The Nigerian Gas Marketers Urge Government for immediate measures to stabilize gas prices and ensure accessibility to all citizens. Speaking at the 36th annual general meeting/conference themed ‘Expanding gas utilization beyond imagination’ in Ibadan, Oyo State, NALPGAM’s National President, Abideen Olatunbosun, warned that the spiraling gas price hikes threaten to make this essential resource a privilege reserved only for the wealthy elite.
Olatunbosun emphasized, “The exponential surge in gas prices in recent times poses a significant challenge to LPG marketers. The Nigerian Gas Marketers Urge Government to take proactive steps to guarantee gas price stability and equitable access for the ordinary Nigerian. Without intervention, gas risks becoming a luxury item, out of reach for the majority of our society.”
Highlighting the broader benefits of increased gas utilization, Olatunbosun stated, “Our nation must enhance its gas utilization levels. Embracing gas can help preserve our forests, enhance our quality of life, and foster economic growth. The escalating gas prices concern us all.”
During the conference, Professor Sunday Isehunwa, a distinguished guest speaker from the Department of Petroleum Engineering at the University of Ibadan, outlined the various challenges facing the LPG market in Nigeria. These challenges encompass shifts in demand and supply dynamics, fluctuations in natural gas production and consumption, volatility in gas prices, and issues related to electricity pricing.
NALPGAM’s impassioned plea to the government reflects the urgent need to address the escalating gas prices, which have the potential to exacerbate economic disparities in Nigeria. With gas playing a pivotal role in energy and household consumption, ensuring affordability and accessibility is crucial for the welfare of all citizens. Stakeholders across the country are anxiously awaiting the government’s response to this call for action, as the nation grapples with the critical issue of gas affordability in the face of growing demand.
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