President Bola Ahmed Tinubu has lauded NIPCO’s significant investments in Nigeria’s Compressed Natural Gas (CNG) sector.
During a meeting with the company’s executives on Tuesday at the State House in Abuja, the President acknowledged NIPCO’s role as a critical player in enhancing the adoption of CNG as an alternative fuel.
He noted that such investments align with his administration’s energy security and economic diversification strategy.
President Tinubu also commended NIPCO’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI).
In a statement signed by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, the Nigerian Leader emphasized the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions for Nigerians.
The President further lauded 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 this initiative in reducing the nation’s reliance on petrol and cutting down fuel costs for consumers.
President Tinubu added that the CNG, 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.
The President 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 also encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government’s broader goals in the energy sector.
Mr. Ramesh Kasangra, NIPCO director, who led the delegation, thanked President Tinubu for his steadfast support of the CNG sector.
He expressed NIPCO’s commitment to advancing the partnership with the government to ensure Nigeria’s energy transition remains on track.
He 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.
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