The Minister of Information and National Orientation, Alhaji Mohammed Idris, has announced that the administration of President Bola Tinubu has attracted over $450 million into Nigeria’s Compressed Natural Gas (CNG) value chain.
Idris made this known during his remarks at the Nigeria Public Relations Week (NPRW 2025), held on Tuesday in Uyo, Akwa Ibom. Themed “Harnessing Public Relations for Nigeria’s Economic Renaissance,” the event was organised by the Nigerian Institute of Public Relations (NIPR), with support from various stakeholders.
According to Idris, the investment was secured through the Presidential CNG Initiative and is part of a broader economic transformation agenda under Tinubu’s leadership.
“Pragmatic look at the Tinubu administration’s performance suggests a definite road to Nigeria’s economic renaissance, largely based on fiscal, macroeconomic, and legislative reforms.
“To accelerate Nigeria’s capacity for development across all six regions of the country, the Tinubu administration created the Ministry of Regional Development and consequently regional development commissions.
“As the nation moves towards green energy in transportation and machinery, the Tinubu administration has directly invested and attracted over $450 million into the development of Nigeria’s CNG value chain.
“This has helped unlock additional private sector financing, and the results are emerging speedily: from seven CNG conversion centers in Nigeria in 2023, we now have over 150 across the country and counting,” Idris said.
Highlighting other key initiatives, the minister referenced the establishment of the Ministry of Livestock Development, which he said is designed to tap into a multi-billion-dollar agricultural opportunity capable of transforming rural communities and empowering millions of Nigerians, including women and youth.
He also spoke on the reformation of the Bank of Agriculture and the launch of the National Students' Loan Fund.
“Again, I make bold to say that Nigeria’s contemporary history will record the advent of the National Students Loan Fund. This is a major milestone, which so far has benefitted more than 300,000 Nigerian youths in tuition and upkeep fees.
“Indeed, through this, a major stumbling block to tertiary education enrollment and completion has been removed by President Tinubu,” he said.
Idris further stated that Nigerians now have access to credit facilities for car acquisition, healthcare, housing, and more, through the government-established CreditCorp.
According to him, the administration has also earmarked about N200 billion in economic assistance for nano businesses, SMEs, and large-scale manufacturers.
On infrastructure, particularly road development, Idris pointed to significant investment and project execution under the Tinubu administration.
“Today, Nigeria is a vast construction site, with over N2.5 trillion worth of road infrastructure projects approved this year alone, the highest ever in Nigeria’s history.
“The government is linking cities through signature projects such as the Lagos-Calabar and Badagry to Sokoto Super Highways, and in all parts of the country.
“More so, there are several other projects ongoing works as we speak; from the Port Harcourt and Warri Refineries that have come back to life, to the approval of N80 billion for the reconstruction of the failed Alau Dam in Borno. There is also the progress on the construction of the Kano-Kaduna Standard Gauge Railway Line,” Idris said.
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