, focusing on leveraging the cost benefits of Compressed Natural Gas, CNG, and electric vehicles.

“Cheaper fuel should result in cheaper fares!” the President said, noting that a vehicle running on CNG spends 60 to 80 per cent less on fuel than one running on petrol.

President Tinubu said the Governors, on their own initiative, resolved to take immediate steps to bring down the cost of transportation in their states, where citizens feel fuel costs most directly.

“I am encouraged that our Governors are moving to bring these benefits closer to the people they serve,” he stated.

To drive the process, both tiers of government agreed to set up a joint Federal and State committee to begin implementation immediately.

The President outlined ongoing Federal Government investments in the energy transition through the Presidential CNG Initiative.

According to him, over 120,000 vehicles have been converted nationwide, with more than 100,000 additional conversion kits in the works. Conversion centres and refuelling infrastructure are also being expanded.

Through the Midstream and Downstream Gas Infrastructure Fund, the FG is currently financing more than 100 gas projects, including 15 CNG mother stations and 86 daughter stations.

In May, four of these projects were commissioned in Lagos, Abuja and Owerri, including a 15-station refuelling network in Lagos and an Abuja facility that can serve 1,000 cars and tricycles and 50 trucks and buses daily.

President Tinubu also directed the rollout of an additional 500 CNG refuelling stations nationwide. This is in addition to the 500 stations earlier ordered by the Fund, bringing the total programme to 1,000 stations across the country.

“Each tier of government must keep doing its part and work together for the benefit of every Nigerian,” the President added.