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January 25, 2021
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NIGERIA
A minimum of $10 billion worth of investments is currently being injected in the energy sector to delist Nigeria from one of the most energy impoverished nations in the world. Speaking at the Atlantic Council Global Energy Forum 2021, Alhaji Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation, elaborated on the topic of “Delivering Energy Access in the Developing World”, emphasizing the value of Nigeria’s resources in increasing domestic access.
Kyari stated that the country will focus on using its oil and gas resources to develop infrastructure as long as the commodity remains relevant, which he approximated will be so for about 40 years. To this end, he noted that the country, with its significant gas reserves, has approximately $3 -
Abuja, Jan. 19, 2021 The Petroleum Products Pricing Regulatory Agency (PPPRA) says Nigeria’s domestic consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has exceeded one million Metric Tonnes (MT) in 2020.
The agency disclosed this in a statement signed by Abdulkadir Saidu, the Executive Secretary, PPPRA, in Abuja, on Tuesday.
He said the consumption rate made 2020 the first year in the nation’s history where LPG consumption had reached the one million MT threshold.
“Nigeria consumed 840,594.37 MT LPG in 2019, indicating an increase of 60.5 per cent over 635,452.061MT recorded in 2018.
“This steady and sustained pattern of growth culminating in the over one million metric tonnes of LPG domestic consumption milestone in 2020 has placed the country 1st in West Africa and one of the leading LPG consuming nations on the continent.