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Oriental News Nigeria
Home»Energy»Oil & Gas»LPG Market To Generate A Million Jobs
Oil & Gas

LPG Market To Generate A Million Jobs

By orientalnewsngNovember 9, 2015No Comments2 Mins Read
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Yemisi Izuora
Nigerian LPG Association
The campaign to boost Liquefied Petroleum Gas (LPG) market will generate about one million jobs, says Nigeria LPG Association(NLPGA)

The country it said would gain about $10.38 billion if 50percent  of  its  population switch
to LPG otherwise called cooking gas  by 2018.

President of Nigeria LPG Association(NLPGA),Mr Dayo Adeshina who  spoke at the weekend in Lagos ahead of the association’s  annual conference expressed disappointment that a large section of the population still consume kerosene at the expense of cleaner fuels like cooking gas which can save  over  55 percent of Nigeria’s primary forest .

According to him,  between  500,000  and  1 million jobs can be created in the LPG value
chain, in the next 2 years if the kerosene to LPG switch program is implemented nationwide

He said over 400,000 lives would be saved from pollution related health issues through LPG promotion in Nigeria which would ensure  reduction in deforestation ,carbon emission into the atmosphere and increased tax Revenue for government at various levels

He added that the Federal government can claim carbon credits if the Fuel switching
program can be implemented on a massive scale nationwide,while  the  power peneration sector can also take advantage of the LPG fired generators and turbines.

He said the LPG sector in Nigeria  is still being challenged by factors such as massive inadequate supply of cooking gas equipment,insufficient number of jetties and few LPG inland storage facilities,which has stunted the consumption of the product in the country.

He also said the sector is affected   increase in price of LPG due to logistic issues,excessive import duties and VAT on LP Gas equipment, inadequate road and transport network facilities and cumbersome access to long-term funds for LPG project is cumbersome.

He said:’’ There is no major policy that encourages widely promoted green projects
(e.g. auto gas, power generation etc) using LPG in order to stimulate the rapid growth of the industry’’.

Adeshina advocated the need for national policy on LPG and the renewed efforts on the part of tiers of government in the country to promote the consumption of cooking gas in the country.

He said this year’s conference,with the theme, LPG: The  Future is Now!,would be used to draw government and other stakeholders attention to the prospects of the LPG  sector and the need to adequately tap same.

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