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FG Mulls Measures To Reduce Gas Price, Availability
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2 years agoon
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Editor
The Federal Government says it will implement measures to significantly reduce the price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas.
It will also ensure the domestication and penetration of the LPG towards ensuring accessibility and availability for consumers across the country.
Mr Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), made this known at a Stakeholders’ Consultative Meeting on Tuesday in Abuja.
Ekpo said that prioritising the domestication and penetration of the LPG was one of the three priority areas of President Bola Tinubu-led administration.
He identified another area as intensifying efforts to increase upstream gas production to bridge supply and improve strategic economic sectors like Gas to Power, Gas-Based Industries (GBIs), and Gas for Export.
He said it would focus on the completion of major gas midstream infrastructure and projects, including the AKK Gas Pipeline Project, the OB3 Gas Pipeline Project and the ANOH Project.
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According to the minister, this will enable flagship projects like the Brass Methanol Project to enhance the efficiency and capacity of the gas sector.
“It is imperative that we work together to unlock more resources to provide gas for power, GBIs, LNG export, and domestic use.
“(This will) foster economic growth, ensure energy security and eradicate poverty, a cardinal objective of President Bola Tinubu’s Renewed Hope Agenda.
“Nigeria is positioned as one of the leading gas-rich countries in the world. We have, however, not unlocked the full potential of this valuable resource.
“This underperformance can be attributed to gas flaring, inadequate infrastructure, pricing concerns, policy and regulatory gaps, and limited funding.
“(It also include) environmental concerns, the growing urgency for a smooth energy transition as well as a lack of comprehensive gas development blueprint,’’ he said.
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The minister said that the government was committed to developing an adaptable roadmap that reflects collective intelligence.
He said that government would also learn collaboratively and act decisively to create an environment that fosters growth, innovation, and sustainable development.
Amb. Nicholas Ella, Permanent Secretary of the ministry, stated that the challenges and opportunities within the gas sector are vast, ranging from technological advancements to environmental considerations and economic implications.
“It is through open and transparent discussions like this that we can uncover synergies, address concerns, and collectively arrive at solutions that not only meet the needs of the present but also ensure a sustainable and prosperous future.”
Alhaji Abubakar Shettima, National President, Independent Petroleum Marketers Association of Nigeria (IPMAN), expressed readiness to collaborate with the government towards the actualisation of the Compressed Natural Gas (CNG) and LPG use.
“IPMAN has the highest number of retail outlets nationwide for LPG and that of CNG will increase through our full partnership in the gas programmes of the government.
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“Though the cost of LPG is a bit higher but when you compare with other sources of energy, LPG is still cheaper than kerosene. There is need to reduce the cost of petroleum products through the use of CNG,’’ he said.
Mr Osagie Okunbo, Chairman, Oil Producers Trade Section (OPTS), said it was looking forward to translate the gas framework on ground into reality in view of the abundant gas resources.
He added that it was being owed 1.3 billion dollars for gas that has been produced and sold in the past.
Okunbo said that this was a key issue in the gas discussion the meeting was having, urging that producers be encouraged through appropriate mechanism.
“The government should ensure that the price set for gas is such that will enable gas production.
“Gas price is due for review in April; we will be making our inputs known to the authority to make sure the price is cost reflective,’’ he said.
The News Agency of Nigeria (NAN) reports that the stakeholders’ engagement aimed at harnessing collective wisdom, experiences, and insights of key players in the private sector.
It is expected to produce constructive recommendations to resolve issues and chart the way forward for the industry.
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News
How Sound Sultan’s Death Affected My Music Career – Seyi Shay
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2 hours agoon
September 15, 2025By
Editor
Nigerian singer and songwriter, Seyi Shay has opened up about the impact of her mentor, Sound Sultan’s death on her career.
She revealed that after Sound Sultan passed away in 2021, she lost the zeal to continue music.
