President Bola Tinubu has promised commercial vehicle owners free conversation of the Compressed Natural Gas (CNG) in their vehicles, being an alternative to fuel.
The President said that the free conversion of CNG is one of the incentives his government is working on, in addition to selling the new fuel alternative at just N200 per standard cubic meter.
The President, who received in audience today, October 22, the executives of NIPCO at the presidential villa, Abuja, said: “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 at free of cost.”
Tinubu insisted that CNG is a cleaner and more affordable fuel, and that can reduce the carbon footprint and save consumers significant fuel costs.
President Tinubu commended NIPCO’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI).
He acknowledged NIPCO’s role as a critical player in enhancing the adoption of CNG as an alternative fuel, saying that such investments align with his administration’s energy security and economic diversification strategy.
He 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 stressed the significance of this initiative in reducing the nation’s reliance on petrol and cutting down fuel costs for consumers.
The President emphasised the importance of public-private partnerships in driving the transition to cleaner energy, even as he reaffirmed commitment to providing a conducive environment for private sector investments and expanding Nigeria’s CNG infrastructure to enhance energy efficiency and economic growth.
President Tinubu encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government’s broader goals in the energy sector.
NIPCO director, who led the delegation, Mr. Ramesh Kasangra, thanked President Tinubu for his support of the CNG sector, and expressed the company’s commitment to furthering the partnership with the government to ensure Nigeria’s energy transition remains 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 will continue to believe in Nigeria for the long term.
