NIPCO Plc Compressed Natural Gas, CNG project has again attracted the commendation of the Federal Government.
Making the commendation at the recently-concluded Oil Trading & Logistics Conference/Exhibition OTL, in Abuja, the Senior Special Assistant to the President on Energy Partnership, Mr Ibrahim Shehu Njiddah, “Your efforts in championing use of CNG and LPG as auto fuel is promising and your expansion programmes in the industry should be made realizable and a reality in no distant future.”
Njiddah, who said this when he visited the Nipco’s pavilion during the conference noted that the company’s success story within just a few years of operation was not only commendable, but also worthy of emulation.
The presidential aid further argued that the success was a good reflection of the private sector participation being promoted by government in Nigeria’s oil and gas industry.
Meanwhile, to douse fears of scarcity, the Managing Director of Nipco, Mr. Venkataraman Venkatapathy, has reassured the public and other stakeholders of the availability of petroleum products during the ember months and beyond.
Venkataraman said that the availability of products will be sufficient through the over 5,000 outlets of its member partners and the over 100 Nipco dealer stations nationwide.
He said, “We are going to ensure that Nipco remains in the forefront of making sure that the monster of fuel scarcity especially in the Northern part of the country does not rear its ugly head again.
“With thousands of outlets of member partners across the country and the guaranteed supply from the company’s depot, fuel supply across the country would get better.”
He told the presidential aid that Nipco remained committed to steady and uninterrupted supply of liquid fuels to all parts of the country, particularly in the Northern region with a view to improving supply for the benefit of all.
He noted that Nipco is an integrated downstream player with a diversified portfolio in both white products and gas, adding that its pioneering role in providing alternative energy for motorists to power their vehicles through the Compressed Natural Gas continues to attract positive comments from various stakeholders.
He explained that the company through a JV scheme with Nigerian Gas Company, NGC , a subsidiary of the Nigerian National Petroleum Corporation, NNPC, had completed six CNG stations in Benin, Edo State, with over 250 taxis currently running on gas and enjoying all the attendant benefits.
Venkataraman revealed that aside from inaugurating the CNG stations, Nipco also gave some incentives including cost free installations to reduce the burden of installing the kits in the taxis.
He estimated that cars running on gas enjoy up to 50 per cent savings on fuel aside from making the environment cleaner, greener and friendlier.
In addition to CNG, he said Nipco has also made significant strides with the supply of Liquefied Petroleum Gas, LPG or cooking gas through the inauguration of its state-of-the-art 4,500 metric tonne plant in Apapa, Lagos.
As an added boost, he said the company bought over 20 trucks to deliver LPG to bottling plants across the country.