AfDB Provides Funding For Nigeria, 4 Others To Deepen LPG Market

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The African Development Bank(AfDB) has set up the SEFA-funded COP26 Rapid Response Facility to provide short-term, demand-driven advisory support to Nigeria,

The National Bureau of Statistics in its April 2023 report revealed that Nigerians paid N4,642.27 to refill a 5kg cylinder, representing a 22.15 per cent increase compared to April 2022’s price of N3,800.47.

These prices pose challenges for Nigerians already grappling with a 22.22 per cent inflation rate and limited resources, thereby hindering progress in achieving energy access and security in the country. Despite contributions from Nigeria’s Liquefied Natural Gas Limited , the country still relies on LPG imports, which fall short of meeting the demand. Until Nigeria can improve its infrastructure, this challenge is likely to persist, resulting in elevated LPG prices, which ultimately stem from policy and investment issues.

Nigeria, along with countries such as the Democratic Republic of Congo , Madagascar, Ethiopia, Tanzania, and Uganda, has a significant portion of its population lacking access to clean cooking facilities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines