- LPG marketers target six million metric tonnes of annual supply under the Decade of Gas Initiative.
- Domestic output from Seplat and Dangote is expected to stabilise prices and boost access.
Nigeria’s LPG sector is entering a new growth phase. Marketers aim to raise annual supply to six million metric tonnes. This target supports the government’s Decade of Gas Initiative and promotes cleaner, more reliable energy nationwide.
At the association’s 38th Annual General Meeting in Abuja, the outgoing President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Oladapo Olatunbosun, reviewed the sector’s progress. He said LPG consumption rose from 900,000 tonnes four years ago to over two million in 2024.
He explained that the increase reflects rising private investment, stronger government collaboration, and growing public acceptance of gas as a domestic fuel. With sustained support from both government and investors, he believes the six-million-tonne goal is within reach.
In addition, Olatunbosun noted that partnership with the Federal Government under the Decade of Gas Initiative has boosted confidence in the market. He added that Nigeria could soon compete with Egypt and Morocco in local gas supply.
However, he stressed that affordability and access remain key challenges. Every household, he said, deserves affordable gas. He urged incoming leaders to focus on rural distribution and price stability.
Olatunbosun expects prices to fall as supply expands. He mentioned new gas output from Seplat Energy and higher production from the Dangote Refinery as major contributors. Fresh investments in storage and distribution infrastructure should also ease supply pressures.
Although maintenance work and temporary shortages caused recent price hikes, he assured stability would return as local output increased.
He called on operators to use advanced technology to detect leaks, curb theft, and improve monitoring. Innovation, he emphasised, is essential for safety and efficiency.
During his tenure, Olatunbosun described the last four years as a time of resilience and achievement. He thanked members for their unity and urged the new executives to build on progress through steady advocacy and fresh investment.
As Nigeria’s population grows, he concludes that its LPG sector must expand its processing capacity and infrastructure to ensure long-term energy security.