L
LequteMan
Guest
According to Nigeria's Minister of National Planning, Abubakar Sulaiman, Nigeria can generate about $10.38 billion (N1.7 trillion), if 50 per cent of current kerosene users switch over to Liquefied Petroleum Gas, LPG by 2018.
He spoke at the inauguration of the Inter- Ministerial Committee on Kerosene to Gas Initiative in Nigeria on Thursday,which is expected to discuss the possibility of replicating the Indonesian model of kerosene to LP Gas in Nigeria.
"Without doubt a vibrant LPG market in Nigeria will create a ripple effect that will translate into employment generation for the people, revenue generation for government, more demand for cylinders at all levels in the market, more business for SMEs, environment benefits as well as carbon credit earnings” He said.
“Globally, it is a well known fact that domestic LP Gas is a well accepted and long established source of energy for cooking but unfortunately it is still among the least used in the Nigeria’s household energy mix’’.
The Minister also added that, Nigeria has a proven reserve of 180 tcf of Natural Gas and is ranked 8th among countries with the largest proven Natural Gas deposits in the world, producing an average of 3.2 Million Metric Tonnes of LP Gas annually.
#Nigeria
He spoke at the inauguration of the Inter- Ministerial Committee on Kerosene to Gas Initiative in Nigeria on Thursday,which is expected to discuss the possibility of replicating the Indonesian model of kerosene to LP Gas in Nigeria.
"Without doubt a vibrant LPG market in Nigeria will create a ripple effect that will translate into employment generation for the people, revenue generation for government, more demand for cylinders at all levels in the market, more business for SMEs, environment benefits as well as carbon credit earnings” He said.
“Globally, it is a well known fact that domestic LP Gas is a well accepted and long established source of energy for cooking but unfortunately it is still among the least used in the Nigeria’s household energy mix’’.
The Minister also added that, Nigeria has a proven reserve of 180 tcf of Natural Gas and is ranked 8th among countries with the largest proven Natural Gas deposits in the world, producing an average of 3.2 Million Metric Tonnes of LP Gas annually.
#Nigeria
