NIPCO Plc has reiterated its commitment to President Bola Tinubu’s petroleum industry reforms, particularly those focused on expanding Nigeria’s downstream gas infrastructure.
During a recent meeting at the Aso Villa in Abuja, NIPCO’s Senior Executive, Mr. Ramesh Kansagra, expressed the company’s alignment with the Federal Government’s goal to promote Compressed Natural Gas (CNG) as a cost-effective and environmentally friendly fuel alternative.
Kansagra shared that NIPCO recognized the potential of CNG over 15 years ago, establishing the necessary groundwork to facilitate a shift to gas-powered vehicles. “This foresight,” he stated, “now aligns with Tinubu’s initiatives,” referencing the Presidential Compressed Natural Gas Initiative, which has expanded access to CNG-powered transportation.
Highlighting NIPCO’s dedication to enhancing gas infrastructure, Kansagra noted the company’s current $100 million project to build a 100km gas pipeline from Lagos to Ibadan, aimed at increasing supply and accessibility. He stated that this expansion is in line with the administration’s reform objectives, creating an opportunity for more motorists and industries to transition to cleaner energy sources.
Kansagra praised Tinubu’s proactive energy policies, stating that they “reflect the global shift towards cleaner fuels and come at an opportune time for Nigeria.” He added that the reforms will promote economic sustainability by reducing reliance on fossil fuels and supporting Nigeria’s environmental goals.
“Motorists can now benefit from a more affordable alternative to petrol, with CNG priced at N230 per SCM compared to petrol’s N1,000 per litre,” Kansagra remarked, highlighting the economic advantages of the shift. He further explained that CNG is produced domestically, unlike petrol, half of which is currently imported.
