Index to Nigerian Newspapers

The Nigeria Liquefied Petroleum Gas Association (NLPGA) has proposed an N800 billion federal government funding intervention to accelerate Autogas deployment in Nigeria. The intervention aims to cushion the impact of high energy costs exacerbated by petrol subsidy removal and boost the country's transition to cleaner, more sustainable energy sources. The LPG industry in Nigeria recorded an impressive turnover of over N1 trillion in 2022, thanks to aggressive policies by the federal government between 2007 and 2022. The conference, titled "LPG - Bridging the Energy Transition," will make recommendations for the government's Autogas policy and rollout in Nigeria. The proposed palliatives cover petrol vehicles, tricycles, petrol generators, vans, and lorries, with incentives ranging from N200,000 to N50,000 and a duty levy and VAT waiver for 36 months' window for vans and lorries. The government should also consider intervening urgently with necessary policies to set the foundation for the looming industry in the next two years.