Wednesday, May 20, 2026
26.2 C
Lagos

NNPC GCEO: Nigeria’s CNG Journey Has Commenced and is Irreversible

Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo (3rd left) cuts a tape to commission an NNPC Compressed Natural Gas (CNG) Station in Abuja, as part of the 12 CNG Stations commissioned in Lagos and Abuja. From the Minister’s left are the Board Chairman, NNPC Limited, Chief Pius Akinyelure and GCEO, NNPC Limited, Mallam Mele Kyari while on the Minister’s left are the Chairman House Committee on Gas, Hon, Nicholas Mutu; Chairman, Senate Committee on Gas, Senator Jarigbe Jarigbe and Chairman, House Committee on Petroleum Downstream, Hon. Ikenga Ugochinyere.

The Group Chief Executive Officer of NNPC Limited, Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible.

Kyari, who disclosed this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos, said in addition to the massive deployment of CNG stations nationwide, the NNPC Limited and its partners would also build three Liquefied Natural Gas (LNG) stations in Ajaokuta.

“There is simply no way to turn back on delivering CNG for all Nigerians. It is the right thing to do. Is it late? Yes, but we will make progress, we will cover the gap in order to ensure that the volatility we see with Premium Motor Spirit (petrol) does not apply to gas,” Kyari stated.

The GCEO commended President Bola Ahmed Tinubu for providing the needed support to drive domestic gas utilisation aimed at delivering cleaner and cheaper source of energy to Nigerians.

While assuring that the NNPC will continue to deliver more strategic gas projects for the benefit of Nigerians in line with the Presidential CNG Initiative of bringing prosperity to all Nigerians, Kyari reaffirmed the determination of the NNPC to guarantee the nation’s energy security.

Also speaking at the occasion, the Managing Director, NNPC Retail Limited, Mr. Huub Stokman revealed that in the next one year, NNPC Retail would have launched over 100 CNG sites, including 16 NNPC Gas Marketing and NIPCO Gas JV sites.

“CNG provides Nigeria with affordable alternatives to existing available fuel products. It will be about 40% cheaper than petrol in Nigeria and with continued investments, it will become a significant part of our energy mix,” Stokman added.

In his remarks, Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo said the commissioning of the stations will not only provide economic benefits by creating jobs and stimulating local economies, it will also contribute significantly to Nigeria’s national goals of reducing emissions and combating climate change.

On his part, the Chairman of the NNPC Board of Directors, Chief Pius Akinyelure said increased CNG adoption will foster economic benefits by reducing fuel costs for consumers and businesses alike.

Following the removal of fuel subsidy and the declaration of the Presidential Compressed Natural Gas (CNG) initiatives, NNPC Limited has taken the lead in the deployment of Auto-CNG Stations across Nigeria.

Already, NNPC Gas Marketing Limited, a subsidiary of NNPC Limited, in partnership with NIPCO Gas Limited has developed an Auto-CNG rollout plan for construction of thirty-five (35) CNG stations across the various geographical zones of Nigeria.

spot_img
spot_img
spot_img

Hot this week

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Understanding Why Corporates Need Credit Rating

In today’s dynamic financial landscape, silence leaves room for...

Distinguished Industry Veteran, Olusola Teniola, to Chair NDSF 2026

The organising committee of the 2026 Nigeria DigitalSENSE Forum...

The Nigeria Prize for Science & Innovation Hits New Peak as 2026 Edition Attracts 237 Entries

The 2026 edition of The Nigeria Prize for Science...

Heirs Insurance Group Named among Africa’s Fastest-Growing Companies in Financial Times Ranking

Heirs Insurance Group has achieved a landmark double recognition,...

Topics

NAICOM Approves Guinea Insurance 2017 Account

The National Insurance Commission (NAICOM) has approved the 2017...

1bn Passengers to Fly on Sustainable Aviation Fuel Flights by 2025

The International Air transport Association (IATA) set out an...

Access Bank Donates N10m to UNICEF on Charity Shield Polo

The Access Bank UNICEF Charity Shield International Polo tournament came to a flourishing climax recently with the presentation of N10 million donation by the sole sponsor, Access Bank Plc to UNICEF. The donation was presented at the Fifth Chukker Polo & Country Club in Kaduna by the Executive Director, Personal Banking, Access Bank, Victor Etuokwu to support the UNICEF campaign against HIV/AIDS pandemic among Nigerian children. Etuokwu who led other top officials of Access Bank to the grand finale, expressed delight that the Access Bank UNICEF Charity Shield is achieving its main objective of reaching out to the less privileged children in the society.

Five Trends to Shape Nigerian ICT Space in 2020

Isa Pantami Minister of Communications & Digital Economy In a new...

Tinubu/Okonjo-Iweala: What Does ‘the Economy is Stable’ Mean?

By Yemi Kale I try to stay away from unnecessary...

PwC: Africa Needs Innovation, Tech to Grow Oil Sector

The oil & gas industry in Africa continues to...
spot_img

Related Articles

Popular Categories

spot_imgspot_img