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Kerosene subsidy took $1b, says Osinbajo

The Federal Government spent $1 billion on kerosene subsidy last year, the Vice President, Yemi Osinbajo, has said.

Osinbajo, who  spoke yesterday at the Domestic LPG Implementation Stakeholders Workshop in Abuja, organised by the Office of the Vice President, Ministry of Petroleum Resources and the Nigerian Liquefied Natural Gas (NLNG),  lamented the low usage of Liquefied Petroleum Gas (LPG) also known as cooking gas in the country.

He said although Nigeria’s total domestic LPG grew from a low of 50,000 metric tonnes per annum (MTPA) to approximately 400,000 MTPA last year due to NLNG’s intervention, Nigeria’s per capital consumption of 2.5 kilogrammes (KG) remained low compared to its peers in Africa.

“The low level of LPG consumption in Nigeria has resulted in heavy dependence on kerosene and firewood as primary domestic cooking fuels in majority of approximately 36 million Nigerian households,” he said.

 

The post Kerosene subsidy took $1b, says Osinbajo appeared first on The Nation Nigeria.

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