NNPCL/NIPCO enter pact to build 56 CNG filling stations

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By: Peace Adisa

NNPCL/NIPCO enter pact to build 56 CNG filling stations

As we speak, between the NNPC and the NIPCO, there has been an agreement struck for the establishment of 56 new CNG filling stations nationwide, across all states of the federation in two phases to be running between now and April 1, 2024. And then phase two, from April 2024 to May 2025.

So, these have already been put in place. Aside from that, His Excellency, Mr. President, clearly enunciated that N100 billion has been set aside and has now as of this week, been paid out for the provision of over 3,000 CNG fuel buses because we are targeting commercial transportation, which is where the bulk of our masses are feeling the pinch, with respect to the cost of how they will get from home to business and from business to home on daily basis.

“We believe that with CNG and depending on market conditions running from between N175 per litre and N250 per litre, against PMS’ N670 per litre to over N700 per litre, depending on where you are buying the commodity.

‘’With that savings in the first phase, we can save the energy cost of millions of Nigerians that are relying on commercial transportation, businesses and systems across all states of the federation.

“This is really the immediate solution, even if as we have our short to medium to long term plans on local production of electronic vehicles and solar power charging stations across the country.”