Buhari Promises To Take Action On Gas Price Hike

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CBN

 

Abdul  Lateef

The Minister of State for Petroleum, Timipre Sylva, has said that President Muhammadu Buhari is aware and concerned about the hike in the price of gas and is promising action to ameliorate the situation.

He said this while addressing State House correspondents after a meeting with the President in his office where he presented CEOs of two new agencies: the Nigerian Upstream Regulatory Commission (NURC) and the Nigerian Downstream and Midstream Petroleum Regulatory Authority (NMDPRA) at the statehouse.

The minister explained that the government has no control of the prices and rather, it is the international market that primarily determines the price of the commodity.

Sylva, however, assured Nigerians that some elements of the pricing will be adjusted internally to enable a reduction, particularly in view of the Yuletide season.

Meanwhile, Delta State Governor Dr. Ifeanyi Okowa,  has called on the Federal Government and relevant policymakers to initiate steps towards reducing the rising cost of Liquefied Petroleum Gas (LPG) in the country.

Okowa made the call at a two-day LPG sensitisation and awareness campaign organised by the National LPG Expansion Plan, Office of the Vice President in conjunction with the State Government held at the Unity Hall, Government House, Asaba.
He said that the theme of the campaign “Stimulating Delta State Socioeconomic Growth Through LPG Adoption And Expansion” was apt as the world moves towards greener sources of energy because of the adverse effects of fossil fuel on the environment.

Represented by his Chief Economic Adviser, Dr Kingsley Emu, Governor Okowa said stakeholders must work to reduce the rising cost of LPG if the objective of the National LPG Expansion plan was to be realised.

He thanked the Office of the Vice President for choosing Delta as one of the pilot states for the public enlightenment campaign.

Represented by his Chief Economic Adviser, Dr Kingsley Emu, Governor Okowa said stakeholders must work to reduce the rising cost of LPG if the objective of the National LPG Expansion plan was to be realised.

He thanked the Office of the Vice President for choosing Delta as one of the pilot states for the public enlightenment campaign.

“Just recently, world leaders gathered in Glasgow, Ireland, in a Summit (COP-26) to dicuss the adverse effects of climate change occasioned by the use of fossil fuels and the need to move towards cleaner energy.

“This makes the adoption of LPG as a transition fuel to greener sources exigent, and Delta State is keen to play a vital role in this process and will give this awareness programme maximum support.

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