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FG Stops Cooking Gas Exports To Tackle Soaring Prices

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The Federal Government has stopped the export of locally produced Liquefied Petroleum Gas, also known as cooking gas, to prioritise domestic supply.

The measure, announced by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on Tuesday, is intended to mitigate the soaring price of gas and will take effect from November 1, 2024.

This information was contained in a statement by the spokesman for the Minister, Louis Ibah, in Abuja.

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Ibah stated that the decision was reached after the minister convened a high-level meeting in Abuja with stakeholders to address the skyrocketing prices and their attendant hardship on Nigerians.

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The PUNCH reports that the price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023, around the time President Bola Tinubu assumed office, to N1,500/kg in October 2024.
This represents about a 114 per cent increase within 16 months.

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In a move to tackle the soaring price of cooking gas, the Minister established a high-level committee in November 2023, led by the Chief Executive of the NMDPRA, Mr Farouk Ahmed, along with key stakeholders in the LPG value chain.

However, despite this effort to address the issue, prices have continued to fluctuate, recently soaring to N1,500 from an average of N1,100–N1,250 per kg.

But the minister, in a new directive to reduce prices, outlined short-term and long-term targets.

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He said, “With effect from November 1, 2024, NNPCL and LPG producers are to stop exporting LPG produced in the country or import equivalent volumes of LPG exported at cost-reflective prices.”

In terms of the pricing framework, he directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority to meet with stakeholders to derive the pricing framework within 90 days.

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The statement added, “Pricing Framework: NMDPRA will engage stakeholders to create a domestic LPG pricing framework within 90 days, indexing price to the cost of in-country production, rather than the current practice of indexing against external markets, such as those in the Americas and Far East Asia, whereas the commodity is produced in-country and the Nigerian people are required to pay a much higher price for an essential commodity with which the country is naturally endowed.”

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Proffering a long-term solution, the statement noted that within 12 months, facilities will be developed to blend, store, and deliver LPG, ending exports until the market achieves sufficiency and price stability.

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The statement highlighted that the Minister expressed deep concern over the continuous increase in the price of Liquefied Petroleum Gas, popularly known as cooking gas, in the country.

Ekpo’s directives are a step towards addressing the inherent challenges and ensuring that Nigerians have access to affordable cooking gas.

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Group Commends COREN For Training Engineers In Engineering Failure, Forensic Investigation In Nigeria

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Foundation for the Development of Shira Community (FODESCO) in Shira Local Government Area of Bauchi state has commended the Council for the Regulation of Engineering in Nigeria (COREN) for conducting a pioneer training on Engineering Failure and Forensic Investigation (EFFI) for 50 licensed engineering practitioners across the country.

Engr. Shehu Wakili, the Chairman of the Foundation made the commendation in an interview with newsmen on Friday.

According to him, the training which was conducted by COREN in collaboration with the Nigerian Building and Road Research Institute (NBRRI) and the Chartered Institute of Forensic and Certified Fraud Investigators of Nigeria (CIFCFIN), was to equip engineers and professionals from academia, industry, and government MDAs with practical skills to investigate infrastructure failures and prevent recurring building collapses.

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He added that the training was also to build a pool of trained specialists who could investigate building collapses and other engineering failures, determine their root causes, and recommend measures to prevent recurrence, saying that the trainees would form part of a register of trained and certified forensic engineering investigators.

He further lauded COREN for the subsequent induction of its member, Engr. Abdullahi Muhammad MNSE, who among the 50 participants, hails from Bauchi state as a Chartered Engineering Forensic and Failure Investigator (CEFFI), certified by CIFCFIN.

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“FODESCO is proud of him and wishes him well in all his endeavours”, he prayed.

Wakili, also the Chairman, Nigerian Society of Engineers (NSE), Bauchi state chapter, revealed that the training covered failure analysis, forensic investigation methodologies, risk assessment, and professional reporting.

“This initiative supports broader efforts by COREN and the National Assembly to enforce stricter building codes, identify quackery, and ensure accountability across the construction sector,” he said.

