Nigeria, Oct. 13 -- Nigeria's Presidential Compressed Natural Gas (CNG) and Electric Vehicle Initiative has attracted about $2.5 billion in private investment, alongside approximately N250 billion in government funding and commitments, the Minister of Information and National Orientation, Mohammed Idris, has said.

Mr Idris said more than 120,000 vehicles had been converted under the initiative, with over 400 certified conversion centres and more than 90 refuelling stations established nationwide. Another 180 refuelling stations are in development, he said.

He said the initiative was creating jobs and business opportunities in host communities as the federal government pursues efforts to reduce transportation costs and diversify the econ...