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Nigeria’s gas cylinder plants’ investments threatened

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

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