President Bola Ahmed Tinubu announced that Nigerian motorists can now choose between purchasing Premium Motor Spirit (PMS), commonly known as petrol, at N1,000 per litre, or opting for Compressed Natural Gas (CNG) at N200 per Standard Cubic Meter.
The president made this announcement during a meeting with executives from the Nigerian Independent Petroleum Company (NIPCO), led by Director Ramesh Kasangra, at the State House in Abuja.
In a statement from the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu emphasized his administration’s commitment to providing cleaner and more affordable fuel options for Nigerians. “Nigerian motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200,” he stated. “We have also introduced incentives for commercial motorists to convert from petrol to gas at no cost.”
This initiative is part of the Presidential Compressed Natural Gas Initiative (PCNGI), aimed at reducing the country’s dependence on petrol while promoting CNG as an alternative fuel source. Tinubu commended NIPCO for its support in this initiative, noting that the company’s investments align with the government’s energy diversification strategy.
“NIPCO’s efforts in promoting the ‘Switch to CNG’ campaign have significantly increased public awareness and provided affordable CNG conversion kits,” the president remarked. “This partnership not only helps reduce fuel costs for consumers but also minimizes our carbon footprint.”
The president highlighted the critical role of public-private partnerships in Nigeria’s energy transition and reaffirmed the government’s commitment to fostering a supportive environment for private-sector investments. “Our administration is focused on expanding Nigeria’s CNG infrastructure to enhance energy efficiency and stimulate economic growth,” he added, emphasizing the long-term advantages of adopting cleaner and more affordable energy solutions.
Tinubu urged NIPCO to continue its innovative approach to expanding CNG access while supporting the government’s broader energy sector goals.
In response, Mr. Ramesh Kasangra expressed appreciation for the government’s unwavering support of the CNG sector and reaffirmed NIPCO’s dedication to collaborating with the government to enhance the CNG infrastructure. “We believe in Nigeria’s long-term potential,” Kasangra stated, revealing that NIPCO has invested over N100 billion in developing pipelines and CNG stations throughout the country, ensuring that CNG becomes a viable and accessible alternative for Nigerians nationwide.
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