President Tinubu Advocates For Alternative Fuel Options: Petrol At N1,000 Or CNG At N200
In a significant push towards energy diversification, President Bola Tinubu has urged Nigerian motorists to opt for two fuel choices: petrol priced at N1,000 per litre or Compressed Natural Gas (CNG) available at N200.
This announcement came during a meeting with executives from NIPCO at the State House in Abuja on Tuesday. The President commended NIPCO’s pivotal contributions to Nigeria’s energy transition and its support for the Presidential Compressed Natural Gas Initiative (PCNGI).
President Tinubu recognized NIPCO as a key player in promoting CNG as a viable alternative fuel, underscoring how investments in this area align with his administration’s strategy for energy security and economic diversification.
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“The importance of public-private partnerships cannot be overstated in our transition to cleaner and more affordable energy solutions for Nigerian citizens,” he said. He specifically pointed out the benefits of the CNG initiative, stating that it would reduce the country’s dependence on petrol and help lower fuel costs for motorists.
“Choosing CNG, which is both cleaner and more affordable, will not only lessen our carbon footprint but also provide substantial savings on fuel expenses for consumers,” Tinubu emphasized.
He further elaborated on the government’s incentives for commercial drivers to convert from petrol to gas at no cost, reinforcing his administration’s commitment to creating an enabling environment for private sector investments and expanding Nigeria’s CNG infrastructure.
Encouraging ongoing efforts in CNG expansion, Tinubu requested NIPCO to continue its innovative strategies in the sector, contributing to broader government objectives within the energy landscape.
In response, Mr. Ramesh Kasangra, NIPCO’s director, expressed gratitude for Tinubu’s unwavering support for the CNG sector. He assured the President of the company’s dedication to enhancing infrastructure for greater CNG accessibility across Nigeria, emphasizing NIPCO’s long-standing commitment to the nation’s energy future over its four-decade tenure in various sectors.