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President Bola Tinubu has given Nigerians the option to choose between purchasing fuel at N1,000 per litre or compressed natural gas (CNG) at N200 per meter. This was made known in a statement released by Bayo Onanuga, the Special Adviser on Strategy and Information, during a meeting with the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja on Tuesday, October 22, 2024. ...READ THE FULL STORY FROM SOURCE ...READ THE FULL STORY FROM SOURCE
Tinubu hinted that CNG costs less than Premium Motor Spirits, saving consumers from spending large sums. He applauded NIPCO’s efforts in the nation’s energy transition, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI).
“President 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.
He emphasised the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions for Nigerians.
The President 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.
CNG, being a cleaner and more affordable fuel, reduces the carbon footprint and saves consumers significant fuel costs.
Nigerian motorists can buy petrol at N1,000 per litre or the gas equivalent per Standard Cubic Meter at N200. We have also introduced incentives for commercial motorists to convert from petrol to gas, free of cost.” the statement in parts.
The statement indicated that President Tinubu’s administration is committed to providing a conducive environment for private sector investments and expanding Nigeria’s CNG infrastructure to enhance energy efficiency and economic growth. His remarks come in the wake of the economic challenges facing Nigerians.👉 For More READ FULL CONTENT FROM THE SOURCE ↔️
