Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity into Nigeria, a decision that is worsening the price surge nightmare for Nigerians. About 65 per cent of LPG is imported into Nigeria, while domestic production accounts for 35 per cent, hence the halt in imports could further shoot up cooking gas price if the situation is not addressed. Executive Secretary, Nigerian Association of Liquefied Petroleum Gas Marketers, Bassey Essien, said on Monday that the reintroduction of customs duty and Value Added Tax on imported LPG…
Read MoreTrouble as Marketers Embargo Cooking gas Imports, Worsen Price Nightmare
