Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,165,117 members, 7,860,035 topics. Date: Friday, 14 June 2024 at 01:09 AM

FG Stops Ownership Of Gas Cylinders. - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / FG Stops Ownership Of Gas Cylinders. (317 Views)

Ownership Of Oil Palm Giant, Presco Returns To Nigeria After 33-Years / FG Stops Export Of Cooking Gas To Reduce Price / Sanlam Takes Full Ownership Of FBN Insurance In Nigeria (2) (3) (4)

(1) (Reply)

FG Stops Ownership Of Gas Cylinders. by YOUcode: 2:46pm On May 22, 2019
The Federal Government is coming up with a policy that will remove the ownership of cooking gas cylinders from consumers.


FG stated that the government had reached an agreement with two original cylinder manufacturers to deliver 600,000 cylinders to Gas distributors on credit, with a pre-payment period of 18 months.



Speaking at a stakeholders’ forum in Abuja on Tuesday, the Senior Technical Assistant to the Minister of State for Petroleum Resources on Downstream and Infrastructure, Brenda Ataga , noted that the planned policy on gas cylinders would require that the ownership of the Gas cylinders “rests strictly on the dealers and distributors.”



She noted that aside from deepening the penetration and usage of LPG across the country, the policy would also address issues of safety. She said the Federal Government would soon commence a clampdown on roadside Gas dealers and urged operators to immediately convert their outlets to micro distribution centres before the beginning of the enforcement.



“This move will create and introduce into the market what we call the cylinder exchange programme, whereby the cylinders are owned by the distributors,” Ataga said. She told operators, “There is no need for you to decant for anybody that comes in, and that eliminates illegal risks as well. You would fill them at the refill plants that would be tied to you and exchange it with your customers because you know your customers already. “Your customers pay for only the content, while you own the cylinders and control the management of those cylinders.”
Re: FG Stops Ownership Of Gas Cylinders. by Nobody: 2:51pm On May 22, 2019
I even thought they wanted to lay gas lines to people’s houses.

Misplaced priorities everywhere

2 Likes

Re: FG Stops Ownership Of Gas Cylinders. by olayinks007(m): 3:00pm On May 22, 2019
mrAMG2:
I even thought they wanted to lay gas lines to people’s houses.

Misplaced priorities everywhere

I tire ooo. Craze dey their head. Old dullards evry whr.

(1) (Reply)

Solar Power Bank, Charges Your Phones, Powers 2 Electric Bulbs,plays Music... / Global Trade Data: Detailed Analysis Of Globally Traded Goods / Buhari Directs CBN To Blacklist Palm Oil-importing Firms

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 14
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.