Managing Director, NIPCO Gas Ltd, Nagendra Verma receiving the Award of Most Innovative Gas Company of the Year from Chairman, International Energy Service, Dr Diran Fawibe (M) at the Energy Times Award ceremony in Lagos. He is flanked on the right by AGM Corporate Affairs, NIPCO, Lawal Taofeek.
First and Foremost, we extend our deepest appreciation to the organizers of this landmark event for honoring Nipco Gas with this award, which reflects our humble contributions to the nation’s gas sector within the hydrocarbon industry. Our gratitude also extends to their efforts in creating a robust platform for lucid energy news stories, features and analysis year-in-year out.
The accolade of Most Innovative Gas Company of the Year aptly acknowledges our endeavors in the gas sector, marked by the launch of our inaugural Compressed Natural Gas (CNG) station in Benin City, Edo State, in 2009.
The honour serves as recognition of our steadfast commitment to deeping gas utilization as an alternative automotive fuel. The distinguished award also underscores NIPCO Gas’s firm unwavering focus to expanding the country’s gas infrastructure. We are honored to have our efforts in the sector as acknowledged in a significant way as you have done.
NIPCO Gas stands as a prominent energy enterprise, devoted to providing dependable and sustainable energy solutions to Nigerian communities. Prioritizing innovation and ecological stewardship, NIPCO Gas is determined to drive positive transformation in the energy industry, advocating for cleaner options like AutoCNG to foster a more eco-friendly and sustainable future.
Reflecting our commitment to capitalizing on the nation’s gas potential, we have consistently invested substantial human and material resources in developing infrastructures that bolster viable energy alternatives for both motorists and industrial applications.
A prime illustration of our company’s dedication is the recent partnership between NNPC Ltd. and NIPCO Gas Ltd., which aims to establish CNG stations nationwide. This significant venture will enhance Nigeria’s CNG framework, broaden CNG availability, and foster the transition to a more affordable and eco-friendly fuel alternative for various vehicles.
The initiative, introduced by NNPC Limited’s Group Chief Executive Officer, Mallam Mele Kyari, is set to offer diverse fuel choices to Nigerians in the wake of the Premium Motor Spirit (PMS) subsidy removal. The goal is to create a network of CNG stations throughout the country. Under the partnership NIPCO Gas has committed construction of 35 CNG Stations initially across states of Nigeria.
Presently, NIPCO Gas Limited has 16 CNG outlets and has successfully converted over 8,000 vehicles to CNG. The firm’s expertise and experience are instrumental in supporting the government’s renewed efforts to making fuel more economical and to enhance its beneficial impact on the national economy.
Receiving this award motivates us to further contribute to the industry’s expansion in every aspect. Our commitment to the nation’s progress, particularly in the gas segment of the hydrocarbon industry, remains steadfast.
This accolade is a tribute to the dedication of my colleagues at NIPCO Gas Limited, whose relentless pursuit of excellence has significantly shaped our company’s impressive growth over time.
We are grateful for the shared joy and support in this achievement. To all of us: Excelsior!
This Acceptance Speech was made by Nagendra Verma, MD NIPCO Gas Limited on the Occasion of Conferment of Innovative Gas Company of the Year on the Company by Energy Times Newspaper.
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