NIPCO unveils CNG investment plans, reducing dependence on Petrol

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NIPCO Plc is stepping up its investment in Compressed Natural Gas (CNG) infrastructure to reduce Nigeria’s dependence on fossil fuels and support a cleaner energy future. Speaking at the company’s Annual General Meeting, Managing Director Suresh Kumar said, “NIPCO is poised to intensify its investment in CNG infrastructure nationwide as part of its commitment to sustainability and reducing reliance on fossil fuels.”

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Kumar highlighted the company’s partnership with the government to strengthen the rollout of CNG nationwide, stating, “NIPCO’s partnership with the government to bolster CNG infrastructure nationwide will enable more motorists and industrial users to benefit from the economic and environmental benefits of gas utilisation.” He emphasized that this initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, contributing to a cleaner and more sustainable energy future.

“NIPCO’s efforts in promoting CNG will contribute to a cleaner environment and a more sustainable future,” Kumar noted. He also praised the company’s workforce, saying, “Our workforce has demonstrated dedication and perseverance, driving the company’s growth trajectory.”

Looking ahead, Kumar outlined NIPCO’s plans to optimize processes, strengthen internal controls, and increase brand visibility while continuing downstream investments. “We are committed to sustainability and social responsibility. NIPCO PLC is poised to play a leading role in Nigeria’s energy revolution,” he maintained.

Kumar concluded, “We are committed to creating a better future for our stakeholders.” By expanding its CNG infrastructure, NIPCO is prioritizing both profitability and long-term environmental impact

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