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NBS: Lagos, Rivers, Enugu Top List As States Generated N5.15trn In 2025

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The National Bureau of Statistics (NBS) has disclosed that 36 states and the FCT generated a total of ₦5.15 trillion in 2025, indicating a growth rate of 40.93 percent from ₦3.65 trillion recorded in 2024.

NBS stated on Thursday citing the Nigeria Revenue Service ( NRS) as source of its information that Lagos emerged top on the list of states with the highest revenue generation in the sum of ₦1.77 trillion.

“Followed by Rivers state ₦428.42 billion and Enugu with IGR record of ₦406.77 billion in the period referenced.”

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The. Bureau said Yobe, Ebonyi and Sokoto states reported the least revenues with ₦16.01 billion, ₦17.18 billion and ₦20.48 billion, respectively.

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According to NBS, Pay As You Earn (PAYE) was the most tax revenue recorded during the period, valued at ₦2.64 trillion, representing 69.51 percent of the total tax revenue collected, while capital gains tax was the least with ₦12.40 billion while the share of total tax revenue to total IGR was 73.64 percent nationally.

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“Other states and their share of IGR are FCT – N356.34 billion, Ogun – N252.36 billion, Delta – N202.49 billion, Edo – N132.21 billion, Oyo – N103.25 billion and Kano – N102.26 billion.

“Ten other states in lowest category of IGR include Yobe – N16.01 billion, Ebonyi – N17.18 billion, Sokoto – N20.48 billion, Taraba – N28.16 billion ; Benue – N29.57 billion, Zamfara – N30.07 billion, Kebbi – N31.23 billion, Nasarawa – N32.57 billion, Adamawa – N33.76 billion andcBorno – N36.36 billion “.

READ ALSO: Nigeria’s Economy Grew By 3.13% In Q1 2025 — NBS

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NBS noted that the states generated their most and least revenue from taxes and other government sources. “PAYE was the dominant revenue source nationally, generating N2.64 trillion and accounting for 69.51% of total tax revenue for the year.

“Other sources included direct assessment, road taxes, stamp duties, withholding taxes and capital gains tax, which was the smallest contributor at N12.40 billion,” the Bureau stated.

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Osun Police Arrest Suspect In Emir Ajagungbade’s Murder Probe

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The Osun State Police Command has reportedly arrested Waliyi Adejare, popularly known as Jay Jay, at Oke Baale area of Osogbo, Osun State, as part of an investigation into the circumstances surrounding the murder of Lekan Oyeyemi, popularly known as Emir Ajagungbade.

Adejare was reportedly taken into police custody on Thursday. Sources familiar with the development described him as one of the suspects being investigated in connection with the killing, which occurred amid the crisis that has continued to trail activities around motor parks in Osun State.

However, the police have cautioned against conclusively linking the suspect to the murder at this stage, stressing that investigations into both his arrest and the killing are still ongoing.

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The Police Public Relations Officer in Osun State, Abiodun Ojelabi, who confirmed the arrest, said it was too early to establish whether Adejare was arrested specifically in connection with the murder of Emir.

READ ALSO: Osun Park Crisis: Gunshots Rock Osogbo As Emir Ajagungbade Shot Dead In Ile-Ife

Ojelabi said the command was still conducting a thorough investigation to establish the circumstances surrounding the suspect’s arrest and determine whether or not he had any connection with the killing.

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According to him, the police would make their findings public after the completion of the investigation, urging members of the public to await the outcome of the ongoing process rather than relying on unverified claims concerning the suspect.

Reliable information obtained on the development indicated that Adejare, also known as Jay Jay, was apprehended in the Oke Baale area of Osogbo during an operation by the police on Thursday.

READ ALSO: Osun: Jonathan Frowns At Govs, Others Converging On States During Off-cycle Elections

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Sources also alleged that Adejare had previously served in the Nigerian Navy before reportedly leaving the service and subsequently becoming associated with individuals suspected of criminal activities in Osogbo and its environs.

The latest arrest comes against the backdrop of heightened security attention following the killing of Emir, which triggered renewed concerns over violence and rival interests surrounding motor park operations in the state.

Following the incident, the state government announced measures affecting the activities of the National Union of Road Transport Workers, NURTW, while the police commenced investigations into the circumstances surrounding the killing and other developments arising from the crisis.

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