In a surprising twist that left customers dazed, the price of liquified natural gas (LPG) has crashed in Lagos, Abuja and parts of Nigerian cities.
Major LPG depots, surveyed by Legit.ng, disclosed that the price of the commodity crashed following the removal of import duty on accessories by the Nigerian government and the strengthening of the naira.
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The current crash has been attributed to import waivers by the Nigerian government and the naira’s resurgence.
“Most of the LPG consumed in Nigeria is imported, hence the need for the government to incentivise importers by introducing waivers on LPG accessories,” policy analyst and Team Lead at Platforms Africa, Adeola Yusuf, stated.….KINDLY READ THE FULL STORY HERE▶
