latest
Price Of Cooking Gas Expected To Drop Across Nigeria
Price Of Cooking Gas Expected To Drop Across Nigeria
The price of liquefied petroleum gas (LPG), commonly known as cooking gas, is significantly decreasing, providing much-needed relief to consumers in several states, including Ogun, Lagos, and Oyo. Recent interactions with consumers revealed to Punch that the current average cost of 1 kilogram of cooking gas is around ₦1,000 or below, depending on the location and seller……CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
This decrease marks a stark contrast to the prices observed between February and March when the cost of LPG soared to around ₦1,300 per kilogram in some areas. According to the National Bureau of Statistics (NBS), the price of refilling a 12.5kg cylinder of cooking gas increased by 46.88% over one year, reaching ₦15,060.38 in February 2024 compared to ₦10,253.39 in February 2023. The NBS further noted that the average retail price for refilling a 12.5kg cylinder of LPG rose by 28.33% within just one month—from ₦11,735.72 in January 2024 to ₦15,060.38 in February 2024.
Among the states, Ogun recorded the highest average retail price at ₦16,375, closely followed by Delta at ₦16,333, and Edo at ₦16,321. However, recent checks indicate that prices are gradually decreasing nationwide, which some attribute to the rebound of the naira in April from about ₦1,900 per dollar to about ₦1,500 currently.
While the Federal Government has committed to taking further measures to reduce the domestic price of LPG, industry operators express concerns that prices may rise again. Speaking to Punch, Adedokun Ojo, a resident of Abule Egba in Lagos, reported purchasing 1kg of LPG at ₦940 at a local Mobil station. “LPG is now ₦940 per kg. I still bought it yesterday evening at Mobil in Abule Egba,” Ojo said.
Similarly, Uzor Nneka, a resident of Enugu, disclosed that she got a kilogram of gas for ₦1,000 at the Romchi plant in Enugu. Jonathan Igbowu, a resident of the Idiroko border community of Ogun State, revealed, “1kg of cooking gas used to be ₦1,300 before, but now it is ₦1,050. The price is coming down.”
It was observed that prices differ in Idiroko based on the seller. Nojim Ajani stated that 1kg of LPG was ₦750 in the Aferiku area of the town recently. Mr. Ibrahim Ogunleye mentioned that the product sold for ₦1,200 in Offa, Kwara State, saying it used to be ₦1,400 some weeks ago. Similarly, Mr. Quadri Yusuf, who lives in Idi-Aba, Abeokuta, said the price of cooking gas is now ₦800/kg, down from ₦1,200 in April. However, Muraina Akintunde in Ayetoro regretted that LPG sellers now charge ₦1,200/kg in the area, stating that it used to be ₦1,400 until the last week of May. In Ilaro, Folake Ogunwemimo said a kilogram of LPG costs ₦1,100, while Kazim Ajose bought it for ₦970 at Sango-Ota, Ogun State.
Speaking on the development, the Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, credited the reduction in LPG prices to efforts by the Federal Government and relevant regulatory agencies to increase the volume of domestically produced cooking gas entering the local market. Ekpo, through his media aide Louis Ibah, emphasized that the domestication of LPG production has reduced dependence on imported LPG, mitigating costs associated with foreign exchange fluctuations. “The reduction in the price of LPG is due to efforts by the Federal Government, the Ministry of Petroleum Resources (Gas), and regulatory agencies to increase the volume of domestically produced LPG,” he said.
The minister assured that prices would continue to drop as more domestically produced LPG enters the market. However, the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) expressed concerns about a potential price surge. Bassey Essien, the Executive Secretary of NALPGAM, pointed out that the reduction due to the naira rebound might be temporary as gas is priced in dollars. Essien highlighted the need for the government to address local pricing of gas to ensure stability.
The National Vice-Chairman of the All Progressives Congress (APC) in the South-East, Dr Ijeomah Arodiogbu, has maintained that there is no constitutional provision preventing Imo State Governor, Hope Uzodimma, from contesting the Imo West senatorial seat in the 2027 elections while still serving as governor.....KINDLY READ THE FULL STORY HERE▶
News reports that Arodiogbu, who also serves as the South-East Co-Zonal Coordinator of the APC Presidential Campaign Council, made the clarification while responding to arguments questioning the governor’s eligibility.
He cited Section 183 of the 1999 Constitution, which states that “the Governor shall not, during the period when he holds office, hold any other executive office or paid employment in any capacity whatsoever.”
According to him, the provision only prohibits a sitting governor from occupying two offices simultaneously and does not prevent the person from seeking a party nomination, contesting or winning another election.
