It was gathered by Hobnob News reports that as part of the measures put in place to address the increasing scarcity and rising prices of cooking gas (Liquefied Petroleum Gas – LPG) in Nigeria, the federal government has taken decisive action.
According to Hobnob News reports, the Minister of State for Petroleum Resources, Ekperikpe Ekpo, announced the suspension of LPG exportation during an “Internal Stakeholders’ Workshop” held in Abuja.
He said the move is part of a strategic effort to boost the availability of LPG within the domestic market, with the aim of alleviating the financial burden on consumers due to surging prices.
He said the discussions are aimed at collaboratively addressing challenges faced by consumers and ensuring a more stable and affordable cooking gas market.
The minister emphasized the importance of halting the exportation of locally produced LPG, intending to keep the entire production within the country.
He said that by doing so, the government anticipates an increase in the volume available for the domestic market, potentially leading to a reduction in prices and providing relief to consumers grappling with the high cost of cooking gas.
He said that “there is that hope that things will turn around. We don’t need to make noise about it.”
HOBNOB NEWS
