President Bola Tinubu Hosts NIPCO Executives, Commends Investment in Nigeria’s CNG Sector

President Bola Tinubu met with NIPCO executives at Aso Rock, praising their significant investments in Nigeria’s Compressed Natural Gas (CNG) sector. The meeting highlighted the importance of public-private partnerships in driving Nigeria’s energy transition.

President Tinubu thanked NIPCO for their contributions to Nigeria’s energy security and sustainable development. He commended NIPCO’s support for the Presidential Compressed Natural Gas Initiative (PCNGI).

The President emphasized the benefits of CNG, including reduced carbon footprint and significant fuel cost savings. “Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200,” he said, introducing incentives for commercial motorists to convert from petrol to gas free of cost.

NIPCO Director Ramesh Kasangra reaffirmed the company’s commitment to partnering with the government to expand Nigeria’s CNG infrastructure.

The meeting demonstrated the government’s commitment to creating a conducive environment for private sector investments in Nigeria’s energy sector. NIPCO’s investments in CNG will enhance energy efficiency, promote sustainable development, and support Nigeria’s economic growth.

The partnership between the government and NIPCO is poised to drive Nigeria’s energy transition and foster economic prosperity.