NLPGA seeks full implementation of LPG policy
The Nigeria Liquefied Petroleum Gas Association has highlighted the need to fully implement the national policy on LPG in a bid to boost the consumption of the commodity in the country.
The NLPGA President, Mr Nuhu Yakubu, who led his executive committee members and other industry leaders to meet with Vice President Yemi Osinbajo recently, said there was a need to address the challenges in LPG subsector.
The meeting, according to a statement, focused on implementation strategies for the national LPG policy as approved by the Federal Executive Council.
The Vice President was said to have expressed commitment to work closely with the NLPGA to achieve full implementation of the policy to achieve its desired objectives, which include a reduction in domestic energy poverty across Nigeria.
The statement said, “Other issues discussed include lack of enforcement and lack of uniformity of enforcement, the duplicity of regulatory oversight and levies, the impact of organised touting and extortions on consumer retail price, matter arising from VAT waiver, and inland waterways accessibility.
“The forthcoming LPG Conference and Exhibition was discussed, and His Excellency, the Vice President, graciously accepted the invitation as a special guest of honour and keynote speaker at the conference scheduled for November 26 to 27, 2019 in Lagos, jointly organised with LPG Summit, international LPG conference organisers.”
The Executive Secretary, NCDMB, Mr Simbi Wabote, who noted that the country had not made the most of the LPG in the country, said coastal LPG storage capacity had increased in recent years.
He said, “What we have seen in recent times is that the number of coastal depots has increased significantly, and the price of LPG had reduced within the coast.
“There is no significant depot anywhere in the country; all the inland facilities we have are just within filling stations. Those are not depots; they are more or less mini tanks. There is a huge opportunity for LPG beyond the cooking gas part of it that we need maximise. So, I challenge your members to look at how we can have a significant depot up north. If there is a business proposition in that direction, we are going to look at it.”