Good morning, ladies and gentlemen. We have an exciting news update for you today. The Independent Petroleum Marketers Association of Nigeria, also known as IPMAN, has announced its readiness to provide affordable fuel options for Nigerians. According to the association’s chairman, Chinedu Okoronkow, IPMAN is preparing to introduce Compressed Natural Gas (CNG) at a cost of N100 per litre.
In an effort to mitigate the impact of subsidy removal on the people of Nigeria, IPMAN is nearing completion of its plan. This development comes as a relief to motorists and transport operators who have been grappling with skyrocketing fuel prices since the Nigerian government ended petrol subsidies.
During an interview on Channels Television, Chinedu Okoronkwo, the national president of IPMAN, revealed that the association is 90% ready to roll out CNG as a viable alternative to petrol. He emphasized that CNG would be sold at a price ranging from N100 to N110 per litre before the end of this month.
The introduction of CNG is expected to significantly reduce Nigeria’s energy costs. Okoronkwo stressed that this alternative fuel option would serve as a substitute for petrol, benefiting both individuals and the nation as a whole.
Okoronkwo further explained the potential of CNG, stating, “Very soon, we will roll out. We are 90% close to that, which will also unveil many possibilities.” He expressed that IPMAN has already brought relief to numerous families by utilizing CNG for powering vehicles, generators, and even cooking.
By adopting CNG, Nigeria can reduce its dependence on fuel imports, as natural gas would be imported instead. The increased awareness of CNG-powered cars nationwide has led to their growing popularity due to their efficiency and affordability compared to traditional petrol and diesel options.
In order for IPMAN’s plans to come to fruition, the government’s acceptance and support are crucial. Okoronkwo emphasized that IPMAN is ready to assist the government in bringing relief to the people and creating new job opportunities. The demand for alternative fuels already exists, and IPMAN has received considerable interest and support from overseas companies.
In conclusion, IPMAN’s initiative to introduce cheap fuel at N100 per litre is nearing completion, bringing hope for reduced energy costs and increased accessibility for Nigerians. With their 90% readiness, IPMAN aims to make a significant impact and positively transform the fuel landscape in the country. Stay tuned as we follow the progress of this exciting development.