Despite possessing the largest proven gas reserves in Africa, Nigeria is currently grappling with a severe shortage of Liquefied Petroleum Gas (LPG), which has led to a significant surge in retail prices and increased economic hardship for households and businesses.....KINDLY READ THE FULL STORY HERE▶

• • Supply vs. Demand Gap: While national LPG consumption has grown by 20%—rising to 1.8 million metric tonnes in 2026 from 1.5 million metric tonnes in 2023—domestic supply remains insufficient, estimated between 1.55 million and 1.65 million metric tonnes.

  • The Export Factor: Reports from the Nigerian Upstream Petroleum Regulatory Commission indicate that in the first two months of 2026, 62% of the nation’s gas output was exported, leaving only 38% available for domestic use. Producers often favor export markets due to the promise of higher returns and more stable foreign exchange earnings.

  • Escalating Costs: As a result of the supply-demand imbalance, retail prices for LPG have spiked to between ₦1,700 and ₦2,000 per kilogramme, up from an average of approximately ₦1,100 earlier this year. Data from the National Bureau of Statistics highlights that cooking gas prices have climbed by roughly 335% over the past decade, moving from ₦400 per kilogramme in 2016 to about ₦1,741 per kilogramme in 2026.

  • Underlying Challenges: Industry experts and stakeholders, including the Oil and Gas Service Providers Association of Nigeria, attribute these shortages to structural issues such as inadequate storage and processing infrastructure, pipeline vandalism, insecurity, regulatory hurdles, and foreign exchange volatility.

  • Impact on Citizens: The Nigerian Association of Liquefied Petroleum Gas Marketers reports that this situation is causing “untold hardship” for low-income families and small businesses, many of whom are being forced to abandon LPG in favor of firewood and charcoal.

  Looking Ahead

  Industry stakeholders remain cautious about the future, noting that infrastructure deficits and economic challenges are not easily fixed. Experts warn that without substantial investment in processing, storage, and distribution, gas shortages will likely persist despite Nigeria’s vast natural resource wealth.

APC chieftain Ismaeel Ahmed has cast doubt on the viability of a joint presidential ticket between Peter Obi and Rabiu Musa Kwankwaso, specifically concerning their performance in Kano State. In a TVC interview, Ahmed acknowledged Kwankwaso’s formidable political influence in Kano—citing his performance in the 2023 elections—but argued that Peter Obi lacks comparable grassroots appeal in the region. Ahmed suggested that if Obi were to head the ticket with Kwankwaso as his deputy, the pairing might struggle to resonate with Kano voters, who he believes would prefer Kwankwaso as the primary candidate. Ultimately, Ahmed concluded that despite Kwankwaso’s influence, the ticket would likely fail to outperform political heavyweights like Atiku Abubakar and Bola Tinubu in the state.....KINDLY READ THE FULL STORY HERE▶

Ismaeel Ahmed, an APC chieftain, recently analyzed how a potential Peter Obi and Rabiu Musa Kwankwaso alliance might fare in Kano State:

• Obi’s Limited Reach: Ahmed claims that while Peter Obi enjoys national popularity, he currently lacks significant support in Kano.

• Kwankwaso’s Influence: He recognized Kwankwaso’s strength in Kano, noting his 2023 performance of over one million votes as evidence of a lasting political base.

• Ticket Dynamics: The APC chieftain argued that a ticket with Obi at the top and Kwankwaso as the secondary candidate might alienate Kano voters, who would prioritize Kwankwaso leading the ticket.

• Competitive Outlook: Despite a potential alliance, Ahmed remains skeptical that the pair could secure enough votes to surpass Atiku Abubakar or Bola Tinubu.

• Changing Trends: Ahmed cautioned that past electoral success does not guarantee future results, noting that political dynamics in Kano may shift by the next election cycle.

The Oyo State Police Command has successfully rescued Busayo Adegoke John-Paul—the sister of former Minister of Power, Bayo Adelabu—along with her 12-year-old twin sons, following an intelligence-led operation. The victims were initially abducted early Wednesday morning in the Elewura-Challenge area of Ibadan South-West.....KINDLY READ THE FULL STORY HERE▶

Following the incident on June 3, police utilized technical intelligence and surveillance to locate the victims, who were being held in a three-bedroom bungalow in the Ayegun area of Oluyole Local Government Area. Commissioner of Police Oluwagbemiga Abimbola detailed the outcomes of the Saturday night rescue mission:

• Suspects: Four individuals were arrested, and two were killed during a shootout with security forces, while others managed to flee with gunshot wounds.

• Recovered Items: Authorities seized weapons, including a pump-action shotgun, from the hideout.

• Community Awareness: Commissioner Abimbola expressed concern that residents in the neighborhood failed to report the suspicious activity at the property, urging the public to embrace the “see something, say something” approach to improve security.

• Ongoing Investigation: While the police continue to track the remaining suspects and dismantle the kidnapping network, the motive behind the abduction—including potential political links—remains under investigation.

The government is currently reviewing the status of the property used by the kidnappers to determine its future.