FG to roll out policy on LPG Penetration in June – Sylva

0 364

 The Minister of State for Petroleum Resources, Chief Timipre Sylva, said the Federal Government will roll out its policy on LPG in June.

Sylva said that FG’s policy on Liquefied Petroleum Gas (LPG), also known as Cooking Gas, is expected to be out towards the end of June 2020, to ensure its penetration across the country.

Sylva made the disclosure in Abuja on Thursday while briefing newsmen on the performance of the sector.

He said that government had planned to roll out the policy  around  the end of April 2020  but could not because of the coronavirus (COVID-19) pandemic.

“We had a roll out date in April ending, but because of the COVID-19, gathering was not possible; we have moved it to May ending, but we are not seeing the possibility of it going to happen.

“We have now considered to roll out in June ending. We are going to start, and a lot of jobs will be created through it, ” the minister said.

He said that under the policy, government planned  to set up 32,000 Micro Distribution Centres (MDC) for LPG across the country.

Sylva said that 5000 youths across the country would be trained in the business, especially in fabrication of the material, and would be given starter packs  to be able to sell the products.

According to him, some of the illegal retailers of the product will be incorporated in the programme to help in achieving the aim of penetration in all areas in the country.

He said that the programme would create a lot of jobs in the country and encourage more Nigerians to use LPG.

On acreages (oil wells),  Sylva said  that the petroleum ministry had got approval from the Presidency for the award of marginal oilfields.

“The oil well award will be conducted this year on the passage of the Petroleum Industry Bill (PIB).

“The Federal Government would conduct  major oil bid rounds, especially after issues surrounding the fiscals and other issues have been addressed,’’ he said.

Sylva said that work had been concluded on the PIB, and the petroleum ministry was on the verge of presenting it to the President and the Federal Executive Council (FEC) for approval.

He said it would, thereafter, be presented to the National Assembly.

Peace Obi with Agency Report


Get more news like this directly in your inbox

Leave A Reply

Your email address will not be published.

Enable Notifications    Ok No thanks