Press Release: NIPCO Gas reiterate it’s commitment in providing CNG for motorists
NIPCO Gas Ltd has reiterated its avowed commitment in AutoCNG development and expansion across the country, a feat commenced since 2009 in Benin city, Edo State.
The pioneering in AutoCNG scheme has been expanded to Ibafo in Ogun State, later on in Kogi State and several other states in Nigeria. With the initiatives and clear mandate by current government, AutoCNG network further expanded to Abuja FCT, Ibadan in Oyo State and Oron in Akwa Ibom State.
Mr. Nagendra Verma, Managing Director, NIPCO Gas while interacting with media editors informed that presently NIPCO Gas operates 15 AutoCNG stations across Nigeria and CNG vehicles from Lagos can travel up to Abuja and Kaduna by taking CNG from the in-between NIPCO Gas AutoCNG stations.
“We are sure, soon motorists can travel across every nook and cranny of Nigeria” he noted.
Mr. Nagendra, further stated that, under current government directives, NIPCO Gas has partnered with NNPC for expansion of AutoCNG stations across various states of Nigeria. Partnering with NNPC under directives from The Presidency which brings along huge sense of responsibility and commitment towards masses of Nigeria and Government.
NIPCO Gas is honoured with this trust and belief by the Government and NNPC and have assured that we will not leave any stone unturned to make this AutoCNG expansion plan a reality which will relieve thousands and millions of citizens from the pain they are going through presently.
Under the current partnership, 35 AutoCNG are planned to be constructed in phased manner. Location for 19 CNG stations have been identified and we have received stage-wise approval from NMDPRA and other statutory authorities. 4 CNG stations in Lagos are scheduled to be completed in April/May, 2024.
Mr. Nagendra appreciated the support provided by all regulatory bodies for making this AutoCNG expansion project a reality, we are getting due support and guidance from all including but not limited to PCNGI, NMDPRA, SON, NNPC, other Ministries and Departments and Media too who are also keen to see this as reality in near future.
Gas distribution and AutoCNG projects are highly capital-intensive projects which require huge investment and highest level of commitment and perseverance, we are sure that with support from all and with continuous push from the Presidency, we are surely going to make it happen.
NIPCO Gas in addition to AutoCNG is also expanding gas transportation pipeline towards Ibadan and gas distribution network in Lekki Free Zone. All these projects require huge investment and high gestation period.
Once the above projects are commissioned, it will help in greater way in deepening the utilization of indigenous gas which remains under-utilized and reduce dependency on importation of other fossil fuels thereby reducing the pressure on Forex.
Presently, for Cars, Taxis and Keke’s; AutoCNG is being sold at NGN200/SCM against the PMS price of NGN610/Ltr in Lagos and NGN230/SCM against the PMS price of NGN670/Ltr in Abuja.
Similarly for heavy commercial vehicles, AutoCNG is being sold at NGN260/SCM against the AGO price of NGN1250/Ltr in Lagos and NGN290/scm against the AGO price of NGN1300/Ltr in Abuja.
NIPCO Gas is sure that with the continuous focus and push by current government, AutoCNG will become the Choice fuel for Nigeria which has the potential to reduce the pressure on importation as well as on Forex.
AutoCNG is a project for masses and of National Cause and Importance. We are upbeat that once expanded across Nigeria; will surely and definitely relieve the masses and motorists from high fuel cost. We continuously seek blessing and support of the Government and media to make AutoCNG a Reliever, Cleaner and Greener fuel of Nigeria.
Nagendra Verma
Managing Director,
NIPCO Gas Limited, Lagos
12th April, 2024
