Business

NIPCo Gas Converts 15,000 CNG Vehicles … Moves To Sustain Investment In Gas Sector

Published

1 year ago

February 26, 2025

NIPCO Gas Limited has called for a robust industry-wide collaboration to develop the country’s gas utilization strategy.

This follows its convertion of 15,000 vehicles with plans underway to expand operations further to meet the growing demand for CNG.

The company, which pioneered private sector initiative in Compressed Natural Gas (CNG) drive, said private-public sector collaboration would help to improve current investment in gas utilization.

The Managing Director and Chief Executive Officer (MD/CEO), NIPCo, Nagendra Verma, made the call while reviewing activities in the sub-sector, in Lagos, at the Weekend.

Sharing the remarkable progress of NIPCO Gas Ltd. in recent months, especially its dedicated investment in the CNG space as an alternative fuel, Verma said the call was enunciated by the current administration’s commitment to sustain energy efficiency and enhance economic development.

Verma said the NIPCO Gas Ltd. has sustained collaboration with NNPC Limited and the Presidential CNG Initiative (PCNGI) to expand CNG stations, conversion workshops and availability of CNG kits across Nigeria.

This commitment, he said, underscored its vision of providing cleaner, more affordable, and sustainable energy solutions.

“We are proud to announce that NIPCO Gas Ltd has been awarded Gas Distribution Licenses (GDL) by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Federal Government.

“This milestone highlights its pioneering role in the sub-sector and strengthens investor confidence in Nigeria’s gas industry”, he said.

The exclusivity period of 25 years granted under these licenses prevents infrastructure duplication, ensuring efficiency and national resource optimization, he added.

The Gas Distribution Licenses Awarded to NIPCO Gas Ltd. include Ibadan Axis (Ogere-Ibadan-Oluyole-Olorisaoko-Asejire-Ajoda); NIPCO Gas/NGML, Benin City; NIPCO Gas, Lekki Free Trade Zone; NIPCO Gas/NGML, Kara-Sagamu-Abeokuta-Ibadan Axis (Sagamu Interchange-Ibafo-Isheri-Otedola Bridge); and NIPCO Gas/NGML.

With these awards, NIPCO Gas Ltd. now stands as Nigeria’s largest indigenous licensed gas distribution company.

This achievement, according to the MD, “is a testament to its unwavering commitment and the continuous support of stakeholders like you.

“Our 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.”

Verma further stated that the NIPCO Gas has entered into agreement with Delta State to construct 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 government. Delta State has provided the land for this facility, which is very proactive and welcoming stel taken by them. We are sure, with such type of public private partnership, it will provide speed to the Presidential CNG initiative”, he said.

On CNG adoption and accessibility, he said the company is actively working with PCNGI to increase the availability of CNG conversion kits and workshops.

He stated that “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.”

According to him, “Our strategic vision includes launching additional CNG stations nationwide and enhancing infrastructure such as pipelines and storage facilities. However, challenges persist, including the need for a more streamlined, time-bound regulatory approval system to fast-track the expansion of CNG infrastructure.

“We appreciate the government’s ongoing efforts under President Bola Ahmed Tinubu’s administration to ease industry bottlenecks and provide a supportive policy framework.”

Verma, expressed hopes that with the right policies and infrastructure, CNG can play a transformative role in Nigeria’s energy mix, saying, “As an organization, NIPCO Gas remains committed to advancing the use of indigenous natural gas, supporting economic growth, and aligning with the Renewed Hope Agenda of the President.”

Business

Boat Mishap Kills Pastor, Wife And Church Members In Brass Water

Published

2 days ago

May 18, 2026

The Tide

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways

The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and members of his church were in a programme.

?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet to be recovered

as search party are still ongoing.

Although the real cause of the boat Mishap is not yet known as at the time of this report, our Correspondent gathered that the identities of the Pastor, wife and church members were not disclosed to the public.

The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit

The Bayelsa State government and the state police command are yet to issue official statement’s on the sad accident

By: CHINEDU WOSU

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

2 days ago

May 18, 2026

The Tide

The Rivers State Council of Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.

Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt, recently.

Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.

He noted that the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.

According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.

He also informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.

“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.

Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.

The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.

He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.

Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.

The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.

He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.

Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.

By: King Onunwor

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

7 days ago

May 13, 2026

The Tide

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.

Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.

According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.

Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.

“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.

The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.

According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.

Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.

He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.

“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.

He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.

“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.

Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.

“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.

“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.

Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.

She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.

Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).

“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.

“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.