By : Adeosun Ewatomi
President Bola Tinubu announced that Nigerian motorists can now purchase a liter of petrol (Premium Motor Spirit) at 1,000 Naira per liter. He also stated that the equivalent amount of Compressed Natural Gas (CNG), which is a Standard Cubic Meter, can be purchased for 200 Naira.
Tinubu made these statements when meeting with the executives of the Nigerian Independent Petroleum Company (NIPCO), led by Director Mr. Ramesh Kasangra, at the State House in Abuja.
The president commended NIPCO's contributions to Nigeria's energy transition efforts, particularly their support for the Presidential Compressed Natural Gas Initiative (PCNGI). He 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.
Tinubu stressed the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions for Nigerians. He 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.
The president emphasized his administration's commitment to providing a conducive environment for private sector investments and expanding Nigeria's CNG infrastructure to enhance energy efficiency and economic growth. He encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government's broader goals in the energy sector.
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