Shay further explained that she became pregnant with her daughter around the same period, which also encouraged her to embark on a break due to the “toxic” nature of the music industry.
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“During the filming of Nigerian Idol, my mentor, also my best friend, who is like a father figure to me, and also the person who brought me to the Nigerian music industry, died. He passed away; Sound Sultan,” Seyi Shay recalls in an interview with TVC.
“When I first came to Nigeria, I was living with him and his wife in FESTAC for a year. He was the one who co-signed me and introduced me to everybody in the industry to make sure that those who were his people look out for me.
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“So, when he passed away, it was really hard for me to complete the filming but I made it to the end. What hurt the most is that I didn’t get to see him before he passed away. I was supposed to fly to see him in New York that weekend when we had a break. He asked me to bring him something specifically. It just torn me apart. I felt like I didn’t have the will to continue to do music without Sound Sultan, my peace of mind, and my mental health. So, I decided to go on a little break.
“Also, during that period, I got pregnant and I told myself there’s no way I’m going to have my child in the toxic music industry that I’m in and under the scrutiny that I was constantly under. So, I just thought I should take a break.”
News
Ondo Govt Suspends Three Senior Officials Over Recruitment Scam
Published
2 hours agoon
September 15, 2025By
Editor
Ondo State Government has suspended three senior officials for their alleged involvement in a recruitment scam tied to the recent employment of teachers in the state.
The affected officials, two directors and a deputy director, were suspended on the directive of Governor Lucky Aiyedatiwa, pending the conclusion of an ongoing investigation into the job racketeering scandal.
Reports indicated that the officials allegedly collected between N500,000 and N700,000 from unsuspecting applicants, depending on their academic qualifications, in exchange for fraudulent appointment letters.
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The matter came to public attention after several individuals staged a protest over their exclusion from the ongoing biometric verification exercise for newly recruited teachers. Investigations later revealed that many of the protesters had presented forged appointment documents.
In a statement issued by the Governor’s Chief Press Secretary, Prince Ebenezer Adeniyan, the government clarified that the aggrieved protesters were not among the over 2,000 teachers legitimately recruited and already deployed across the state.
Adeniyan disclosed that internal investigations confirmed that the three officials at the State Universal Basic Education Board, SUBEB, had colluded with external collaborators to issue counterfeit appointment and posting letters to unsuspecting applicants in exchange for money.
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“The attention of Governor Lucky Aiyedatiwa has been drawn to reports of a protest by individuals claiming they were unjustly excluded from the SUBEB recruitment process.
“To be clear, those protesters were not genuine employees but victims of fraud who were issued fake letters after paying money to scammers. They were exposed during biometric verification and informed that their documents were invalid.
“Disciplinary action has already been taken against the three SUBEB insiders found to have conspired with outsiders in defrauding applicants,” Adeniyan stated.
News
Unjust To Demand More Tax From Nigerians Amid Waste, Corruption — Moghalu
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2 hours agoon
September 15, 2025By
Editor
Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described as unfair the demand for more taxes from Nigerians amid the profligacy and corruption by leaders.
Moghalu questioned how oil revenues and billions of dollars in borrowed funds had been spent, stressing that accountability must precede any fresh tax demands.
In a post on X on Sunday, the former CBN governor described Nigeria’s political class as “self-entitled elites” who lack transparency.
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While acknowledging that tax reforms are broadly in the right direction, Moghalu insisted that without addressing corruption and waste in governance, the burden on ordinary Nigerians would remain unjust.
He said: “The profligacy and corruption in what passes for governance in our country, Nigeria, makes it unfair to expect citizens to pay any additional taxes. While taxes are an important part of the social contract, the question must first be asked: what have the revenues from oil and the numerous loans we have borrowed been spent on?
“Accountability is a core principle of governance. It does not exist with our self-entitled political elites. While the tax reform laws are broadly in a good direction, the core questions of accountability and transparency must be addressed. They haven’t.”
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