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₦1,000/Litre Of Petrol : Tinubu Commends NIPCO For Making CNG Available To Nigerians At ₦200/KG
₦1,000/Litre Of Petrol : Tinubu commends NIPCO for making CNG available to Nigerians at ₦200 Per KG.
Lauds NIPCO’s efforts in promoting the “Switch to CNG” campaign, which has been instrumental in boosting public awareness.
Tinubu also highlighted the significance of this initiative in reducing the nation’s reliance on petrol.
President Bola Tinubu has commended the Nigerian Independent Petroleum Company (NIPCO) for reducing the nation’s reliance on petrol and making the Compressed Natural Gas (CNG) available to Nigerians at just N200 per Standard Cubic Meter.
The president made the commendation during a meeting with executives of the Nigerian Independent Petroleum Company (NIPCO), led Mr Ramesh Kasangra, at the State House in Abuja.
During a meeting, Tinubu commended NIPCO’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI).
Tinubu also acknowledged NIPCO’s role as a critical player in enhancing the adoption of CNG as an alternative fuel, noting that such investments align with his administration’s energy security and economic diversification strategy.
The President lauded NIPCO’s efforts in promoting the “Switch to CNG” campaign, which has been instrumental in boosting public awareness and providing affordable CNG conversion kits even before the official kickoff of the Presidential CNG Initiative.
Tinubu also highlighted the significance of this initiative in reducing the nation’s reliance on petrol and cutting down fuel costs for consumers.
“Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200. We have also introduced incentives for commercial motorists to convert from petrol to gas” free of cost,” President Tinubu said.
President Tinubu reaffirmed his administration’s commitment to providing a conducive environment for private sector investments and expanding Nigeria’s CNG infrastructure to enhance energy efficiency and economic growth.
He further encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government’s broader goals in the energy sector.
