Friday Olokor, Leke Baiyewu, Okechukwu Nnodim, Temitayo Jaiyeola, Amarachi Orjiude, Lesi Nwisagbo, Kariola Mustapha, Amarachi Orjiude, Dayo Adenubi, Samuel Olatunji, Juliana Ajayiand John Charles Published 7 June 2021With present economic woes, we shouldn’t add to our people’s problems – NESGBan will dampen foreign investors’ interest in Nigerian businesses, say economic expertsIt’ll disrupt thousands of small businesses capable of creating 70%.
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Published 30 May 2021
Industry players in the oil and gas sector have been urged to take advantage of the N250bn gas intervention fund set aside by the Central Bank of Nigeria to deepen gas consumption across the country.
Oil and gas experts and economic analysts said the target of expanding the consumption of Liquefied Petroleum Gas (cooking gas) in Nigeria would be substantially achieved with the appropriate deployment of the fund.
The use of cooking gas in Nigeria increased to one million metric tonnes in 2020 from about 400MT consumption level recorded four years ago.
Operators said the increase was on the backdrop of the removal of the subsidy on kerosene, but noted that LPG penetration was still far from the national target of five million metric tonnes set for next year.
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