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In response to the rising cost of powering generators in Nigeria, President Bola Tinubu has announced plans to distribute cheap fuel through compressed natural gas (CNG) and liquefied natural gas (LPG).
Mele Kyari, CEO of the Nigerian National Petroleum Company Limited, confirmed the plans after a meeting with Tinubu.
The structural measures are part of palliative measures to cushion the effects of subsidy removal.
An energy firm in Nigeria has revealed that using gas as a fuel source for generators is more cost-effective than petrol, with a 12.5kg gas cylinder providing up to 15 hours of electricity at N500 per hour compared to a petrol-powered generator providing 14 hours of electricity at N1,050 per hour.
Tinubu’s plan aims to make cheap fuel available to Nigerians and reduce the cost of powering generators amidst skyrocketing petrol prices.
This article was updated 1 week ago
