Abuja, Nigeria — President Bola Tinubu has expressed his appreciation to NIPCO Plc for its important investments in Nigeria’s Compressed Pure Gasoline, CNG sector, applauding the corporate’s dedication to the nation’s vitality transition efforts. The President made these remarks throughout a gathering with NIPCO executives on the State Home in Abuja.
President Tinubu recommended NIPCO for its contributions to the Presidential Compressed Pure Gasoline Initiative (PCNGI), which goals to advertise CNG in its place gasoline supply and scale back the nation’s dependence on petrol. He acknowledged NIPCO’s position as a key participant in Nigeria’s vitality transition, noting that such investments align together with his administration’s deal with vitality safety, financial diversification, and a cleaner, extra inexpensive vitality future for Nigerians.
“Public-private partnerships like this are important for attaining our targets,” Tinubu acknowledged. “With the ‘Swap to CNG’ marketing campaign, NIPCO has been instrumental in elevating public consciousness and offering inexpensive CNG conversion kits even earlier than the Presidential CNG Initiative’s official launch.”
The President emphasised the significance of the CNG initiative, highlighting that CNG presents a cheap and environmentally pleasant gasoline different. He famous that Nigeria’s motorists face the choice of shopping for petrol at N1,000 per litre or switching to CNG at N200 per Normal Cubic Metre. As a further incentive, the federal government is providing free conversion kits to business drivers trying to transition from petrol to gasoline.
“NIPCO’s investments are serving to us transfer in the direction of a extra sustainable and inexpensive vitality future,” President Tinubu mentioned, reaffirming his administration’s dedication to making a conducive atmosphere for personal sector investments. He inspired NIPCO to proceed its modern strategy, contributing to the enlargement of Nigeria’s CNG infrastructure and supporting broader targets throughout the vitality sector.
Ramesh Kasangra, NIPCO’s director, led the corporate’s delegation on the assembly and expressed gratitude to President Tinubu for his unwavering assist of the CNG sector. Kasangra assured the President of NIPCO’s dedication to supporting Nigeria’s vitality transition and revealed that the corporate is able to make investments additional in infrastructure to make CNG extra accessible throughout the nation.
“NIPCO has been dedicated to Nigeria’s progress throughout numerous sectors for over 4 a long time, and we’re right here for the long run,” Kasangra mentioned.
The assembly underscored the very important position of personal sector collaboration in attaining Nigeria’s vitality transition targets, with each events committing to sustained efforts in making cleaner vitality options extensively accessible and inexpensive.
