The Federal Government of Nigeria has not issued any directive to alter the prices of Compressed Natural Gas (CNG) nationwide, according to the Presidential Initiative on Compressed Natural Gas (P‑CNGI). In a statement, Matilda Johnson, Brands and Corporate Communications Manager at P‑CNGI, emphasized that recent adjustments in CNG pump prices announced by certain operators were purely private‑sector decisions. She clarified that no policy or directive has been issued by the Federal Government to change CNG pump prices, which remain under the purview of regulatory agencies.
The P‑CNGI reassured the public that CNG will continue to be significantly cheaper, cleaner, and more affordable than Premium Motor Spirit (PMS) and diesel. The initiative’s mandate, directed by President Bola Tinubu, is to promote the development of the CNG mobility market and encourage the adoption of a more sustainable alternative fuel nationwide. To this end, the P‑CNGI has collaborated with relevant government agencies, catalyzing growth in the sector and attracting nearly $1 billion in private‑sector investment.
Despite these efforts, some private marketers have raised the price of CNG to N380 per Standard Cubic Metre (SCM), up from the previous N230. The P‑CNGI remains focused on expanding CNG penetration across the country and encouraging broader private‑sector participation to ensure availability and affordability for all. The development of the CNG market is significant given the government’s push for cleaner, more sustainable alternatives to traditional fuels, and the sector’s continued growth is expected to attract further investment and stakeholder attention. The P‑CNGI’s reassurance on pricing aims to mitigate concerns and reinforce the government’s commitment to promoting CNG adoption nationwide.
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