Tag: #FairPricing
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POWER SECTOR URGED TO ADOPT TARGETED SUBSIDIES TO PROTECT VULNERABLE NIGERIANS
Lamu Audu, Managing Director of Mainstream Energy Solutions and Board Member of Nigeria Independent System Operator, urged adoption of targeted electricity subsidies at the 5th Annual Power Correspondents Association conference in Abuja. He stressed that targeted subsidies protect vulnerable Nigerians while reducing harmful market distortions compared to blanket subsidies. Audu emphasized that balancing cost-reflective tariffs…
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FG ORDERS TOUGHER MONITORING OF LPG DEPOTS TO STOP HOARDING AMID PRICE SURGE
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to step up monitoring of Liquefied Petroleum Gas (LPG) depots to prevent hoarding following recent sharp price increases. Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, revealed that LPG prices have jumped from around N1,000–N1,100 per kg to as…
