IPMAN endorses Compressed Natural Gas as best alternative energy source
Written by Olarotimi Oshin on June 7, 2023
The Independent Petroleum Manufacturers Association of Nigeria (IPMAN) has endorsed the use of Compressed Natural Gas (CNG) as an alternative energy source to cushion the effect of subsidy removal.
IPMAN National President, Elder Chinedu Okorokwo made this known in an interview with the Newsmen, Abuja today.
Recall that President Bola Tinubu had on May 29 in his inaugural speech said subsidy on Premium Motor Spirit (PMS) known as fuel had ended with the commencement of his administration.
In view of the high increase in fuel pump price, transportation and food stuff among others due to the subsidy removal, the Federal Government entered into deliberations with the Nigeria Labour Congress and Trade Union Congress.