Okowa urges FG, stakeholders to ensure reduction in gas prices

Okowa urges FG, stakeholders to ensure reduction in gas prices

Gov. Ifeanyi Okowa of Delta has called on the Federal Government as well as relevant policymakers to initiate steps towards reducing the rising cost of Liquefied Petroleum Gas (LPG) in the country.

The governor made the call at a two-day LPG sensitisation and also awareness campaign organised by the National LPG Expansion Implementation Plan, Office of the Vice President in conjunction with the State Government on Monday, November 22, in Asaba.

He said that the theme of the campaign “Stimulating Delta State Socioeconomic Growth Through LPG Adoption And Expansion” was apt as the world moved towards greener sources of energy.

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This, according to him, is because of the adverse effects of fossil fuel on the environment.

Okowa, represented by his Chief Economic Adviser, Dr Kingsley Emu, said stakeholders must work to reduce the rising cost of LPG; if the objective of the National LPG Expansion plan was to be realised.

He thanked the Office of the Vice President for choosing Delta; as one of the pilot states for the public enlightenment campaign.

“Just recently, world leaders gathered in Glasgow, Ireland, in a Summit (COP-26); to discuss the adverse effects of climate change occasioned by the use of fossil fuels and the need to move towards cleaner energy.

“This makes the adoption of LPG as a transition fuel to greener sources exigent; and Delta State is keen to play a vital role in this process; and will give this awareness programme maximum support,” he said.

Okowa said that Delta was home to 40 per cent of the nation’s natural gas endowments; hence a large number of oil and gas companies operate in the state.

He said that there were prospects for the establishment of gas processing plants as well as gas-related industries in the state.

This, the governor said, had implications for employment generation; inclusive economic growth and sustainable development.

“However, as we adopt LPG as the fuel to drive the socio-economic activities of the economy; we must acknowledge a big challenge currently confronting the populace; the issue of the high price of LPG in the market.

“At the rate, the price is skyrocketing; LPG is gradually getting out of the reach of the middle class and common man.

“The price increase has been linked to several factors including the VAT re-introduction; devaluation of the naira and large importation of LPG vis-a-vis low production locally.

“It is imperative that policymakers find a way to mitigate this upward trend; in the price of LPG to give succour to our people; and if the goal of the LPG expansion plan is to be realised,” he said.

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