The Nigeria LPG Association (NLPGA) says it is negotiating with the Federal Government towards resolving issues leading to the lingering cooking gas crisis in the country.
The President of NLPGA, Nuhu Yakubu, who was speaking 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’ reechoed the need to sustain the growing use of Liquefied Petroleum Gas, also known as cooking gas in the country.
In his words: “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. 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.”
In a communique participants called for speedy implementation of the Petroleum Industry Act to encourage increased domestic and foreign investments necessary to stimulate sustainable growth that would trigger multiplier effects in the economy.
“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. Government should be consistent in the formation and implementation of policies needed to ensure stability in the LPG sector.” The communique read.