In a bold move to revolutionize Nigeria’s energy landscape, President Bola Tinubu has announced that motorists can now choose between purchasing petrol at N1,000 per litre or compressed natural gas (CNG) at N200 per standard cubic meter. This significant development is expected to transform the country’s energy sector and provide relief to Nigerians struggling with high fuel costs.
Why CNG?
CNG is recognized as a cleaner, more cost-effective fuel option that reduces greenhouse gas emissions and offers significant savings for drivers. With this initiative, President Tinubu aims to diminish the country’s dependence on petrol while lowering fuel expenses for consumers.
Partnerships for Progress
President Tinubu praised the Nigerian Independent Petroleum Company (NIPCO) for its contributions to the nation’s energy transition, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI). NIPCO has been instrumental in promoting the “Switch to CNG” campaign, which has raised public awareness and made CNG conversion kits available at affordable prices.
Incentives for Commercial Vehicle Operators
To encourage a seamless transition, the government has rolled out incentives for commercial vehicle operators to convert from petrol to gas at no cost. This move is expected to drive energy efficiency and economic growth.
A New Era for Nigeria’s Energy Sector
President Tinubu’s administration is committed to creating a favorable investment environment for the private sector and expanding Nigeria’s CNG infrastructure. With NIPCO’s commitment to investing in the necessary infrastructure, Nigerians can look forward to a more sustainable and affordable energy future.
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