# 120,000 vehicles converted under Tinubu’s CNG initiative

> Minister Idris reports 120,000 vehicles converted under Tinubu’s CNG initiative with $2.5bn private investment.
- Title: 120,000 vehicles converted under Tinubu’s CNG initiative
- Summary: Minister Idris reports 120,000 vehicles converted under Tinubu’s CNG initiative with $2.5bn private investment. Nigeria’s CNG initiative has converted over…
- Keywords: nigeria, tinubu, cng, minister idris, 120000 vehicles, conversion centres, refuelling stations, economic investment, petrol subsidy, transportation costs, news, politics
- Source: Premium Times Nigeria — https://premiumtimesng.com/news/top-news/916550-120000-vehicles-converted-under-tinubus-cng-initiative-minister.html
- Author: Kabir Yusuf
- Published: 2026-10-12T20:34:03+00:00
- Read time: 2 min
- Topics: nigeria, tinubu, cng, minister idris, 120000 vehicles, conversion centres, refuelling stations, economic investment, petrol subsidy, transportation costs, news, politics
## CNG initiative progress
Minister of Information and National Orientation Mohammed Idris reported over 120,000 vehicles converted under the initiative.
## Infrastructure development
The initiative has established over 400 certified conversion centres and more than 90 refuelling stations nationwide.
## Investment figures
The programme attracted about $2.5 billion in private investment and approximately N250 billion in government funding.
## Economic indicators
Nigeria’s inflation rate fell from 27 per cent in January 2025 to 15 per cent, with external reserves exceeding $54 billion.
## Economic growth
The economy is projected to grow by more than 4 per cent in 2026, with current account surplus rising to $12 billion.
## Conversion challenges
Converting vehicles costs between N750,000 and N2.5 million, creating barriers for motorists despite economic benefits.
## Infrastructure projects
The government’s four Legacy Projects cover 3,000 kilometres across six geopolitical zones and include a N1.5 trillion highway project in Niger State.
## Agricultural support
The government is supporting mechanisation, irrigation, and agricultural financing to increase domestic production and reduce food costs.
## Healthcare expansion
Two additional cancer treatment centres have been commissioned, bringing the total to five nationwide.
## Education funding
The Nigerian Education Loan Fund supported over 1.6 million students with N192 billion in tuition fees and N180 billion in upkeep allowances.
## Technical talent program
The Three Million Technical Talent programme is expanding digital skills opportunities for young Nigerians.
## Economic reforms
The government attributes improved economic indicators to its reforms, creating conditions for sustained growth and stability.
## Cost of living concerns
The minister acknowledged households continue to face cost-of-living pressures despite economic improvements.
## Future goals
The government aims to consolidate economic gains and accelerate their impact across the country through continued reforms.
## Key takeaway

Nigeria’s CNG initiative has converted over 120,000 vehicles, attracted $2.5bn private investment, and created economic opportunities.