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Minister:Nigeria To Generate N1.7trillion From Liquefied Petroleum Gas - Politics - Nairaland

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Minister:Nigeria To Generate N1.7trillion From Liquefied Petroleum Gas by chinyere162: 10:18am On Dec 19, 2014
Nigeria can generate up to $10.38 billion(N1.7 trillion), if 50 per cent of the current kerosene users in Nigeria switch over to Liquefied Petroleum Gas, LPG by 2018,says Minister of National Planning, Abubakar Sulaiman.

  He disclosed this while speaking at the inauguration of the Inter- Ministerial Committee on Kerosene to Gas Initiative in Nigeria: The Indonesian Model held in Abuja.

  He was represented at the inauguration by the Acting Secretary to the Commission, Bassey Akpanyung.

“ 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."

“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’’.

He also frowned at the use of firewood,sawdust and kerosene etc by many Nigerians despite the availability of LP Gas.He also revealed the components of LP and how safe it is.

“The LPG is a product of crude oil refining and natural gas production consisting of two hydro-carbon gases:propane and butane. LP Gas is clean, portable, efficient, convenient and safe when used appropriately. It has relatively low emissions and can be used virtually everywhere ranging from household, commercial, industrial and transportation energy applications”.

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