A statement released by presidential media
aide, Bayo Onanuga, says the President said this when he spoke during a meeting
with the Nigerian Independent Petroleum Company (NIPCO) at the State House in
Abuja on Tuesday, October 22.
While commending NIPCO’s contributions to
the nation’s energy transition efforts, particularly its support for the
presidential compressed natural gas initiative (PCNGI), Tinubu said CNG saves
consumers significant costs.
“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,” Onanuga said.
“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 part reads.
Onanuga added that President Tinubu said
his administration remains committed to providing a conducive environment for
private sector investments and expanding Nigeria’s CNG infrastructure to
enhance energy efficiency and economic growth.
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