• NIPCO hails FG’s auto-gas initiative

Nigeria have been urged to take advantage of the cost and environmental benefits of Compressed Natural Gas (CNG), as it is four times cheaper than petrol, the Senior Executive of NIPCO Plc, Ramesh Kansagra, has said.

Kansagra, who disclosed this during his company’s visit to President Tinubu at Aso Villa, Abuja, said NIPCO is in full support of the petroleum industry’s reforms, pledging support for the downstream gas expansion.
He said the company recognises the potential of CNG 15 years ago when NIPCO sought government’s approval to establish the gas infrastructure that allowed motorists to switch to gas.

Noting that the vision aligns perfectly with Tinubu’s goal of promoting gas as a transition fuel, he said the administration’s reforms would unlock numerous benefits for Nigeria’s economy.
He pledged that NIPCO will continue to invest in gas infrastructure to ensure more motorists and industries benefit from gas-powered solutions.

“Motorists now have a choice to either buy petrol at N1,000 per liter or buy equivalent CNG at N230.00 per SCM,” he said.

Kansagra noted that CNG is four times cheaper than petrol and gas is produced in Nigeria whereas 50 per cent of petrol is currently acquired through importation.

Affirming the renewed momentum in the gas sector, which he noted has opened a new vista for motorists to adopt Compressed Natural Gas (Auto CNG) as a cleaner alternative to conventional fossil fuels, he lauded Tinubu’s proactive policies, such as the Presidential Compressed Natural Gas Initiative (PCNGi), which has made significant strides in expanding access to auto CNG for transportation.