Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigerian govt to commence LPG penetration policy in June

    Nigerian govt to commence LPG penetration policy in June

    May 15, 2020
    Share
    Facebook Twitter LinkedIn WhatsApp
    *LPG or cooking gas refilling plant.

    *Plans to set up 32,000 MDCs, train 5,000 youths

    Ike Amos

    Lagos — Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, stated that the Liquefied Petroleum Gas (LPG) penetration policy, had been scheduled to commence June ending.

    Addressing newsmen in Abuja, Sylva stated that the COVID-19 pandemic had forced it to postpone the commencement twice, in April and May 2020.

    In the LPG policy, he said the government was planning to set up 32,000 micro distribution centres (MDC) for LPG, also known as cooking gas, across the country, and would see the engagement of 5,000 youths across the country in the fabrication of gas cylinders and in the management of the micro distribution centres.

    He added that the policy ensure that existing illegal roadside LPG dealers would also be inculcated in the programme.

    He said the LPG penetration programme would create a lot of jobs in the country and would encourage more Nigerians to use LPG.

    Furthermore, Sylva stated that the petroleum ministry had gotten approval from the Presidency for the award of marginal oilfields, which would certainly be conducted this year, as the process had already began.

    He added that a major oil bid rounds would be conducted on passage of the Petroleum Industry Bill (PIB).

    According to him, the PIB, when passed, is expected to address a number of critical issues, such as the fiscals, among other issues which had created uncertainty among investors.

    He added that work had been concluded on the PIB, and the petroleum ministry was on the verge of presenting the bill to the President and the Federal Executive Council (FEC) for approval, before presenting the bill to the National Assembly.

    Also speaking, Group Managing Director of the NNPC, Mallam Mele Kyari, stated that there was a gradual easing of the crude oil glut issue, as uncleared transactions were now being cleared.

    He also stated that the government was committed to the rehabilitation of the Port Harcourt refineries, noting, however, that the COVID-19 pandemic had stalled work on the project, as it had hindered the mobilization of manpower needed to undertake the rehabilitation.

    Follow us on twitter

    Related News

    Nigeria pushes intra-African gas trade agenda at AET conference

    LNG exporter Cheniere enters natural gas deal with Canadian Natural Resources

    Nigeria targets 12Bcf gas output, eyes top 10 global ranking by 2030

    E-book
    Resilience Exhibition

    Latest News

    TotalEnergies sells 12% Bonga oilfield stake to Shell for $510m

    May 29, 2025

    Port Harcourt Refinery host communities urge National Assembly to probe shutdown

    May 29, 2025

    Oil market volatile amid changes in supply and demand expectations

    May 29, 2025

    Nigeria pushes intra-African gas trade agenda at AET conference

    May 29, 2025

    Nigeria’s National Assembly backs steel sector revival

    May 29, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.