Nigeria’s LPG sector to record $10 billion growth in 8 years
Lagos, April 24, 2018(Altafrika)-President of the Nigeria Liquefied Petroleum Gas Association, NLPGA, Mr. Nuhu Yakubu, has predicted the nation’s LPG sector to record $10 billion growth in the next eight years.
In an interview with newsmen in Lagos, Yakubu, said: “Across the entire LPG value chain in the country, we are projecting a $10 billion growth, but it has to be built safely because safety matters, every single life matters in the LPG sector.”
“There are a few terminals that are matured and I believe they’ll be opening doors to the public anytime soon. In 2018, I’m sure there will be more activities and more terminals to take the pressure away from Apapa.
“The Apapa congestion is a bit of a challenge so more terminals are coming up. Even if it wasn’t an issue of the logistics issue in Apapa alone, all the pressure in one axis of Nigeria alone wasn’t going to help anyway so more terminals needed and have been encouraged to come up.”
Nigeria will no longer experience scarcity of Liquefied Petroleum Gas, LPG, also known as cooking gas, Nigerian Association of LPG Marketers, NALPGAM, has stated.
“NLNG came in recently to remove the bottleneck we were having in Apapa, by increasing the jetties we have there. Before this time, when there is fuel scarcity in the country, priority is given to PMS. But as we speak, we have more jetties that LPG can come in to the country and is discharged to the storage facility we have in Lagos.
“That is why most times in December, you will discover that scarcity comes up. But last year because of the effort put in by NLNG, there was no scarcity and scarcity from all indications is a thing of the past in the LPG industry.”