Mkpoikana Udoma
Port Harcourt — President Bola Tinubu says Nigerians have the option to buy Premium Motor Spirits, PMS, more popularly known as petrol, at N1,000 per litre or Compressed Natural Gas, CNG, at N200 per standard cubic metres.
President Tinubu, speaking during a meeting with NIPCO executives, affirmed 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.
The president lauded NIPCO for their contributions to the nation’s energy transition efforts by investing in Nigeria’s CNG sector, emphasizing the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions for Nigerians.
Tinubu 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 hailed NIPCO’s efforts in promoting and supporting 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.
He highlighted the significance of the initiative in reducing the nation’s reliance on petrol and cutting down fuel costs for consumers.
“CNG, being a cleaner and more affordable fuel, reduces the carbon footprint and saves consumers significant fuel costs.
“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.
He further encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government’s broader goals in the energy sector.
Earlier, Mr Ramesh Kasangra, NIPCO Director, who led the delegation, expressed NIPCO’s commitment to furthering the partnership with the government to ensure Nigeria’s energy transition remains on track.
Kasangra assured the president that the company was ready to invest in infrastructure to make CNG more accessible nationwide.
According to him, NIPCO has been a key player in various sectors of Nigeria for over four decades and will continue to believe in Nigeria for the long term.
