Buy petrol at N1k per litre or CNG at N200 per meter, Tinubu tells Nigerians
"We have also introduced incentives for commercial motorists to convert from petrol to gas” free of cost."
President Bola Tinubu says Nigerians should either buy petrol at N1,000 per litre or gas equivalent at N200 per standard cubic meter.
Tinubu spoke in Abuja on Tuesday during a meeting with executives of the Nigerian Independent Petroleum Company (NIPCO).
“Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per standard cubic Meter at N200,” Bayo Onanuga, special adviser to the president on information and strategy, quoted Tinubu as saying.
“We have also introduced incentives for commercial motorists to convert from petrol to gas” free of cost.”
The president lauded the company’s contributions to the nation’s energy transition efforts, particularly its support for the presidential compressed natural gas initiative (PCNGI).
He also 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.
He emphasised the importance of public-private partnerships in driving the transition to cleaner
and more affordable energy solutions for Nigerians.
Tinubu further praised 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.
He highlighted the significance of this initiative in reducing the nation’s reliance on petrol and cutting down fuel costs for consumers.
Tinubu reaffirmed 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 further encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government’s broader goals in the energy sector.
Speaking during the meeting, Ramesh Kasangra, the NIPCO director, who led the delegation, thanked President Tinubu for his steadfast support of the CNG sector.
He expressed NIPCO’s commitment to furthering the partnership with the government to ensure Nigeria’s energy transition remains on track.
He assured the president that the company was ready to invest in infrastructure to make CNG more accessible nationwide.
