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Tuesday, 14 September 2021

Major Oil Marketers Association of Nigeria (MOMAN), is excited over Federal Government’s desire to boost nationwide usage of gas in the country.

The marketers said the initiative was commendable and should be supported by Nigerians with a view to deepening consumption of gas in Nigeria. 

Olumide Adeosun, Chairman of the association, made this position at a virtual press brief in Lagos to announce him as the new helmsman of MOMAN. 

He expressed concern over the current increase in the price of cooking gas in Nigeria 

To him, the increase in the price of LPG is a global concern, adding that Nigeria does not produce sufficient LPG, hence the spike in the price of the product in the domestic market. 

He spoke on fuel subsidy, saying are currently in talks with the Federal on how best to administer fuel subsidy in the country. 

He added that suggestion for removal of subsidy has been given to the government, and they will ensure proper implementation in a bid to safeguard downstream operations. 

He said: “The benefits to expanding our collective capacity in retailing gas extend beyond immediate additions to our bottom-line, as the impact on our environment, our communities, and the larger economy make for a better future for us all. 

“We must adapt and evolve to prevent working wide-eyed into extinction. The gains to be had from operating in a PIA reality must be channelled towards pivoting the way we operate. This is the only way we can remain globally competitive.” 

About IWIN

The Independent Energy Watch Initiative (I-WIN), an enterprise of Energy ConServ and the Roundtable for the Growth and Development of Power (RODEP), is an online/web based power sector portal that strives to engage stakeholders and the Nigerian public on topical issues in the power sector.

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