Dec 9, 2021

Mawazo Writing Africa

Writing about the main

FG Says It Has No Control Over Increasing Gas Prices Nationwide

  • Minister of State for Petroleum Resources Timipre Sylva has attributed the high prices for cooking gas to the removal of subsidies for the product
  • He said that the prices of the Product now being determined by the forces in the international market, and stated that the Nigerian government has no control over it.
  • Sylva gave this to State House correspondents after a meeting acquainted with President Muhammadu Buhari

Aso Rock – The federal government said on Tuesday, November 23rd that they has no control over the price of cooking gas because the product is completely deregulated in the country.

The Minister of State for Petroleum Resources, Timipre Sylva, gave the statement in a chat with correspondents in. from the presidential villa in Abuja.

However, he noted that President Muhammadu Buhari was concerned about the rise in the price of raw materials.

The leadership newspaper quoted the minister as saying:

“We have to understand that cooking gas is not subsidized. It is already a deregulated good. So the price of cooking gas is not set by the government or anyone in the industry. In fact, gas prices are set internationally.

“Mr. President is also very concerned. He is aware that the gas price is high in the market and we are doing everything we can to bring the gas price down, especially as the Christmas season approaches. ”

In the Meanwhile, one of the largest processors and distributors of gas in Nigeria, Chief Shina Luwoye, has said that the rising cost of cooking gas in Nigeria is being caused by dependence on imports and the introduction of 7.5 percent value added tax (VAT). .

The Nigerian Tribune reports that Luwoye added that other causes are the devaluation of the naira and the scarcity of incoming dollars.

Governor Ifeanyi Okowa asks FG to address rising cooking gas costs

Meanwhile, Senator Ifeanyi Okowa, the governor of Delta state, urged the federal government and relevant policymakers on Monday the 22nd to raise gas prices in the country.

He said:

“At the rate at which the price has skyrocketed, gasoline is gradually getting out of reach of the middle class and the common man. It is imperative that policymakers find a way to moderate this upward trend in prices in order to assist our people. ”

CAN laments the rising prices for cooking gas and electricity tariffs

In a similar development, the Christian Association of Nigeria (CAN) has complained that increases in electricity and cooking gas prices will worsen the plight of Nigerians.

The Christian body added that as the uncertainty grew, the citizens already had enough on their plate.

A communiqué by CAN Secretary General Joseph Daramola also urged the security authorities to act quickly To respond to emergency calls from Nigerians.