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Local production of LPG will reduce cost, FG insists

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LPG tank in Nigeria SOURCE: Google

The Federal Government has restated that the importation of Liquefied Petroleum Gas (LPG) for local consumption will continue to increase the price of cooking gas.

It stated that the country currently imports about 60 per cent of its local consumption needs of LPG, stressing that Nigeria needed more domestic production to significantly reduce the cost of local consumption.

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Programme Manager of the National LPG Expansion Implementation Plan (NLEIP), Dayo Adeshina, made the assertion at a two-day Sub-national LPG sensitisation and awareness campaign in Enugu, organised by the office of the Vice President, Yemi Osinbajo.

He explained that plans were ongoing to improve local production with indigenous companies next year.

“Currently, the nation supplies about two million metric tons of natural liquefied gas to consumers of which 60 per cent is imported. We expect companies like Seplat, ANON gas to come on stream next year. We need more domestic sources of supplies so that we don’t rely on importation any longer,” he said.

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He added that the Federal Government would roll out five-10 million gas cylinders in 12 states of the federation in the next year.

Also speaking, Coordinator of Women in LPG, Mrs. Joy Shaiyen, enumerated the business opportunities women could take up in the resource.

She said women in the country could invest in the LPG business with a startup capital of between N50, 000 and N200, 000.

“Cylinder exchange, cylinder refurbishment, conversion of the generator from fuel, diesel to LPG and conversion of car from petrol and diesel into LPG are the abundant opportunities. Our desire is to see more women explore these business opportunities,” she said.

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