Tinubu meets NIPCO executives, commends investments in CNG sector
By Kunle Sanni
President Bola Tinubu thanked NIPCO for its investments in Nigeria’s Compressed Natural Gas (CNG) sector during a meeting with the company’s executives at the State House in Abuja.
The President commended NIPCO’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI).
During the meeting, President Tinubu acknowledged NIPCO’s role as a critical player in promoting the adoption of CNG as an alternative fuel. He noted that such investments align with his administration’s energy security and economic diversification strategy.
The President emphasized the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions for Nigerians.
The President praised NIPCO’s efforts in promoting and supporting the “Switch to CNG” campaign, which has boosted public awareness and provided affordable CNG conversion kits even before the official launch of the Presidential CNG Initiative. He highlighted the significance of this initiative in reducing the nation’s reliance on petrol and lowering fuel costs for consumers.
CNG, being a cleaner and more affordable fuel, reduces the carbon footprint and offers significant savings to consumers.
“Nigerian motorists can buy petrol at N1,000 per litre or the equivalent gas per Standard Cubic Meter at N200. We have also introduced incentives for commercial motorists to convert from petrol to gas at no cost,” President Tinubu said.
He 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 drive economic growth.
The President 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’s director, who led the delegation, thanked President Tinubu for his steadfast support of the CNG sector. He expressed NIPCO’s commitment to furthering its partnership with the government to ensure Nigeria’s energy transition stays on track. He assured the President that the company is 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 remains committed to long-term investments in the country.
