Gas Policy: Implementation Will Guarantee Affordable Cooking Gas, Growth of Oil And Gas Sector– Reps

The House of Representatives has averred that the Nigerian Gas Policy will positively impact the nation’s economy and the citizens if fully implemented.

Investors King reports that the Nigerian Gas Policy aims at making Nigeria an attractive oil and gas-based industrial economy and not remaining as a crude oil export-based economy. A proper harnessing of Liquefied Petroleum Gas, LPG would greatly boost the economy, satisfying international and local demands. 

The lawmakers urged the federal government to harness the gas policy’s benefits and implement it for the development of the oil and gas sector that needs to be launched into.

The lower chamber of the Nigerian legislature gave the charge at the plenary on Tuesday, after the adoption of a motion moved by a Lagos State representative, Rotimi Agunsoye.

Agunsoye opined that the gas Policy will make cooking gas more affordable as it will be sold at cheaper rates which will increase its use in various households, adding that this will bring more economic gains.

He decried the recent rise in cooking gas prices at the open market which amounted to a 100% increase in a year.

“The recent surge in the price of cooking gas in the open market as cooking 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 2021 yuletide season, standing at over 100% increase within one year is worrying.

“The years 2020-2030 have been marked by the federal government as the ‘decade of gas’ aimed to achieve actualisation of gas for all in the country for use in homes, vehicles and industries,” he said.

The federal lawmaker called for an extensive sensitisation for the use of cooking gas in various households across the country.

With Nigeria having the largest natural gas reserve in Africa and holding the 9th position in the world, Agunsoye enjoined the federal government to greatly explore the potentials of the sector.

“A nationwide sensitisation and campaign for the adoption and expansion of the use of cooking gas has been planned by the federal government,” he added, urging an immediate implementation.