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NIPCO Cuts Auto CNG to N200/Standard Cubic Feet to Boost Usage

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nipco-mobil

By Adedapo Adesanya

NIPCO has cut the cost of Auto Compressed Natural Gas (Auto CNG) to as low as N200 per standard cubic feet (scm) as part of efforts to promote the use of the fuel as an alternative to Premium Motor Spirit (PMS) also called petrol.

This happened as the company announced the completion of four CNG stations in the commercial city of Lagos.

The facilities would be opened for commercial operations by the end of April or May to become the first of its kind in the state.

The Managing Director of NIPCO Gas Limited, Mr Nagendra Verma said the firm has been involved in AutoCNG development and expansion since 2009.

Mr Verma, who assured sustainability of supply after commissioning said presently, for Cars, Taxis and Keke’s; AutoCNG is being sold at N200/scm against the petrol price of N610 per litre, in Lagos and N230/scm against the PMS price of N670 per litre in Abuja.

He further informed that similarly for heavy commercial vehicles, AutoCNG is being sold at N260/scm against the AGO price of N1,250 litre in Lagos and N290/scm against the AGO price of N1300 litre in Abuja.

“NIPCO Gas is sure that with the continuous focus and push by current government, AutoCNG will become the choice fuel for Nigeria which has the potential to reduce the pressure on importation as well as on Forex,” he added.

According to him, AutoCNG is a project for the masses and of National cause and importance.

“We are sure that once expanded across Nigeria, it will surely and relieve the masses and motorists from high fuel costs. We continuously seek blessings and support of the Government and media to make AutoCNG a reliever, cleaner and greener fuel for Nigeria,” he said.

Speaking on the the company’s strategy, Mr Verma said, initially the company started with Benin City and expanded the AutoCNG network to Ibafo in Ogun State and later on in Kogi State.

He stressed further that with the initiatives and clear mandate by the current government, the AutoCNG network also expanded to Abuja FCT, Ibadan in Oyo State and Oron in Akwa Ibom State.

NIPCO Gas presently operates 15 AutoCNG stations across Nigeria and CNG vehicles from Lagos can travel up to Abuja and Kaduna by taking CNG from in-between NIPCO Gas AutoCNG stations and soon motorists can travel across every nook and cranny of Nigeria.

Under current government directives, NIPCO Gas has partnered with the Nigerian National Petroleum Company (NNPC) Limited for the expansion of AutoCNG stations across various states of Nigeria.

“Partnering with NNPCL under directives from the Presidency brings along a huge sense of responsibility and commitment towards masses of Nigeria and Government.

“NIPCO Gas is honoured with this trust and belief by the Government and NNPCL and has assured that we will not leave any stone unturned to make this AutoCNG expansion plan a reality which will relieve thousands and millions of citizens from the pain they are going through presently,” Mr Verma added.

He also disclosed that under the current partnership, 35 AutoCNG are planned to be constructed in a phased manner.

He also revealed that locations for 19 CNG stations have been identified and the firm has received stage-wise approval from NMDPRA and other statutory authorities.

He said the four CNG stations in Lagos are scheduled to be completed by the latest May 2024, adding, “For making this AutoCNG expansion project a reality, we are getting due support and guidance from all including but not limited to PCNGI, NMDPRA, SON, NNPC, other Ministries and Departments and Media too who are also keen to see this as reality in near future.”

Mr Verma said gas distribution and AutoCNG projects are highly capital-intensive projects that require huge investment and the highest level of commitment and perseverance and expressed hope that with support from all and with a continuous push from the Presidency, the firm will surely make it happen.

He went further to state that NIPCO Gas in addition to AutoCNG is also expanding the gas transportation pipeline towards Ibadan and the gas distribution network in the Lekki Free Zone.

“All these projects require huge investment and high gestation period. Once the above projects are commissioned, it will help in a greater way in deepening the utilisation of indigenous gas which remains under-utilised and reduce dependency on importation of other fossil fuels thereby reducing the pressure on forex,” he added.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Nigeria’s Cocoa Output May Fall 11% in 2025-26 Season

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By Adedapo Adesanya

Nigeria’s cocoa output is projected to fall by 11 per cent to 305,000 tons in the 2025-2026 harvest season, Bloomberg reported on Monday.

Cocoa is one of Nigeria’s agricultural products, with the country ranked among the top five producers in the world.

The country’s output could be down by a difference of 39,000 tons from a projected 344,000 tons in the current season, which ends in September.

According to the publication, this development is part of a wider problem among West African producers which will see the region head into another disappointing harvest.

Bloomberg said despite favourable weather in previous seasons, structural constraints including aging cocoa trees and crop diseases may continue to limit output and keep prices high.

According to Mr Mufutau Abolarinwa, the head of the Cocoa Association of Nigeria, changing weather patterns have delayed key rainfall and strong winds have damaged fresh flowers and young cherelles.

