NNPC Retail has launched six new stations across Lagos to provide easy access to Compressed Natural Gas (CNG)More stations are set to open in Abuja, and NNPC Limited has promised to make CNG adoption attractive for NigeriansCNG is considered a cheaper alternative to petrol, and President Tinubu has consistently encouraged Nigerians to make the switch
Henzodaily.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Presidential Compressed Natural Gas Initiative (PCNGi) has announced that the Nigerian National Petroleum Company (NNPC) Limited retail company has launched six new CNG refuelling units in Lagos.
More CNG stations in Nigeria
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Source: Getty Images
In a statement released on X, the PCNGi said the first two stations, located in Fola-Agoro and Agege, are already operational, with the remaining four are set to open before the end of the month(January)
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The CNG initiative
President Bola Tinubu has consistently urged Nigerians to switch to using CNG, stating that it will save the country over N2 trillion in funds currently spent on importing Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO).
In a recent address directed at Nigerian drivers, he said that they now face a choice: either pay N1,000 per litre for petrol or opt for the cheaper alternative – CNG.
The president, in another address, said:
“Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200. We have also introduced incentives for commercial motorists to convert from petrol to gas” free of cost.”
Nigerians have consistently complained that the low adoption of CNG is due to the lack of refuelling locations.
The NNPC has launched new CNG refuelling stations in Lagos to address this.
Here are the new locations:
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Fola Agoro SS – Fola Agoro, Shomolu LGA, LagosAlapere SS – Oworonshoki Expressway, Alapere, LagosMarina SS – Along Marina, Marina, Lagos IslandAgege Bypass SS – Along Agege Bypass, Idimuangoro, LagosLakowe SS – Along Lagos Epe Expressway, LagosOdogunyan SS – Along Ikorodu-Sagamu Road, Ikorodu
For residents in Abuja, here are the new locations to refuel CNG.
NNPC Retail Sector Centre CNNPC Retail Dei DeiNNPC Retail GaduwaNNPC Retail UshafaNNPC Retail Zone 1NNPC Retail NIPCO GwagwaladaNIPCO Airport Road, Kubwa
Upcoming Stations
NIPCO (MRU) KubwaNIPCO (MRU) MabushiNIPCO (MRU) MadalaNIPCO (MRU) LugbeNIPCO (MRU) Tunga MajeNIPCO (MRU) Utako
NNPC promises for new stations
According to Mele Kyari, the Group Chief Executive Officer (GCEO) of NNPC Limited, 12 Compressed Natural Gas (CNG) mother stations and mini Liquefied Natural Gas (LNG) plants in the coming months.
Filling station owners move to sell fuel priced at N200
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Henzodaily.ng earlier reported that oil marketers have called for federal government support to enable them to sell CNG fuel across the country.
About 50 CNG stations currently serve Nigerians, operated mainly by NNPC Limited and NIPCO.
Despite government encouragement, the shortage of CNG stations has slowed the pace of vehicle conversion among Nigerians.
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Source: Henzodaily.ng