Sanwo-Olu blames Buhari administration’s policies for hike in cooking gas prices

The Governor of Lagos State, Sanwo-Olu has said that the policies of President Buhari’s administration are responsible for the hike in the prices of gas in the country. Information Guide Nigeria

According to ICIR, the governor said this during the commissioning of a gas plant built by IBILE Oil and Gas Corporation (IOGC), a state-owned energy firm, in Igbogbo-Baiyeku Local Council Development Area (LCDA) on Friday.

ICIR reports that while the Governor described the hike in the cost of cooking gas across the country as unacceptable, he blamed the development on high foreign exchange rate and the introduction of 7.5 per cent value-added tax (VAT) by the Federal Government.

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Governor Sanwo-Olu lamented that the increment in Liquified Petroleum Gas (LPG) price put Nigeria at the risk of reversing all gains achieved from awareness on the advantages of using LPG for domestic cooking.

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Sanwo-Olu called on President Buhari administration to reverse the trend to make the commodity affordable while also increasing the availability of safe cooking gas in the country.

“Not only are we excited with our modest intervention by Lagos in the LPG market, it is only when we reduce the cost of basic commodities such as cooking gas that the true dividends of democracy can be felt by the people.

“We have done a lot of advocacy for people to appreciate the benefit that comes with the use of gas for domestic cooking, such as reduction in carbon footprint and improved quality of life. If we have made this great effort, the least the Federal Government can do is not to make the commodity unaffordable for the populace.”

ICIR reports that Sanwo-Olu said the commissioning of the 40 metric tons LPG Refill Plant would create an alternative gas market for residents, thereby crashing the cost of cooking gas in the state. Jamb Result

Recall that the Minister of State for Petroleum Resources, Timipre Sylva told newsmen on Tuesday said that the government cannot regulate the price of the commodity because it had been deregulated.

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