President Bola Tinubu has given Nigerian motorists a choice between paying N200 per standard cubic metre natural gas or N1,000 per litre for petrol.
This was a fallout of a meeting between President Tinubu and executives from the Nigerian Independent Petroleum Company (NIPCO), Tuesday at the State House in Abuja.
“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,” Tinubu was quoted as saying at the meeting.
Tinubu’s special adviser on information and strategic communication Mr. Bayo Onanuga in a statement said the President was committed to making available cheaper and cleaner fuel for Nigerians.
“During the meeting, President Tinubu 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,” said the statement.
“He emphasised the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions for Nigerians.
“The President lauded 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 even before the official kickoff of the Presidential CNG Initiative.”