The Federal Government’s Compressed Natural Gas–Electric Vehicle (CNG–EV) Initiative has attracted investments exceeding $2 billion, with projections to reach $5 billion by 2027.

According to officials of the programme, the increasing investor confidence reflects Nigeria’s growing shift toward cleaner, more affordable, and sustainable transportation. The initiative aims to expand CNG and electric vehicle infrastructure nationwide, boost local manufacturing, and create jobs across the automotive and energy value chains.

The government says the ongoing reforms will position Nigeria as a leading player in Africa’s green mobility transition by 2027.