- President Bola Tinubu offers Nigerians alternative fuel options.
- Petrol (PMS) costs N1,000 per liter.
- Compressed Natural Gas (CNG) costs N200 per standard cubic meter.
- CNG is cleaner and more affordable.
- Presidential Compressed Natural Gas Initiative (PCNGI) promotes energy transition.
- Public-private partnerships drive cleaner energy solutions.
- ”Switch to CNG” campaign raises awareness and provides affordable conversion kits.
- Free conversion incentives for commercial motorists.
- Nigeria aims for net-zero emissions by 2060.
- Energy Transition Plan promotes renewable energy and job creation.
President Bola Tinubu recently announced that Nigerians can choose between buying premium motor spirit (PMS) at N1,000 per liter or compressed natural gas (CNG) at N200 per standard cubic meter. This move aims to reduce the country’s reliance on petrol and lower fuel costs for consumers. CNG is considered a cleaner and more affordable fuel option, which aligns with the administration’s energy security and economic diversification strategy.
During a meeting with the Nigerian Independent Petroleum Company (NIPCO), Tinubu praised the company’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI). He emphasized the importance of public-private partnerships in driving the transition to cleaner energy solutions.
The “Switch to CNG” campaign has been instrumental in raising public awareness and providing affordable CNG conversion kits. To encourage commercial motorists to make the switch, the administration is offering free conversion incentives.
Nigeria’s Energy Transition Plan aims to achieve net-zero emissions by 2060, with gas serving as a transition fuel . The plan involves reducing dependence on fossil fuels, promoting renewable energy, and improving air quality. It’s expected to create significant economic opportunities and job creation across various sectors, including renewable energy, energy efficiency, and electric vehicles .
