Business
Nipco Gas Limited Achieves 15,000 Vehicle Conversions to CNG
- Nipco Gas Limited’s Managing Director, Nagendra Verma, shared these achievements with journalists in Lagos, emphasizing the firm’s pioneering role in the sub-sector and its positive impact on investor confidence in Nigeria’s gas industry.
- Verma said the company’s operational performance has been exceptional, with significant strides in supply chain efficiency, expansion of CNG infrastructure, customer satisfaction, and an increased market share.
Nipco Gas Limited recently announced that it has converted 15,000 vehicles to run on Compressed Natural Gas (CNG), contributing to cleaner and more sustainable transportation in Nigeria, Eko Hot Blog reports.
Additionally, the company has obtained Gas Distribution Licenses (GDL) from the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
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Nipco Gas Limited’s Managing Director, Nagendra Verma, shared these achievements with journalists in Lagos, emphasizing the firm’s pioneering role in the sub-sector and its positive impact on investor confidence in Nigeria’s gas industry.
He said, “The exclusivity period of 25 years granted under these licences prevents infrastructure duplication, ensuring efficiency and national resource optimisation.
“Gas Distribution Licenses awarded to Nipco Gas Ltd include 1. Ibadan Axis (Ogere-Ibadan-Oluyole-Olorisaoko-Asejire-Ajoda) – Nipco Gas/NGML. 2. Benin City – Nipco Gas. 3. Lekki Free Trade Zone – Nipco Gas/NGML. 4. Kara-Sagamu-Abeokuta-Ibadan Axis (Sagamu Interchange-Ibafo-Isheri-Otedola Bridge) – Nipco Gas/NGML.
“With these awards Nipco Gas Ltd now stands as Nigeria’s largest indigenous licensed gas distribution company. This achievement is a testament to our unwavering commitment and the continuous support of stakeholders like you.”
Verma said the company’s operational performance has been exceptional, with significant strides in supply chain efficiency, expansion of CNG infrastructure, customer satisfaction, and an increased market share.
“We have successfully commissioned several CNG stations across Abuja, Lagos, Edo, Delta, Ogun, Oyo, Kogi, and Akwa Ibom states. Our joint venture with NNPC Gas Marketing Limited (NGML) has strengthened industrial gas supply, particularly in the Lekki and Lagos-Ibadan corridors.
“Nipco Gas has entered into an agreement with Delta State very recently to construct a CNG station and CNG conversion workshop initially in Asaba. We are hoping to increase the number of CNG stations and conversion workshops in Delta State with the support of the government.”
Verma noted that Delta State has provided the land for this facility, describing it as a very proactive and welcoming step. “We are sure that with such a type of public-private partnership, it will provide speed to the Presidential CNG initiative,” he stated.
Verma added, “We are actively working with PCNGI to increase the availability of CNG conversion kits and workshops.
By forging partnerships with local and international suppliers, we are committed to making conversion kits more affordable and efficient. Educating Nigerians on the benefits and safety of CNG remains our top priority, and we count on the media to play a pivotal role in this effort.”
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