Tinubu, Governors Move to Cut Transport Fares Nationwide From October 1

President Bola Ahmed Tinubu has announced plans by the Federal Government and state governors to reduce transportation fares nationwide, with effect from October 1, 2026.

Tinubu disclosed this on Thursday following discussions with the Nigeria Governors’ Forum, saying the governors had agreed to take immediate measures to bring down the cost of intra-state transportation by leveraging cheaper fuel alternatives, particularly Compressed Natural Gas (CNG) and electric vehicles.

According to the President, the initiative is aimed at ensuring that Nigerians directly benefit from the savings arising from the country’s ongoing transition to alternative energy sources.

“I have been pleased with my discussion with the Governors’ Forum this afternoon. 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.

He said the Federal Government was already investing heavily in the energy transition through the Presidential CNG Initiative, under which more than 120,000 vehicles had been converted nationwide.

Tinubu added that over 100,000 additional conversion kits were in the works, while conversion centres and CNG refuelling infrastructure were being expanded across the country.

The President also disclosed that the Federal Government, through the Midstream and Downstream Gas Infrastructure Fund, was financing more than 100 gas projects nationwide, comprising 15 CNG mother stations and 86 daughter stations.

He noted that four of the projects were commissioned in May in Lagos, Abuja and Owerri, including a 15-station refuelling network in Lagos and an Abuja facility capable of serving 1,000 cars and tricycles as well as 50 trucks and buses daily.

Tinubu further revealed that he had directed the rollout of an additional 500 CNG refuelling stations nationwide, on top of the 500 stations earlier ordered by the Fund.

This, he said, would bring the total number of planned CNG refuelling stations under the programme to 1,000 across the country.

The President stressed that intra-state transportation was the area where Nigerians felt the impact of high transport costs most directly, adding that state governments had a critical role to play in bringing the benefits of cheaper energy to citizens.

He said a joint Federal and State committee would be established to immediately commence implementation of the measures.

According to Tinubu, vehicles powered by CNG can spend between 60 and 80 per cent less on fuel compared with petrol-powered vehicles.

“From October 1, our goal is that Nigerians begin to partake in those savings through lower transport fares.

“We have agreed that cheaper fuel should result in cheaper fares!” the President said.

Tinubu urged all tiers of government to continue working together to ensure that Nigerians benefit from the ongoing energy transition.

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