President Bola Tinubu on Tuesday, October 22, said Nigerians can buy fuel at N1,000 per litre or compressed natural gas (CNG) at N200 per standard cubic meter (SCM)......Read The Full Article>>.....Read The Full Article>>
Legit reports that President Tinubu said this when he met executives of the Nigerian Independent Petroleum Company (Nipco) Plc at the Aso Presidential Villa, Abuja.
Citizens currently buy fuel at above N1,000 per litre across Nigerian cities.
According to a statement by Bayo Onanuga, President Tinubu’s special adviser on information and strategy, the Nigerian leader lauded NIPCO’s “Switch to CNG” campaign.
Tinubu said:
“Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per standard cubic meter at N200.
“We have also introduced incentives for commercial motorists to convert from petrol to gas free of cost.”
NIPCO chief pleased with Tinubu
Meanwhile, Ramesh Kasangra, NIPCO director, who led the delegation, thanked President Tinubu for his support of the CNG sector.
Kasangra expressed NIPCO’s commitment to solidifying the partnership with the FG “to ensure Nigeria’s energy transition remains on track”.
The NIPCO helmsman assured Tinubu that the company was ready to invest in infrastructure to make CNG more accessible nationwide.
Read Onanuga’s statement in full below:
Tinubu launches fuel alternative
Earlier, Legit reported that the PCNGi launched CNG for vehicles at N230 per litre.
The announcement was detailed in a statement signed by PCNGi’s Michael Oluwagbemi. Oluwagbemi explained that President Tinubu was determined to reduce the cost of living, particularly in light of the removal of the fuel subsidy in May 2023.
