July 5, 2022 12:46 am

Sponsored

NEWS

NLPGA engages with government on cooking gas

The Nigeria LPG Association has said it is engaging with the Federal Government to resolve the issues responsible for the lingering cooking gas crisis in the country.

The President, NLPGA, Mr Nuhu Yakubu, stressed the need to sustain the growing adoption of Liquefied Petroleum Gas, popularly known as cooking gas, through sector-friendly policies and programmes.

He spoke at the 11th NLPGA International Conference and Exhibition, with the theme, ‘Market growth and fiscal regulations – Rethinking the LPG supply gaps amid the challenging regulatory environment’.

He said: “As an association, we are currently engaging with respective government agencies in addressing issues around LPG supply, particularly access to foreign exchange, value-added tax, levies, etc. We believe our efforts will yield positive results in good time.

“Also, it is not far-fetched to state, therefore, that sustaining the growing adoption of LPG through sector-friendly policies and programmes will support economic growth that will yield jobs and wealth creation.”

Yakubu added that the association would continue in its collaboration with industry regulators to advocate the highest safety standards amongst members.

In a communique issued at the end of the event, stakeholders said the Petroleum Industry Act should be implemented in a manner that would encourage massive domestic and foreign investments, required to stimulate sustainable growth while creating many multiplier effects, including jobs for Nigerians.

It said, “That such new investments are required to reduce Nigeria’s current dependence on imported LPG as well as meet rising future demand, based on increased population. That the government should be consistent in the conceptualisation and implementation of policies needed to ensure stability in the LPG sector.

“That relevant stakeholders need to be involved and carried along in the process of taking new decisions to ensure successful implementation. That the imposition of the Value Added Tax has negatively affected the sector in many unintended ways and should be eliminated.”

They said the high prices of LPG had shifted the demand to firewood and charcoal, thus fuelling desertification and erosion with a very negative impact on the environment.

They added that new incentives should be introduced to stimulate investment, processing and utilisation of LPG in Nigeria in line with the nation’s Decade of Gas agenda

 
*The NLPGA engages with government on cooking gas crisis.*

READ >>
https://trentimes.com/local-news/nlpga-engages-with-governtment-on-cooking-gas/?mref=
Copy & share post link to grow your TTC

Source 

guest
1 Response
Inline Feedbacks
View all comments
Testimony Bolorunde
6 months ago

I don’t know why the prices of Gas is high….since we have high supply

trentimes

Sponsored

Home                          Terms of Service

FAQs                            Privacy Policy            

Contact Us

Disclaimer                   Buy TTCoins

Copyright © 2020. Trentimes. All Rights Reserved.

Copyright © 2020. Trentimes. All Rights Reserved.

TrenApps

General

Dizcuz

Leave Comments on Posts

TLSC

Trentimes Link Share Club. Share links in bulk

Sabi

Provide good responses to topics and earn up to 1000TTC​

Affili8

Get commissions on every successful sale

Farming & Investment

cropped 1folio.net

1folio

Farm Trencoins and grow them

Content

PostPad

Create and publish content

IdeaPad

Get ideas on hot topics

Add Sequence

For creating courses and tutorials

Vendors

Product

Add an item for sale

Your Referral link
 https://trentimes.com/?mref=

Login or Sign Up to Support Jacy writes

Upon Registration, You will be credited with 27TTC

Login | Register

Support Jacy writes by donating Trencoins
Login or Register to Donate to

Get Paid Online!

Join the community and start getting paid for completing tasks. Trentimes is the world’s first income media.

Get Paid Online!

Join the community and start getting paid for completing tasks. Trentimes is the world’s first income media.

Enable Notifications    OK No thanks