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Gas Hike: Reps advocate implementation of gas policy, reduction in cost of product


The House of Representatives has called on the Federal Government to implement the Nigerian Gas Policy, as well as make immediate intervention to force down the rising cost of cooking gas in Nigeria.


The resolution of the House was sequel to the adoption of a motion moved at the plenary on Tuesday by Rotimi Agunsoye.


Moving the motion, the lawmaker said Liquefied Petroleum Gas (LPG) otherwise known as cooking gas is the cleanest and cheapest means for everyday cooking in households.


He said Nigeria has the largest natural gas reserve in Africa and holds the 9th position in the world.


Agunsoye stressed that a nationwide sensitization and campaign for the adoption and expansion of the use of cooking gas has been planned by the Federal Government.


He said, “We are aware that the Nigerian Gas Policy is fashioned to boost the oil and gas sector and enhance the economy of the nation as well as boost the domestic market for LPG.


“We are also aware that the Nigerian Gas Policy aims at moving Nigeria from being a crude oil export-based economy to an attractive oil and gas-based industrial economy.”


The lawmaker pointed out that properly harnessing LPG could lead Nigeria to become a gas-based industrial nation while satisfying local demands.


He said the years 2020-2030 have been marked by the Federal Government as the “decade of gas”, aimed to achieve actualization of gas for all in the country for use in homes, vehicles and industries.


Agunsoye expressed worry about the recent surge in the price of cooking gas in the open market, worrying that gas which cost only about N4,000 in July 2021 now costs about N8,000 with an all-time high of about N9,000 during the 2021 yuletide season, standing at over 100% increase within one year.


He argued that the implementation of the gas policy not only increase the domestic use of cooking in more households but have a greater economic scale which would reduce the price for more affordability.


The House resolved to “urge the Federal Government to implement the Nigerian Gas Policy as well as make immediate intervention to force down the rising cost of cooking gas in Nigeria.”

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