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CNG fare cuts remain uneven as NNPC receivables hit N11.2tn

Transport fares remain largely unchanged across several states despite the Federal Government’s CNG initiative, as NNPC’s 2025 accounts show N11.2 trillion in receivables from the Federation.

By OYEBODE OLUWAFEMI EMMANUEL

1 min read 2 views Updated Oct 7, 2026
Transport fares remained largely unchanged across several states as the Federal Government began monitoring implementation of its National Affordable CNG Transit Programme from October 1. President Bola Tinubu had urged states to ensure cheaper CNG and electric transport translated into measurable fare reductions, although programme chairman Ismaeel Ahmed clarified that October 1 was the start of monitoring rather than a deadline for every state to cut fares simultaneously.
Meanwhile, NNPC Limited’s 2025 audited accounts showed N11.2 trillion in receivables from the Federation for advances and costs incurred on its behalf, including energy-security obligations. The figure should not be interpreted as N11.2 trillion in fresh security spending during 2025; NNPC separately reported a N7.2 trillion profit after tax and average crude oil and condensate production of 1.77 million barrels per day.
Other major developments include a three-day warning strike by public service workers over economic conditions, former Vice-President Atiku Abubakar’s criticism of Tinubu’s Independence Day economic claims, and the Akwa Ibom police directive rescheduling political rallies planned for October 1 over security concerns. 

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Summary

Transport fares remain largely unchanged across several states despite the Federal Government’s CNG initiative, as NNPC’s 2025 accounts show N11.2 trillion in receivables from the Federation. Transport fares remained largely unchanged across several states as the Federal Government began monitoring implementation of its National Affordable CNG Transit Programme from October 1. President Bola Tinubu had urged states to...

Key takeaways
  • Transport fares remain largely unchanged across several states despite the Federal Government’s CNG initiative, as NNPC’s 2025 accounts show N11.2 trillion in receivables from the Federation.
  • Transport fares remained largely unchanged across several states as the Federal Government began monitoring implementation of its National Affordable CNG Transit Programme from October 1.
  • President Bola Tinubu had urged states to ensure cheaper CNG and electric transport translated into measurable fare reductions, although programme chairman Ismaeel Ahmed clarified that October 1 was the start of monitoring rather than a deadline for every state to cut fares simultaneously.Meanwhile, NNPC Limited’s 2025 audited accounts showed N11.2 trillion in receivables from the Federation for advances and costs incurred on its behalf, including energy-security obligations.
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Transport fares remain largely unchanged across several states despite the Federal Government’s CNG initiative, as NNPC’s 2025 accounts show N11.2 trillion in receivables from the Federation. Transport fares remained largely unchanged across several states as the Federal Government began monitoring implementation of its National Affordable CNG Transit Programme from October 1. President Bola Tinubu had urged states to...

Who published this story?

Glow 99.1 FM published this story with OYEBODE OLUWAFEMI EMMANUEL listed as author.

When was it published?

October 2, 2026

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