x

FG Reduces Gas To Power Price From $2.50 To $2.18

The Federal Government has announced the reduction of the price of gas to power from $2.50 to $2.18 with immediate effect.

Gas to power is measured in Standard cubic feet (scuf). It initially sold at $2.50 per scuf.

While declaring open the 2021 Gas Sector Stakeholders Forum organised by the Gas Aggregation Company of Nigeria (GACN) and the Nigerian National Petroleum Corporation (NNPC) for the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project holding in Kano, Minister of state for Petroleum Resources, Timipre Sylva, announced the price reduction, which he said was an offshoot of a negotiation between the federal government and the organised labour.

The minister said the forum is geared towards sensitizing the Northern part of Nigeria of the opportunities that will come with the revamping of moribund industries in Kano and other states in the corridor of the pipeline.

He noted that experts have estimated that it will take two-three years to revamp these industries to function at optimal level and this will come at the right time when the AKK project is delivered in 2023.

While speaking at the event also, the Minister of Power, Mamman Saleh, thanked the federal government for the reduction of the gas price.

Represented by Abba Aliyu, his Special Assistant on Policy, Saleh noted that the power sector uses more than 60% of the gas currently generated in the country to generate electricity and as such the price reduction will assist the federal government’s goal of delivering sustainable power for the country.

Hot this week

Eid-ul-Mawlid: Pray for Security, Peace of Our Nation, Bishop Adegbite Encourages Muslim Faithful

By Joyce Remi-Babayeju As Muslim faithful in Nigeria celebrate this...

Wike felicitations with FCT Muslim faithful on EID-EL-MAULUD

… Calls for Prayers for Mr. President By Joyce Remi-BabayejuThe...

El-Rufai Left Kaduna in Ruins, Says Middle Belt Forum Chairman

By Achadu Gabriel, Kaduna The Kaduna State chairman of the...

THE BEARING: Why Nigerians Must Register to Vote Ahead of 2027

Elections are often seen as beginning on voting day,...

 Gunmen kills one, abducts 3 passengers on Okene-Lokoja road.

By Noah Ocheni, Lokoja Gunmen suspected to be  kidnappers  killed...

Thunderstorm Disrupts 132kV Otukpo–Nsukka–New Haven Transmission Line

By Jabiru Hassan The Transmission Company of Nigeria (TCN) has...

 Gunmen kills one, abducts 3 passengers on Okene-Lokoja road.

By Noah Ocheni, Lokoja Gunmen suspected to be  kidnappers  killed...

Press Statement from the Office of the Speaker, House of Representatives

September 8, 2025 Tinubu working assiduously to engender responsible borrowing...

NDLEA seizes 66.3 kg Narcotics from Kano Airport – NOA

By Joyce Remi-Babayeju The National Orientation Agency, NOA, Director General,...

Insecurity: Northern Leaders Demand State of Emergency, Sack of Service Chiefs, Cabinet Reshuffle

By Achadu Gabriel, Kaduna As insecurity worsens across Northern Nigeria,...

Marafa, Adamawa APC Youths Pay Condolence Visit to Northeast Vice Chairman

By Idibia Gabriel, Kaduna Chairman of the Amalgamation of APC...

Nigerian-London Based Businessman, Andishu Hails Gov Otu’s Development Strides

By Idibia Gabriel, Kaduna London-based Nigerian businessman and philanthropist, Moses...

Ndigbo Leaders Seek Unity, Demand More Federal Projects, Back Anioma State

By Anne Azuka Igbo leaders and socio-cultural groups have called...
spot_img

Related Articles

Popular Categories

spot_imgspot_img