Statement of the Week – Elder Chinedu Okoronkwo, IPMAN National President

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• Author: Muyiwa Ige(LPG Stakeholder and Consultant)

Elder Okoronkwo, made the statement below during a Channels Television’s Business Morning programme some weeks ago.

“I don’t know if you have seen what is trending this week where people with their I-pass-my- neighbor generators are beginning to use liquefied petroleum gas. LPG is close to N700 per kilogram, but this natural gas we are talking about is under N100 to N110. When you check what the impact will be, it will reduce the cost of food because people coming from the hinterlands bring food to the cities. From Kano, it takes them about N1.2 million to fuel trucks with diesel, but with this CNG, it will cost them about N150,000 to N200,000. About a million naira is saved that will translate to cheaper food and open up a lot of other businesses.

It will provide cheaper energy to drive the processing zones like the agro-based industries, where the gas will also create a lot of impact.”