Saturday, February 27African Business News
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Tag: Abdulkadir Saidu

Nigeria’s cooking gas target wobbles as consumption hovers at 1mmt

Nigeria’s cooking gas target wobbles as consumption hovers at 1mmt

Oil & Gas
Although Nigeria has set a target to increase domestic Liquefied Petroleum Gas (LPG) consumption of five million metric tonnes (mmt) by 2021, only one million tonnes of the product was consumed in the country last year. The Federal Government had earlier in the year put the nation’s total gas reserves at 203.16 trillion cubic feet (TCF), a marginal increase of 1.16tcf or 0.57 per cent from the 202tcf recorded in 2019. Despite the huge resources, domestic consumption remain dismal. In the absence of gas, most Nigerians usually resort to firewood, a development that has continued to fuel deforestation and threaten the country’s aspiration of transiting to cleaner fuel. The Petroleum Products Pricing Regulatory Agency (PPPRA) said Tuesday in Abuja that Nigeria consumed about one ...