The Bola Ahmed Tinubu-led Federal Government has announced a ban on the export of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, produced in Nigeria, following a sharp rise in its price.
Naija News reports that this was made in a statement released on Tuesday by the media aide to the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo.
The Minister voiced concerns about the surging LPG prices.
Despite previous efforts, including the formation of a high-level committee in November 2023 led by the Authority Chief Executive of the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed, the price of LPG has skyrocketed from an average of N1,100–N1,250 per kg to N1,525 per kg.
The statement revealed that Ekpo held a meeting with key players in the LPG value chain to address the situation, which is placing a significant burden on Nigerians.
As part of the government’s intervention, the Minister announced several key…