He added that these have reduced the number of pods that could have contributed to output.

According to Bloomberg, while the situation is bleaker for Nigeria, it is comparatively better for bigger producers like Cote d’Ivoire and Ghana.

In Cote d’Ivoire, the biggest producer, is projected to collect 1.4 million tons during the main crop harvest between October and March, which is about in line with the expected total for this season’s main crop.

In neighboring Ghana, where the harvest begins this month, the output is projected at 620,000 tons, well below the country’s historical peak.

Cameroon is an anomaly with production expected to rise 12 per cent to 300,000 tons, according to the country’s Cocoa and Coffee Interprofessional Council.

The result means global cocoa supply will likely stay tight and prices will rise, even as weaker demand offers some relief following an estimated 40,000-ton shortfall this year.

According to analysts, JPMorgan forecasts prices staying above $6,000 a ton, while Citi expects $7,000 in the next year , which more than double the long-term norm.

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Lagos Declares Adron Homes, Aina Gold Estate, Diamond Estate, 173 Others Illegal

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Lagos State government

By Modupe Gbadeyanka

The Lagos State Government has listed 176 estate developments spread across the state as illegal, giving them 21 days to process their layout approvals.

In a document published by the Ministry of Physical Planning and Urban Development on Monday, owners and developers of these estates described as illegal failed to register with the appropriate agencies before embarking on the projects.

In the notice signed by the Permanent Secretary in the Office of Physical Planning, Mr Oluwole Sotire, the importance of all developers and real estate practitioners registering with the Lagos State Real Estate Regulatory Authority (LASRERA), which is responsible for regulating, coordinating, and monitoring real estate practitioners in the sector, was emphasised.

The notice listed the illegal estates, mostly located in the Eti-Osa, Ajah, Ibeju-Lekki, and Epe axis of the state, as Adron Homes, Elerangbe; Aina Gold Estate, Okun-Folu; Diamond Estate, Eputu; Prime Water View Garden, Ikate Elegushi; Lekki Palms Estate, Olomowewe; Living Spring Estate, Lafiaji; Atlantic View Estate, Lekki; Yomade Heritage, Epe Road; and Royal View Estate, Ikota, among others.

The developers have been asked to submit the necessary documents to Mr Sotire within 21 days at the Ministry of Planning and Urban Development in Alausa, Ikeja, for the necessary layout approvals.

Below are all the affect estates;

176 illegal estates Lagos

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Guild of Editors, SERAP Kick Against Niger Governor’s Closure of Badeggi FM

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Badeggi FM

By Adedapo Adesanya

The Nigerian Guild of Editors (NGE) and the Socio-Economic Rights and Accountability Project (SERAP) have separately condemned the recent order for the closure of Badeggi Radio by Governor Mohammed Bago of Niger State.

Business Post reports that the Niger State Governor had stripped Badeggi FM radio station of its license and allegedly threatened to demolish the station’s premises over its allegations of inciting violence in the state.

On its part, NGE, which is the apex body of editors in Nigeria, said in a statement that the governor’s action was a “blatant attack on press freedom and democracy.”

Speaking on behalf of the organisation, the guild‘s President, Mr Eze Anaba, and its General Secretary, Mr Onuoha Ukeh said, “This act of censorship and intimidation undermines the fundamental principles of a democratic society where free press is essential for holding those in power accountable,” adding that the governor acted outside his powers to order the closure of a radio station.

“The power to sanction television and radio stations only lies with the Nigerian Broadcasting Commission (NBC) after a thorough investigation of any alleged breach of the code.

“We are happy that the Minister of Information and National Orientation, Mallam Mohammed Idris, has pointed this out.

“This should go beyond observing the anomaly. The Federal Government should order the unsealing of the premises of the radio station, while investigation is carried out.”

The statement said arbitrary closure of media houses was a reminder of the dark days of military rule.

It, however, noted that Mr Bago’s allegation of incitement of violence by the radio station was a serious issue which had to be investigated and proven before any action could be taken.

“We urge the media to operate under strict adherence to the code of ethics of journalism, with responsible conduct at the back of the minds of the professionals,” it said.

The statement called on the authorities to take measures to respect the rights of citizens to access information and express themselves freely.

On its part, SERAP urged Governor Bago to “immediately reverse the arbitrary and unlawful decision to strip Badeggi FM radio station of its licence, reinstate the station’s licence, and withdraw your threat to demolish the station’s premises”

The organisation said: “Your vague, unfounded and unsubstantiated allegations of ‘inciting violence’ against Badeggi FM and its owner are apparently made to silence the radio station and its owner.”

SERAP said, “Silencing critical or dissenting voices under the guise of vague and unsubstantiated national security concerns is a fundamental breach of your constitutional oath of office and Nigeria’s international human rights obligations.”

“Silencing Badeggi FM and its owner would have a chilling effect on the protection of freedom of expression and media freedom across several states.”

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