The federal government has set up a committee tasked with ensuring general supply of cooking gas and stem the tide of its rising price.
Faced by dwindling fortunes of naira against the dollar with regard importation and insufficient supply to the domestic market by producers, cooking gas price has been on the rise.
The federal government has announced plans to address the situation by intervention and having a committee in place.
This is according to the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo.
The latter via a statement his media aide, Louis Ibah released on Sunday, had a meeting with stakeholders including top officials of Chevron Nigeria Limited led by Sansay Narasimi; Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) led by its Chief Executive Officer, Farouk Ahmed and the NNPCL where a committee was formed.
“With the exponential increase in the price of LPG, there is the need for the Federal Government to intervene and I am representing this at this moment.
“We acknowledge that some producers are exporting while we are faced with the challenges of importation. Public interest is the overriding interest all over the world for the government, and the demand for LPG will increase as we approach December. You have a public service obligation to collaborate with the government to ensure the security of gas supply, we need to therefore bend backward and find solutions, to ensure that we have sufficient supply and stability in-country and that Nigerians have gas,” Ibah wrote.
