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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.
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
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