Friday, January 30, 2026
26.3 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

NLNG Rebrands The Nigeria Prizes with New Visual Identities

L–R: Dr. Sophia Horsfall, GM, External Relations & Sustainable Development,...

Linkage Assurance Reports 24% Rise in Insurance Revenue to N27.6bn in FY 2025

Underwriting giant, Linkage Assurance Plc, delivered a robust operating...

PenCom Raises NSITF Pensions, Pays N9bn Arrears to 2116 Retirees

The National Pension Commission (PenCom) has approved an upward...

ITU Sets Path to Drive Digital Benefits for Citizens Worldwide

Member States of the International Telecommunication Union (ITU) agreed...

IMPI: Nigeria’s Economic Model under Tinubu to Deliver 5.5% GDP in 2026

One of Nigeria’s notable policy groups, the Independent Media...

Topics

Leadway Assurance CEO: Nigerians Should Be Proactive as Flood Threats Intensify

The Chief Executive Officer of Leadway Assurance Company Limited,...

High Cost: Major Reason for Poor Protein Consumption in Nigeria – Report

  High cost has been identified as a major disincentive...

How MTN’s Financial Woes Highlight the Challenges of Doing Business in Nigeria 

  By Elvis Eromosele  Doing business in Nigeria is tough. While...

NDIC: Developing Human Capital for Risk-based Supervision

The Nigeria Deposit Insurance Corporation (NDIC) in collaboration with...

Post-Election Trading Begins on a Positive Note… ASI up 57bps

As investors await the results of the 2019 presidential...

INEC Publishes Notice of Anambra State Governorship Election Nov 6

The Independent National Electoral Commission (INEC) held its regular...

Mayweather Vs Pacquiao: The $300m Fight of History

The Most Lucrative Fight Ever-The Greatest? The fight on May 2 between Floyd Mayweather Jr. and Manny Pacquiao is one that boxing fans and writers have sought more than any other in recent years, even though both fighters have passed their respective peaks.

NDIC Clinches FG Platinum Award for Outstanding Performance in Corporate Governance, Service Delivery

L-R: Managing Director/ CEO, Nigeria Deposit Insurance Corporation (NDIC),...
spot_img

Related Articles

Popular Categories

spot_imgspot_img