National LPG policy will unlock industry growth – NLPGA

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The Nigerian Liquefied Petroleum Gas Association (NLPGA) has said the national LPG policy will spur a revolution in the LPG industry, urging the Federal Government to ensure full implementation of the policy to the benefit of the country, The Punch reports.

The NLPGA also advised its members to tap into the over $10bn investment opportunities to be unlocked by the policy. It made this call during its annual CEOs’ breakfast meeting held recently in Lagos, where the LPG producers, marketers, financial institutions and other stakeholders brainstormed on the investment opportunities expected to be catalysed by the policy.

A statement by the organisation quoted the Executive Secretary, NLPGA, Mr. Joseph Eromosele, as saying that the overall goal of the LPG policy was to promote the wider use of the LPG in the domestic, power generation, auto gas and industries segments while increasing national consumption to five million metric tonnes in five years.