Business

Return Cooking Gas Price To How You Met It In 2015, Group Tells Buhari

Published

4 years ago

January 8, 2022

Civil rights advocacy group, Human Rights Writers Association of Nigeria, has asked President Muhammadu Buhari to return the price of Liquefied Petroleum Gas popularly called cooking gas to how he met it in May 2015 when he assumed office.

National Coordinator of HURIWA, Emmanuel Onwubiko, made this known in a chat with The PUNCH on Saturday.

According to Onwubiko, Nigerians have nothing to jubilate or rejoice over about the recent marginal drop in the cost of cooking gas.

According to PUNCH findings, the price of 12.5kg LPG has dropped from N8,800 to between N8400 and N8200. In some outlets, the price of the commodity dropped to between N7,800 and N8,000 as of Thursday.

The product had increased by 240 per cent for 12.5kg, moving up from N3,000 to N10,200 within the first 10 months of 2021.

The development forced some LPG users to shift to charcoal or firewood, as consumers of the commodity raised the alarm over the persistent hike in its price.

The Programme Manager, National LPG Expansion Implementation Plan, Office of the Vice President, Dayo Adeshina, had said the Federal Government was putting measures in place to ensure further reduction in the cost of cooking gas.

Cooking Gas Depot Price drop
However, in a chat with our correspondent on Saturday, the HURIWA coordinator said the marginal reduction (less than N1,000) in the price of cooking gas is not substantial.

Onwubiko said, “The failure of the relevant governmental bodies to regulate the pricing of gas assets in Nigeria is a recipe for encouraging the ballooning poverty situations that we have witnessed since 2015 that President Muhammadu Buhari has operated economic policy frameworks devoid of progressive mechanisms.

“Government lacks the requisite political will, sincerity of purpose and commitments to do the needful to ensure that millions of homes in Nigeria are not subjected to economic ordeals just so they can get gas to power the preparations of their foods and other essential services domestically and otherwise.

“High costs of gas has led to the closure of many restaurants and small businesses thereby increasing unemployment rates in Nigeria. The high cost of gas has affected the green environment and this shows that this government is hypocritical when it mouths her readiness to take remedial steps to halt the consequences of climate change.

“All those international trips costing the taxpayers billions of naira by the President and retinue of ministers to attend climate change-related global summits without taking local steps to check unaffordable costs of gas resources in Nigeria is cosmetic and hypocritical.”

When asked whether it would be better for Buhari to return the price of cooking gas to what it was in 2015, Onwubiko said, “Yes, but this government is unrepentantly incompetent.”

“The government derives satisfaction in imposing outrageous and satanic economic policies on Nigerians. This is even why the government has decided to tax us more for drinking soft drinks even when wives of politically exposed officials buy champagnes and expensive wines at public costs for their own enjoyment in their cocoons,” he added

Business

Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Published

19 hours ago

May 4, 2026

Editor

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”

He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.

Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”

According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.

The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.

He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.

According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.

He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.

“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.

“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.

“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”

When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”

Business

JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Published

3 days ago

May 2, 2026

Editor

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.

Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.

This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.

Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.

According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.

However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.

This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.

Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.

Business

Dangote Refinery Hikes Petrol Price

Published

6 days ago

April 29, 2026

Editor

Dangote Refinery has increased the ex-depot price of petrol by N75.

The refinery announced the increase on Wednesday, hiking the the price from N1,200 to N1,275 per litre.
In the same way, coastal prices have gone up to N1,215 per litre.

This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.

DAILY POST reports that Brent crude has increased to $115 per barrel, while West Texas Intermediate rose to $103 per barrel on Wednesday.