Importers, manufacturers, and distributors may face SON prosecution for substandard LPG cylinders

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 “From the findings, one of the inadequacies identified is sector-based pricing. The government’s decision to conclude that the easiest way to deliver gas to the market is by breaking industries into various sectors. “The problem, however, with this decision is that gas will only be provided to sectors that pay the most. “Investment is structured in a way that investors don’t get returns from their investments and this will discourage current and intending investors. The implication of this is that it will slow down development. There is the absence of formal consultation with the gas industry. This element is critical in ensuring that all stakeholders work collaboratively to achieve a common goal.” Suggestion In his submission, managing director, Lopacoil Limited, Lawrence Ijebor, had also said: “The goal of the FGN must be to release the industry from the shackles of pricing controls which have inhibited the growth of the industry in Nigeria. The government cannot afford to flinch in the task of deregulation as a result of the long-term consequences of price control in the sectors will subvert the rise of Nigeria in the 21st century. The net rise of the electricity tariff will be ameliorated by improving the transmission efficiency and metering coverage. “Policy changes will need to be proposed in enough time to engage all stakeholders and for legislative considerations. The price of gas leaving any processing plant into the National Transmission pipelines will be fixed at an ex-facility price without regard for its source. “Federal Government, with its partners (in the JVs and PSCs), will utilize the model already in place and established for the NLNG supply price to the domestic market. “The Grid will not include any pipeline connecting the Gas Field to the facility for processing gas or any pipeline used for the purposes of transporting “wet gas”. It will not include pipelines used for local distribution and for transfer to storage facilities.”

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