The Nigerian government announced on Thursday its efforts to tackle the surge in the price of cooking gas by preventing the exportation of Liquified Petroleum Gas (LPG), commonly known as cooking gas. 

Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), revealed this during an internal stakeholders’ workshop in Abuja.

In line with President Bola Tinubu’s Renewed Hope Agenda, aimed at harnessing Nigeria’s abundant gas resources for economic development and poverty eradication, the workshop seeks to reposition the Nigerian gas sector for optimal performance.

The minister highlighted that the government had removed all taxes and levies from the importation of gas-related equipment as an incentive.

Additionally, there have been engagements with critical sectors to ensure that domestic LPG production is prioritized over exports. By domesticating LPG products within the country, the government aims to increase volume and subsequently lower prices, benefiting consumers.