The Federal Government has taken a significant step to curb the rising cost of cooking gas by halting the export of locally produced liquefied petroleum gas (LPG). This strategic move aims to prioritize the supply of cooking gas for domestic consumption, ensuring that Nigerian households have easier access to this essential resource.
Over recent months, Nigerians have been grappling with soaring prices of cooking gas, which has placed a financial strain on many households. The decision to stop exports is part of a broader government effort to stabilize the domestic market and mitigate the effects of inflation, especially in the energy sector.
By diverting locally produced gas from international markets to the domestic supply chain, the government aims to boost availability, lower prices, and reduce dependency on imports. This move is expected to ease the pressure on Nigerian consumers and create a more sustainable market for cooking gas within the country.
Additionally, this initiative highlights the government’s recognition of the need for energy security and its commitment to addressing the economic challenges faced by ordinary citizens.
