LEADERSHIP
A consumer body, the Cooking Gas Consumers Association of Nigeria (CGCAN) has again added its voice to the lingering issue of high cost of the ex-depot price of Liquefied Petroleum Gas (LPG) popularly called cooking gas in the country, saying that the role played by middlemen in the gas industry is the major contributory factor to the exorbitant and skyrocketing price of the essential item in the country.
The National President of Cooking Gas Consumers Association of Nigeria CGCAN, Dr Hakeem Olajide, stated this in a press statement he signed and made available to the media in Abuja, yesterday, in reaction to the news reports that quoted the Managing Director of NIPCO Plc, Mr. Suresh Kumar, on the state of things in the country’s LPG price regime.
It would be recalled that the Managing Director of NIPCO Plc, Mr. Suresh Kumar, was quoted recently in the media to have said that the “local production of LPG was not at par with domestic demand, as the industry had expected that Nigeria should have grown to a two million metric tons per annum market.”
The NIPCO boss was also quoted further to have explained that the local production of LPG from Nigeria and some other International Oil Companies (IOCs) was not enough to meet local demands, even though the nation’s domestic LPG market recorded some progress between 2014 to 2020; growing consumption from 2, 000 metric tons per annum to 1.2 million metric tons in 2020.
‘‘But from 2020, we started witnessing a decline basically due to low local production and increased…
