₦airaland Forum

By BusinessNews Staff
Nigerian firms pay about 200 per cent more for gas to power their o

perations than importers of the product and manufacturers using gas in other countries, an investigation by SUNDAY PUNCH has shown.


Specifically, local manufacturers say they pay $7.38 for 1000 standard cubic feet of gas while the product sells for less than $3 outside Nigeria.

It was learnt that those importing the product from Nigeria were paying $3 including the cost of freight and other charges.
About 100 firms affected by the situation have cried out to the government to prevail on the gas firms to reduce the cost and save their companies from going under.

The President, Manufacturers Association of Nigeria, Dr. Frank Jacobs, confirmed this, adding that the association was in the process of hiring consultants to advise manufacturers on how best to engage the government on the pricing.

Read more@http://www.nairausd.com/2016/06/local-firms-pay-more-for-gas-than.html?m=1

This country is messed up... . Anything above #500 for a 12.5 cylinder of gas is over paying

The gas sector in this country is messed up.. ... we are coming for it sha....

ifyan:
By BusinessNews Staff
Nigerian firms pay about 200 per cent more for gas to power their o

perations than importers of the product and manufacturers using gas in other countries, an investigation by SUNDAY PUNCH has shown.


Specifically, local manufacturers say they pay $7.38 for 1000 standard cubic feet of gas while the product sells for less than $3 outside Nigeria.

It was learnt that those importing the product from Nigeria were paying $3 including the cost of freight and other charges.
About 100 firms affected by the situation have cried out to the government to prevail on the gas firms to reduce the cost and save their companies from going under.

The President, Manufacturers Association of Nigeria, Dr. Frank Jacobs, confirmed this, adding that the association was in the process of hiring consultants to advise manufacturers on how best to engage the government on the pricing.

Read more@http://www.nairausd.com/2016/06/local-firms-pay-more-for-gas-than.html?m=1

This is so coming from the so called Giant of Africa

Charpell:
This is so coming from the so called Giant of Africa

Are you surprised.