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President Bola Tinubu says Nigerian motorists now have the option of buying fuel at at N1,000 per litre or gas equivalent at N200 per Standard Cubic Meter.

The president said this during a meeting with executives of the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja, on Tuesday.

The President commended NIPCO’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI).

During the meeting, Tinubu acknowledged NIPCO’s role as a critical player in enhancing the adoption of CNG as an alternative fuel, noting that such investments align with his administration’s energy security and economic diversification strategy.

He emphasised the importance of public-private partnerships in driving the transition to cleaner
and more affordable energy solutions for Nigerians.

The President lauded NIPCO’s efforts in promoting and supporting the “Switch to CNG” campaign, which has been instrumental in boosting public awareness and providing affordable CNG conversion kits even before the official kickoff of the Presidential CNG Initiative.

He highlighted the significance of this initiative in reducing the nation’s reliance on petrol and cutting down fuel costs for consumers.

CNG, being a cleaner and more affordable fuel, reduces the carbon footprint and saves consumers significant fuel costs.

“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,” Bayo Onanuga, Presidential spokesman, quoted Tinubu to have said.

Tinubu reaffirmed his administration’s commitment to providing a conducive environment for private sector investments and expanding Nigeria’s CNG infrastructure to enhance energy efficiency and economic growth.

He further encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government’s broader goals in the energy sector.

Mr Ramesh Kasangra, NIPCO director, who led the delegation, thanked President Tinubu for his steadfast support of the CNG sector.

He expressed NIPCO’s commitment to furthering the partnership with the government to ensure Nigeria’s energy transition remains on track.

He assured the president that the company was ready to invest in infrastructure to make CNG more accessible nationwide.

President Bola Ahmed Tinubu has resumed work at State House, Abuja, after a two-week vacation in the United Kingdom.

Tinubu, who returned to the country on Saturday, spent his first day at work yesterday having meetings with some of his aides.

ThisDay reports that the National Security Adviser (NSA), Mallam Nuhu Ribadu, and Chief of Defence Staff (CDS), General Christopher Musa, were among the early callers at the president’s office.

Another top official, who met with the president was his Special Adviser on Policy Coordination and Head of the Central Delivery Coordination Unit, Ms. Hadiza Bala-Usman.

Bala-Usman is the aide charged with evaluating the performances of all the president’s appointees, especially the ministers.

Others, who equally met with Tinubu, were Minister of Solid Minerals Development, Dele Alake; Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, who doubles as Special Adviser to the President on Revenue; and Minister of Works, Dave Umahi.

President of the Senate, Senator Godswill Akpabio, and Minister of the Federal Capital Territory (FCT), Nyesom Wike, were among those who stayed late in the office with Tinubu before he closed for the day and retired to his official residence, a stone throw from his office.

There were hints from reliable Villa sources that most of those the president met were either people who had roles to play in shoring up the economy or those with political and output evaluation tasks.

Tinubu had from the beginning of his administration hinted at a plan to drop appointees considered unproductive or evaluated to have fallen short of expected delivery.

The suspicion that the anticipated cabinet reshuffle might happen very soon, probably in a matter of days, was further strengthened when Bala-Usman was sighted at the president’s office.

Recall that Special Adviser to the President on Information and Strategy, Bayo Onanuga, and Senior Special Assistant to the President on Digital and New Media, O’tega Ogra, had told newsmen at State House on September 25 that the president had plans to rejig his cabinet soon.