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Shockwaves in Oil & Gas! Dangote’s LPG Price-Cut Plan Ignites Heated Clash with Marketers
The President of Dangote Group, Aliko Dangote, has unveiled plans to slash the soaring cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, across Nigeria.....KINDLY READ THE FULL STORY HERE▶
According to reports, Dangote warned that if distributors fail to cooperate in reducing prices, his refinery may bypass them and begin direct sales to end users—a move aimed at making LPG more affordable for ordinary Nigerians.
However, the announcement has unsettled many existing market operators, who fear it could be a step toward monopolising the LPG sector.
Speaking during a recent visit by members of the Lagos Business School CGEO Africa to his Lekki refinery, Dangote described the current price of cooking gas as prohibitive for most households, forcing many to rely on firewood or kerosene.
“We currently produce about 2,000 tonnes of LPG per day. Nigeria is gradually moving to LPG usage, but the price is high. We’re working to bring it down.
If distributors refuse to reduce prices, we will sell directly to consumers so people can shift from firewood or kerosene to LPG for cooking,” Dangote said.
He added that the refinery’s output of 22,000 tonnes of LPG daily could easily be scaled into the local market.
But not everyone is impressed. Several industry players warned that Dangote’s strategy could destabilise a market that has grown steadily over the years.
Godwin Okoduwa, former chairman of the LPG and Natural Gas Downstream Group at the Lagos Chamber of Commerce and Industry, described the move as monopolistic:
“The LPG industry in Nigeria grew from 70,000 metric tonnes in 2007 to over 1.3 million tonnes in 2022 through collaboration with government, NLNG, and private offtakers. Growth comes through collaboration, not monopoly.
Many players have invested resources to build this market. Dangote should respect that and work with the industry, not override it.”
He urged Dangote to expand the market through partnership rather than competition:
“Nigeria’s market is about 1.3 million tonnes, but it could reach 5 million tonnes. The pie can be bigger. Instead of squeezing existing players, let’s work together.”
Okoduwa even challenged Dangote to help develop LPG infrastructure in underserved regions:
“If he truly wants to help, let him go to the Northeast, where LPG consumption is lowest, and develop infrastructure there. That would be a real contribution.”
Bassey Essien, Executive Secretary of the Nigerian Association of Liquefied Petroleum Gas Marketers, also dismissed Dangote’s plan as unrealistic:
“It’s not practical. Look at PMS—has his refinery been able to sell petrol directly to consumers at a cheaper rate? LPG won’t be different.”
Dangote’s bold proposal has therefore set the stage for a heated debate—between those eager for lower cooking gas prices and industry veterans wary of what they see as a looming monopoly.
The 2026 Unified Tertiary Matriculation Examination (UTME) began nationwide on Thursday, with over 2.2 million candidates expected to participate across accredited centres.....KINDLY READ THE FULL STORY HERE▶
The exam, conducted by the Joint Admissions and Matriculation Board (JAMB), will run from April 16 to April 22 in multiple daily sessions.
JAMB Registrar, Prof. Is-haq Oloyede, urged examination officials to remain highly committed and professional, noting that the success of the exercise depends largely on their dedication.
He gave the charge during a virtual final briefing for technical officers ahead of the examination, where he also praised staff, ad hoc personnel, service providers, and technical advisers for their roles in the successful conduct of the mock exam.
Oloyede said many of the issues recorded during the mock exercise were due to poor assessment of centres by some technical officials.
He further stated that incentive packages would be awarded to teams that perform exceptionally, particularly in handling exam materials and submitting timely reports.
Reiterating JAMB’s zero-tolerance stance on malpractice, he warned candidates against bringing prohibited items into examination halls.
He also disclosed that biometric verification and real-time monitoring systems have been deployed to protect the integrity of the exercise.
Candidates whose biometrics cannot be verified, he added, will be rescheduled to write the exam at approved centres.
Meanwhile, a NAN correspondent monitoring proceedings at Aduvie International School, Jahi, reported that the first session scheduled for 8:30 a.m. began slightly behind schedule at about 8:40 a.m.
The Commissioner of Police for the Federal Capital Territory (FCT), CP Ahmed Muhammed Sanusi, on Thursday inspected security deployments at Joint Admissions and Matriculation Board (JAMB) Computer-Based Test (CBT) centres across Abuja.....KINDLY READ THE FULL STORY HERE▶
According to the FCT Police Command spokesperson, SP Josephine Adeh, the inspection is part of proactive measures to ensure a smooth, peaceful, and hitch-free conduct of the ongoing examinations.
The UTME is scheduled to run nationwide from April 16 to 18, 2026.
During the exercise, CP Sanusi assessed security arrangements put in place to safeguard candidates, examination officials, and CBT facilities.
He also engaged with centre supervisors, assuring them of adequate security presence throughout the examination period.
Adeh added that the CP reaffirmed the command’s commitment to maintaining law and order, warning that any attempt to disrupt the examinations would be met with decisive action in line with the law.
Over 700 former terrorists who have undergone deradicalisation and rehabilitation are set to be reintegrated into their communities.....KINDLY READ THE FULL STORY HERE▶
The Nigerian military has also dismissed reports alleging that beneficiaries of Operation Safe Corridor are being recruited into military institutions.
According to African Independent Television, the Coordinator of Operation Safe Corridor, Brigadier-General Yusuf Ali, made this known during a media tour of the Deradicalisation, Rehabilitation and Reintegration Centre in Gombe, North-East Nigeria.
He said many Nigerians still misunderstand the Federal Government’s structured counter-terrorism initiative, which is designed to restore peace in communities affected by insurgency.
Brigadier-General Ali explained that the programme focuses on rehabilitation and peaceful reintegration of repentant individuals into society.
During the tour, some of the participants also shared accounts of their involvement in offences that led to their admission into the programme.
The facility inspection was part of preparations for the graduation of over 700 clients who have completed the deradicalisation and rehabilitation process and are set for reintegration.
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