• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NIPCOGas Crashes CNG Price To N200/scm, Unveils Stations In Lagos

by Chika Izuora
1 year ago
in Business
NIPCOGas
Share on WhatsAppShare on FacebookShare on XTelegram

NIPCO GAS is about to promote the use of Compressed Natural Gas, CNG, as alternative to Premium Motor Spirit, PMS also called petrol in the commercial city of Lagos after it has announced completion of four CNG stations in Lagos.

Advertisement

The facilities would be opened for commercial operations by end of April to become the first of its kind in the state which is now contending with long queues at filling stations.

The managing director ,NIPCO Gas Ltd ,Nagendra Verma, briefing the media on the development at the weekend, said the firm has been involved in AutoCNG development and expansion since 2009.

Verma, who assured sustainability of supply after commissioning said presently, for Cars, Taxis and Keke’s; AutoCNG is being sold at NGN200/standard cubic feet scm against the petrol price of NGN610 per litre, in Lagos and NGN230/scm against the PMS price of NGN670/ltr in Abuja.

The managing director, further informed that similarly for heavy commercial vehicles; AutoCNG is being sold at NGN260/scm against the AGO price of NGN1250/ltr in Lagos and NGN290/scm against the AGO price of NGN1300/ltr in Abuja.

RELATED

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue

We’re Making Abia Farmers Globally Visible – Agric Firm

21 hours ago
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

1 day ago

“NIPCO Gas is sure that with the continuous focus and push by the current government, AutoCNG will become the Choice fuel for Nigeria which has the potential to reduce the pressure on importation as well as on Forex.” he added.

 

According to him, AutoCNG is a project for masses and of National Cause and Importance, adding “We are sure once expanded across Nigeria; will surely and definitely relieve the masses and motorists from high fuel cost.

 

“We continuously seek blessing and support of the Government and media to make AutoCNG a Reliever, Cleaner and Greener fuel of Nigeria”

 

Speaking on the company’s strategy, Verma said, initially the company started with Benin City and expanded the AutoCNG network to Ibafo in Ogun State and later-on in Kogi State.

 

He stressed further that with the initiatives and clear mandate by the current government, AutoCNG network also expanded to Abuja FCT, Ibadan in Oyo State and Oron in Akwa Ibom State.

 

NIPCO Gas presently operates 15 AutoCNG stations across Nigeria and CNG vehicles from Lagos can travel up to Abuja and Kaduna by taking CNG from the in-between NIPCO Gas AutoCNG stations. We are sure, soon motorists can travel across every nook and cranny of Nigeria.

 

Under current government directives, NIPCO Gas has partnered with the Nigerian National Petroleum Company Limited, NNPCL for expansion of AutoCNG stations across various states of Nigeria.

 

“ Partnering with NNPCL under directives from The Presidency brings along a huge sense of responsibility and commitment towards masses of Nigeria and Government.

 

“NIPCO Gas is honoured with this trust and belief by the Government and NNPCL and have assured that we will not leave any stone unturned to make this AutoCNG expansion plan a reality which will relieve thousands and millions of citizens from the pain they are going through presently.” added Verma

 

He also disclosed that under the current partnership, 35 AutoCNG are planned to be constructed in phased manner. He also revealed that locations for 19 CNG stations have been identified and the firm has received stage-wise approval from NMDPRA and other statutory authorities.

 

He said 4 CNG stations in Lagos are scheduled to be completed in April/May, 2024, adding, “For making this AutoCNG expansion project a reality, we are getting due support and guidance from all including but not limited to PCNGI, NMDPRA, SON, NNPC, other Ministries and Departments and Media too who are also keen to see this as reality in near future.”

 

Verma, said gas distribution and AutoCNG projects are highly capital-intensive projects which require huge investment and highest level of commitment and perseverance, and expressed hope that with support from all and with continuous push from the Presidency, the firm will surely make it happen.

 

He went further to state that NIPCO Gas in addition to AutoCNG is also expanding the gas transportation pipeline towards Ibadan and gas distribution network in Lekki Free Zone.

 

“All these projects require huge investment and a high gestation period.

 

Once the above projects are commissioned, it will help in greater way in deepening the utilisation of indigenous gas which still remains under-utilised and reduce dependency on importation of other fossil fuels thereby reducing the pressure on Forex.” he added

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: NIPCOGas
SendShareTweetShare
Previous Post

Axxela Retains Global Certification For High Standards

Next Post

Naira To Emerge Best Performing- Goldman Sachs

Chika Izuora

Chika Izuora

You May Like

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue
Agriculture

We’re Making Abia Farmers Globally Visible – Agric Firm

2025/06/29
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
MONEY MARKET: Assessing Customers’ Losses To Fraudsters Through Digital Banking
Business

Cybercrime: Half Of Victims Paid Ransom In 2025

2025/06/29
Leadership Conference advertisement

LATEST

‘It’s Inspiring Moment,’ Says Nigerian Student After Meeting Tinubu In Saint Lucia

Tinubu, Saint Lucia PM Seal Plan For Diplomatic Ties

June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’

Meet Top 20 Nigerian Techies Driving Innovations In 2025

Kalu Seeks Debt Cancellation To Ease Africa’s Burden

Aviation Ministry Worker Convicted Over Employment Fraud

Police Arrest Arrowhead Of Child Theft Syndicate, Rescue 12 Minors 

Abakaliki FC In Minor Road Accident After Federation Cup Defeat

CWC: PSG Thrash Lionel Messi’s Inter Miami 4-0, Advance To Quarterfinals

Soldiers Kill Terrorist Kingpin Mai Dada, Recover Weapons

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.