News | Events | Digital PR | Advertising

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

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

Share
Share

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.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
FeaturesNews

Scientists Research Nigeria’s Okra, Maize, Four Other Crops During NASA’s Space Mission

International astronauts will research six indigenous Nigerian crops and seeds during the...

President Donald Trump
FeaturesNews

President Trump Orders Pharmaceutical Companies To Cut Drug Prices Within 60 Days

President Donald Trump on Thursday said he asked major pharmaceutical companies to...

FeaturesNews

Microsoft To Become The Next $4 Trillion Company

Microsoft (MSFT.O), opens new tab soared past $4 trillion in market valuation...

FeaturesNews

Importers Slash Petrol Prices Below Dangote Rates Amid Rising Market Competition

Competition has hit Nigeria’s petroleum sector as fuel importers slash petrol prices...