Enterprise Television- Nigeria’s LPG Sector to Record $10Bn Growth in 8 Years
President of the Nigeria Liquefied Petroleum Gas Association, NLPGA, Mr. Nuhu Yakubu, has predicted the nation’s LPG sector to record $10 billion growth in the next eight years to come.
Yakubu in an interview said, “Across the entire LPG value chain in the country, we are projecting a $10 billion growth, but it has to be built safely because of safety matters, every single life matters in the LPG sector.”
According to him, he said that there are a few terminals that are matured and I believe they’ll be opening doors to the public anytime soon. He assured that there will be more activities and more terminals to take the pressure away from Apapa.
He also said that Nigeria will no longer experience scarcity of Liquefied Petroleum Gas, LPG, also known as cooking gas, Nigerian Association of LPG Marketers, NALPGAM.
Mr. Nosa, President of NALPGAM, credited the efforts by the Federal Government, as well as the Nigerian Liquefied Natural Gas, NLNG, in ensuring that the proper infrastructure is put in place to tackle scarcity of the product.
Ogieva-Okunbor stated that the issue of scarcity in Nigeria is a thing of the past and that was a deliberate government policy that was put in place adding that it was due to a deliberate policy was put in place by NLNG to supply Nigerian market with more of their products.
Revealing that most times in December, that scarcity comes up but as at last year, because of the effort put in by NLNG, there was no scarcity and scarcity from all indications is a thing of the past in the LPG industry.
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