The Federal Government has been
systematically reducing the importation of House Hold Kerosene ,HHK, in a bid
to increase domestic consumption of liquefied petroleum gas by various homes
across the country.
An analysis of the latest report on Petroleum Products Imports Statistics released by the National Bureau of Statistics showed that the volume of HHK imported into Nigeria between May and September this year dropped by 51.894 million litres.
Vice-President Yemi Osinbajo recently stated that Nigeria spent $1bn as subsidy on kerosene in 2015 and stressed that this was because of the massive dependence on kerosene and firewood by millions of households in the country.
He however, declared that the government had decided to unlock the domestic LPG value chain as this was one policy that the current administration was passionate about since Nigeria had one of the largest gas reserves in the world.
An analysis of the latest report on Petroleum Products Imports Statistics released by the National Bureau of Statistics showed that the volume of HHK imported into Nigeria between May and September this year dropped by 51.894 million litres.
Vice-President Yemi Osinbajo recently stated that Nigeria spent $1bn as subsidy on kerosene in 2015 and stressed that this was because of the massive dependence on kerosene and firewood by millions of households in the country.
He however, declared that the government had decided to unlock the domestic LPG value chain as this was one policy that the current administration was passionate about since Nigeria had one of the largest gas reserves in the world.
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