News
Tinubu Offers Nigerians CNG at N200 as Petrol Hits N1,000
President Bola Tinubu has introduced a major shift in Nigeria’s fuel market by allowing motorists to choose between purchasing petrol at N1,000 per liter or opting for the more affordable alternative of Compressed Natural Gas (CNG), priced at N200 per Standard Cubic Meter.
The announcement was made during a strategic meeting held on Tuesday with key executives of the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja.
In a statement delivered by Bayo Onanuga, the president’s spokesman, Tinubu outlined the new direction aimed at providing Nigerians with more affordable fuel options.
“Motorists now have the choice to either buy petrol at N1,000 per liter or the equivalent in CNG for just N200 per Standard Cubic Meter.
We’ve also introduced incentives to help commercial drivers convert their vehicles from petrol to gas without any cost,” Tinubu explained.
The president also took the time to recognize the critical role NIPCO has played in the promotion of CNG as a viable fuel alternative.
He highlighted the company’s efforts in encouraging the shift from petrol to CNG, noting how it has contributed to reducing Nigeria’s dependence on petrol.
This move is part of a broader effort to help consumers save on fuel expenses while transitioning to a more sustainable energy source.
Tinubu’s administration is positioning CNG as a cleaner and more cost-effective alternative to petrol, with the potential to lessen the economic burden on everyday Nigerians.
By adopting CNG, the government hopes to cut fuel costs for consumers and reduce the environmental impact of petrol consumption.
Additionally, the incentives to convert commercial vehicles at no charge are designed to ease the transition for businesses that rely heavily on transportation, further promoting the switch to CNG across the nation.
This latest policy highlights the government’s commitment to addressing fuel price concerns and providing Nigerians with practical alternatives, while also advancing the country’s energy strategy toward greener solutions.
LeBron James, the NBA’s all-time leading scorer and Los Angeles Lakers star, has announced a temporary break from social media.
The 39-year-old made the announcement on X (formerly Twitter) and Instagram after sharing a post by Rich Kleiman, agent to NBA star Kevin Durant, criticizing the media’s focus on negativity.
Kleiman wrote, “With so much hate and negativity in the world today, it confuses me why some of the national sports media still think that the best way to cover sports is through negative takes… I, for one, find it all a waste of breath.” James shared the post, adding a simple comment: “AMEN!!”
In a follow-up post, James confirmed his social media hiatus, writing, “And with that said, I’ll holla at y’all! Getting off social media for the time being. Y’all take care.”
James, known for his strong presence on and off the court, is taking this break amidst ongoing discussions about the role of media in shaping public perceptions of athletes.
Lagos State Governor, Sanwo-Olu presents 3 Trillion Naira as the budget for the proposed Appropriation Bill for 2025 to the house of assembly. The assembly meeting was led by Speaker, Mudashiru Obasa. The budget is themed Budget of Sustainability and will be a blue print for the commitment to Lagosians.
The ceremony was held in the state house, Alausa, Lagos. With this proposed bill the state government is focusing on environment, education, technology, security and public safety.
Former Petroleum Minister Diezani Alison-Madueke has filed a motion to amend her lawsuit challenging the Economic and Financial Crimes Commission’s (EFCC) order for the final forfeiture of her seized assets.
At a Federal High Court hearing in Abuja presided over by Justice Inyang Ekwo, Alison-Madueke’s counsel confirmed filing the amendment motion and serving the EFCC. Notably, no EFCC representatives appeared in court.
The embattled ex-minister also sought an extension of time to contest the EFCC’s public notice regarding the sale of her confiscated properties, claiming she was denied a fair hearing during the forfeiture proceedings.
The EFCC, however, rejected Alison-Madueke’s allegations, maintaining that the forfeiture cases were lawfully adjudicated over time.
Justice Ekwo adjourned the case to February 17, 2025, to consider the motion to amend the originating process.
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