The Nigerian National Petroleum Company Ltd has disclosed reason it handed over 35 hybrid Compressed Natural Gas-powered buses to the Presidential Initiative on Compressed Natural Gas, reports Business TodayNG
The Group CEO, NNPC Ltd, Bashir Ojulari, handed the buses during a brief ceremony held at the NNPC Towers on Monday,
While reiterating the Company’s commitment to support the Federal Government’s gas aspirations, Ojulari stated that the move was in line with NNPC Ltd.’s efforts to drive the adoption of CNG as a cleaner, cheaper, and sustainable fuel alternative.
The Group CEO added that the company has recorded significant progress on gas supply, infrastructure, distribution, and retail outlets.
“I am proud that NNPC Ltd is playing a pivotal role in driving the Federal Government’s gas agenda towards energy transition,” the GCEO stated in a statement signed by the
NNPC Ltd on Monday in Abuja.
Earlier in his address, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the CNG buses represent not just vehicles but serve as instruments of economic relief, social equity, and environmental responsibility.
“They signal a future where the ordinary Nigerian can commute safely, affordably, and efficiently,” he added.
The Minister described the initiative as a direct reflection of President Bola Tinubu’s Renewed Hope Agenda, a bold step to reduce the cost of transportation, lessen dependence on petrol, and ensure the utilisation of the Nation’s abundant natural gas resources for the benefit of the people.
Earlier in his remarks, the Executive Vice President, Downstream, NNPC Ltd, Mumuni Dagazau, said the adoption of CNG as a fuel alternative has significant economic benefits for the Nation by reducing reliance on PMS and AGO as automotive fuels which also leads to substantial cost savings and supports the growth of local gas industry.
The Managing Director of NNPC Foundation, Emmanuella Arukwe, said through the initiative, NNPC Ltd was advancing and shaping a new energy future that will purposefully serve people, communities, and the planet.
The Programme Coordinator/CEO, Presidential CNG Initiative, Michael Oluwagbemi, commended NNPC Ltd for supporting the Initiative, stressing that the company has been a reliable partner for the Initiative since its commencement.
