Tinubu applauds strategic CNG investments, driving Nigeria’s energy transition

President Bola Tinubu has commended NIPCO Plc for its significant investments in Nigeria’s Compressed Natural Gas (CNG) sector, recognizing the company’s pivotal role in advancing the country’s energy transition efforts.

During a meeting with NIPCO executives at the State House in Abuja, the president praised the company’s support for the Presidential Compressed Natural Gas Initiative (PCNGI).

President Tinubu highlighted NIPCO’s contributions to promoting CNG as a viable alternative fuel, aligning with his administration’s strategy to enhance energy security and diversify the economy. He noted that investments in CNG infrastructure are essential to achieving cleaner, more affordable energy solutions for Nigerians, emphasizing the critical role of public-private partnerships in driving this transition.

In particular, Tinubu applauded NIPCO’s efforts in advancing the “Switch to CNG” campaign, which has played a key role in increasing public awareness and offering affordable CNG conversion kits. The initiative, he said, will help reduce the nation’s dependence on petrol and lower fuel costs for consumers.

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“The choice is clear—motorists can purchase petrol at N1,000 per litre or equivalent gas at just N200 per Standard Cubic Meter,” Tinubu remarked. He added that the government has introduced incentives for commercial motorists to convert from petrol to gas at no cost, as part of the broader push toward cleaner energy.

The president reaffirmed his administration’s commitment to fostering a business-friendly environment that supports private sector investment in CNG infrastructure. He urged NIPCO to continue its innovative expansion in the CNG sector while contributing to the government’s wider energy objectives.

In response, NIPCO Director Mr. Ramesh Kasangra expressed gratitude for the president’s unwavering support of the CNG sector. He reaffirmed NIPCO’s commitment to partnering with the government in ensuring that Nigeria’s energy transition remains on track. Kasangra also assured Tinubu that the company would continue to invest in infrastructure to make CNG more accessible across the country.

With over four decades of experience in Nigeria’s energy sector, NIPCO remains a long-term partner in the nation’s economic development, Kasangra added.