The government said this is part of its effort to tackle the rise in the price of cooking gas in the country.
The Nigerian government on Thursday said it is interacting with critical sectors to ensure there was no exportation of
The government said this is part of its effort to tackle the rise in the price of cooking gas in the country.
Ekperikpe Ekpo, Minister of State for
According to the statement, the minister noted that the workshop is aimed at repositioning the Nigerian gas sector for optimal performance, in line with President
He said as an incentive, the government had withdrawn all taxes and levies from the importation of gas-related equipment.
He added that there were interactions with critical sectors to ensure there was no exportation of liquified petroleum gas, noting that all LPG products produced within the country would have to be domesticated, and when this is done, the volume would increase and the price would automatically crash.
"All LPG produced within the country will have to be domesticated and when this is done the volume will increase and of course, the price will automatically crash. I am in contact with the regulator, the
"There is hope that things will turn around, we do not need to make noise about it and it is based on this that we have this engagement to find out the problems and address them once and for all,"
With regards to converting vehicles to CNG-powered, the minister recalled that a presidential initiative was set up before the inauguration of the ministers.
"I am interfacing with them, and the committee is working to ensure that. We are meeting with the regulators on a daily basis to ensure we crash the price," he added.
Over the years, the cost of cooking gas has been on the rise in the country.
The Nigerian government had earlier in the month said it would implement measures to significantly reduce the price of cooking gas in the country.
In its report titled
On a year-on-year basis, it said this increased by 8.70 per cent from N4,565.56 in
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