Federal Government Seeks to Boost Domestic Cooking Gas Supply, Lower Prices by Banning Exports

• The Federal Government plans to ban exporting cooking gas to increase domestic supply and lower prices; producers like Mobil, Shell, and Chevron told to stop exports • Nigeria's cooking gas consumption growing quickly - targeted to reach 5 million metric tonnes by 2029 • Cost of refilling 12.5kg cylinder now around N18,000, up from under N9,000 in November 2022 • Government removed taxes/levies on importing gas equipment but prices haven't dropped much yet as investors seek profits • Meeting held with industry stakeholders to discuss solutions like trading gas in Naira instead of dollars to tackle sector issues