/ Aug 15, 2026
/ Aug 15, 2026

FG orders gas import surge to ease cooking gas shortage

Published on

By

The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to step up engagement with gas producers and marketers to increase imports of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in response to rising prices and supply concerns.

 

According to a statement from the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, published by Channels Television, marketers have agreed to raise import volumes to support domestic supply and stabilise the market nationwide.

The minister said the recent price increases were driven by foreign exchange volatility, higher logistics costs, infrastructure limitations and global LPG price fluctuations. He added that these pressures reflect broader market conditions rather than policy failure.

The government also said regulatory measures remain in place to ensure locally produced LPG is prioritised for domestic use, while a new Seplat gas facility expected to begin deliveries in July is projected to strengthen supply.

Data from the National Bureau of Statistics showed that the average cost of refilling a 5kg cylinder rose from N7,655.73 in March to N8,706.93 in April, a 13.73 per cent increase. The price of a 12.5kg cylinder also climbed by 13.89 per cent month-on-month during the same period.

Officials say the combination of increased imports, domestic production prioritisation, and upcoming supply expansions is aimed at improving availability and stabilising prices in the coming months.

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Nasarawa State Governor Abdullahi Sule at the signing of a $2 million supplementary lithium agreement with Chinese investors in Abuja.

Governor Sule seals $2m Lithium deal with Chinese Firm

Nasarawa State Governor Abdullahi Sule has presided over the signing of a $2 million supplementary lithium agreement between the state government and Diamond New Energy, following his recent visit to China.   The agreement was signed at the Nasarawa State Governor’s Lodge in Abuja on Friday, August 14, 2026. Sule said the deal would help keep the company’s lithium processing factory operational while protecting jobs created by the investment. > “We are going to keep your factory functional, and we also have an interest as license owners in whatever you are doing in your company. More importantly, the people you have employed will remain employed,” the governor said. According to Channels Television, the governor said the state moved quickly to secure the relevant mining licence to ensure continued access to raw materials and prevent another party from obtaining the licence. The Commissioner for Environment and Natural Resources, Margaret Elayo, expressed appreciation to the investors and said the partnership could encourage further investment in Nasarawa. The signing was witnessed by officials from the state Ministry of Justice, Ministry of Environment and Natural Resources, the Nasarawa State Investment Development Agency (NASIDA), Diamond New Energy and Ganfeng Lithium Industry Limited. Sule also urged the company to maintain peaceful relations with host communities and contribute to their development. He disclosed that payments due to the state under the agreement would be made in foreign currency directly to Nasarawa Mining Company Limited, with the terms subject to periodic review. Agreement builds on 2024 mining deal NASIDA Managing Director and Chief Executive Officer Ibrahim Abdullahi said the state government had signed an exclusive mining cooperation agreement with the company in 2024. He said the partnership had contributed to the completion of what he described as the largest lithium processing refinery in West Africa. The supplementary agreement allows the continued supply of lithium materials from the state government’s mining block to serve as feedstock for the refinery. Abdullahi said the arrangement was expected to create further employment opportunities for young people and women in Nasarawa. He added that the state would receive $2 million immediately upon signing, with additional revenues expected under the agreement. A representative of Diamond New Energy, David Siong, said the company remained committed to expanding its operations in Nasarawa, including local processing of resources, job creation and supporting economic development in host communities. The Attorney-General and Commissioner for Justice, Isaac Danladi, also presented copies of a deed of assignment transferring the mining rights and interests of Nasarawa Mining Company within 3.5 mining cadastral units in Endo, Nasarawa Local Government Area, to Ganfeng Lithium Industry Limited.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.