Connect with us

Nigeria In One Minute

Nigeria’s gas cylinder plants’ investments threatened

Published

on

The multi-million dollars local gas cylinder manufacturing sub-sector in Nigeria is facing the rocks, threatening geometric growth recorded in the Liquefied Petroleum Gas (LPG) also known as cooking gas sector.

The difficulty buoyed by Federal Government’s inaction to end over N1 trillion average annual investments on fuel subsidy has, according to the Nigerian Liquefied Petroleum Gas Association (LPGA), created a shortfall of 49 million cylinders in the system.

President of NLPGA, Nuhu Yakubu, who confirmed the “dangerous trend” to New Telegraph on the side-line of a press conference, registered the displeasure of stakeholders in cooking gas sector with fuel subsidy.

New telegraph, November 20, 2018

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations