By Faridat Salifu
NIPCO Plc says it is scaling up its investment in Compressed Natural Gas (CNG) infrastructure to help reduce Nigeria’s dependence on fossil fuels and promote a cleaner energy transition.
The company made this known at its Annual General Meeting held recently at the Abuja Continental Hotel.
Speaking at the event, Managing Director of NIPCO Plc, Suresh Kumar, said the company recognised the potential of CNG as an alternative auto fuel 15 years ago and is now deepening its commitment.
“NIPCO is poised to intensify its investment in CNG infrastructure nationwide as part of its commitment to sustainability and reducing reliance on fossil fuels,” Kumar stated.
He noted that NIPCO’s ongoing partnership with the Nigerian government would accelerate the nationwide rollout of CNG and enable more motorists and industrial users to access the economic and environmental benefits of gas.
Kumar said the company’s CNG expansion aligns with President Bola Tinubu’s Renewed Hope Agenda and supports Nigeria’s clean energy ambitions.
“Our efforts in promoting CNG will contribute to a cleaner environment and a more sustainable future,” he said.
He also credited the company’s workforce for their role in sustaining NIPCO’s business growth, describing them as resilient and dedicated.
“Our workforce has demonstrated dedication and perseverance, driving the company’s growth trajectory,” he said.
Kumar outlined NIPCO’s outlook, which includes optimising operations, strengthening internal controls, and increasing brand visibility.
He said the company remains focused on expanding its downstream energy investments while maintaining a strong commitment to sustainability and corporate responsibility.
“NIPCO Plc is poised to play a leading role in Nigeria’s energy revolution,” Kumar said.
He said the company’s expansion of CNG infrastructure is designed to balance profitability with long-term environmental benefits.
“We are committed to creating a better future for our stakeholders,” he added.