Arodiogbu also referenced Section 68(1)(f) of the Constitution, which requires a lawmaker to vacate his legislative seat upon assuming an executive position.
He argued that the provision recognises the possibility of moving between executive and legislative offices, provided the two positions are not held at the same time.
He said, “There is no constitutional impediment against Senator Hope Uzodinma’s aspiration. The Constitution does not require a sitting governor to resign merely because he desires to contest another election. What it forbids is dual occupancy of offices.
“Should he win the senatorial election, he would resign as Governor before taking the oath of office as a Senator. That is the clear position of the law.”
The APC chieftain further stated that appellate courts, in interpreting Sections 66, 107, 137, 182 and 183 of the Constitution, had held that resignation was only necessary when a candidate was about to assume a new office.
He added that no provision of the Electoral Act imposes a general restriction on a sitting governor seeking election into the Senate.
Arodiogbu also argued that Uzodimma’s tenure, which is expected to end in January 2028, does not constitute a legal obstacle, insisting that any transition would be carried out in accordance with the Constitution after the inauguration of the new National Assembly.
He said, “The law is clear, the Constitution is clear, and the judicial authorities support this position.
“Those peddling the contrary view are either deliberately misinterpreting the Constitution or attempting to create political distraction. Senator Hope Uzodinma remains free to pursue his legitimate political aspiration without any constitutional disability.”
He reaffirmed the APC’s support for Uzodimma as its candidate for the Imo West senatorial seat and urged party members to disregard what he described as speculative legal arguments.
Meanwhile, the Federal High Court in Abuja had, on October 29, ruled that former Imo State Governor, Rochas Okorocha, won the APC senatorial primary for the district.
The Imo State Government has indicated that it would appeal the judgment.
Human rights activist and chieftain of the Nigeria Democratic Congress (NDC), Aisha Yesufu, has vowed that the party will adopt a tougher approach ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
Yesufu declared that the NDC would be both refined and rugged, insisting that no group or individual had a “monopoly of madness.”
She warned that the party would not tolerate intimidation or attacks against its members, adding that supporters would stand their ground whenever they were threatened.
Naija News reports that she made the declaration on Thursday following an attack on NDC supporters ahead of the party’s town hall meeting at the Classic Event Centre in the Oregun area of Lagos State.
According to Yesufu, the political campaign was not solely about the party’s presidential candidate, Peter Obi, but belonged to everyone supporting the movement.
She said, “In 2023 we were refined, in 2027 we will be refined and rugged. Nobody has monopoly of madness and anybody wey say him dey crase we go send am go psychiatric hospital. We are not slaves, we are citizens. This campaign is not Peter Gregory Obi campaign, it is our campaign.”
Recall that the NDC town hall meeting in Oregun, Lagos State, turned violent after suspected political thugs invaded the venue and attacked party supporters.
According to The Cable, the attackers, who were armed with cutlasses, cudgels and stones, disrupted the event and forced participants to flee for safety.
Chairs and other items at the venue were reportedly scattered during the attack.
The incident allegedly left some supporters injured and several vehicles damaged. A journalist covering the event was also reportedly assaulted, while his recording equipment was taken.
The confrontation later spread to Kudirat Abiola Way, disrupting traffic before police operatives arrived and fired tear gas to disperse the crowd.
The Zamfara State Commissioner for Commerce, Tasiu Musa Shinkafi, has died at the age of 50.....KINDLY READ THE FULL STORY HERE▶
Shinkafi reportedly passed away on Wednesday in Kaduna State following a brief illness.
News reports that Governor Dauda Lawal announced the commissioner’s death in a statement issued through his spokesperson, Sulaiman Bala Idris.
Reacting to the development, Lawal expressed sadness over the loss, describing Shinkafi’s death as an irreparable loss to the state government and the people of Zamfara.
The governor noted that the late commissioner’s contributions to governance, politics and public service would remain memorable.
He said, “With heavy hearts and in total submission to the will of Almighty Allah (T), we received the shocking news of the passing of the Commissioner for Commerce, Tasiu Musa Shinkafi.
“Tasiu’s death is a great loss not only to his family and the state government, but also to the people of Zamfara.
“He will be remembered for his dedication, honesty, and commitment to Zamfara State.
“He served diligently as Commissioner for Youth and Sport before being redeployed to the Ministry of Commerce.
“As a valued member of my administration and a brother in service, his contributions to governance, politics, and public service will be remembered.
“May Almighty Allah forgive his shortcomings and give his family the strength to bear this great loss.”
-
latest1 year ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest3 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment3 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest3 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest3 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest3 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp