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Business News of Friday, 4 August 2023

Source: www.legit.ng

NNPCL, NIPCO to begin nationwide autogas deployment for vehicles

Mele kyari Mele kyari

The Nigerian National Petroleum Company Limited (NNPCL), on Thursday, August 3, 2023, announced its partnership with Nipco Gas Limited for the deployment and supply of Compressed Natural Gas Stations across Nigeria.

CNG is another alternative fuel used in vehicles, and the clamor for its use has increased since the subsidy was removed from petrol.

NNPC to build 35 CNG stations across Nigeria

According to the Group Chief Executive Officer of NNPCL, Mele Kyari, President Bola Tinubu has directed the company to source alternative fuel to alleviate the effect of petrol subsidy removal.

Kyari said: “As part of NNPCL’s commitment to reducing carbon footprint and providing cheaper alternative fuel to motorists, the company is happy to announce a strategic partnership with Nipco Gas Limited to develop Compressed Natural Gas stations.

“This initiative is in addition to the phased deployment of 56 CNG stations planned by NNPC Retail across the country.

“This landmark collaboration aims to expand our CNG infrastructure, improve access to CNG, and accelerate the adoption of cheaper and cleaner alternative fuel for buses, cars, and Keke NAPEP, which will significantly reduce the cost of transportation and engender sustainable national economic growth.”
Stations to service 200,000 vehicles every day

Punch reports that Kyari said 35 CNG stations would be constructed nationwide under the partnership.

The statement also released via its Twitter handle, NNPCL said the stations could service about 200,000 vehicles daily and reduce the cost of fuel for Nigerians and the cost of transportation.

The statement reads: “NIPCO Gas Limited operates 14 CNG stations across Nigeria and has converted over 7,000 vehicles to run on CNG. NIPCO’s technical competency and field experience will bolster this initiative’s success and amplify its positive impact on the Nation’s economy.