…As stakeholders meet to address industry challenges
…Call emergency numbers at the right time, LASEMA urges residents
By Sodiq Adelakun
The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Olatunbosun Oladipo, has stressed the need for collaboration among stakeholders to address the challenges facing the LPG industry and promote sustainable energy growth in Nigeria.
He made this call during the National Conference 2024 in Lagos on Wednesday, where stakeholders gathered to discuss the future of the LPG industry and its potential for sustainable energy growth and economic development in Nigeria.
The theme of the conference, “Sustainable Energy Growth in Nigeria-LPG and the Future,”is set to explore unlocking LPG potential for sustainable energy growth and economic development in Nigeria, addressing challenges specific to the Nigerian market, exploring opportunities for growth and investment, and showcasing solutions for a more robust LPG industry in Nigeria.
The conference is marked to explore opportunities for growth and investment in the LPG industry, address challenges specific to the Nigerian market, and showcase solutions for a more robust LPG industry in Nigeria.
Oladipo noted that recent events in Nigeria have reshaped the Oil and Gas Industry, citing the enactment of the Petroleum Industry Act (PIA), indigenous investors entering the industry, foreign investors scaling down their operations, and incidents of missing and unaccounted crudes.
He emphasised that the time to meet and discuss the relevant issues reshaping the industry is now, adding that NALPGAM is organising the conference to bring together stakeholders to deliberate on the issues that would determine the future of the business.
The panellists noted that Nigeria’s LPG market is supplied by both local production and imports, with local production covering a significant share and imports bridging the supply gap.
They also highlighted the impact of different-sized transportation vessels and land-based trucks on LPG prices per metric ton, indicating economies of scale in logistics. Furthermore, the cost of LPG.
The President noted that recent events in Nigeria have reshaped the Oil and Gas Industry, citing the enactment of the Petroleum Industry Act (PIA), indigenous investors entering the industry, foreign investors scaling down their operations, and incidents of missing and unaccounted crudes.
“These are many issues plaguing the planning, and forecasting. Safety and regulations are becoming the Petroleum Industry today and are having implications for the future,” he said.
Also, The Permanent Secretary of the Lagos State Emergency Management Agency (LASEMA), Dr Oluwafemi Oke-Osanyitolu, has urged residents to call emergency numbers at the right time to prevent losses.
He emphasised that the government cannot act alone and can only assist those who call for help when needed.
“In Lagos, we have two-way radio, emergency numbers, a smart city. The emergency numbers to call are 767 and 112. The numbers are always active to come to your side,” Oke-Osanyitolu said.
He also appealed to the Nigerian Association of Liquefied Petroleum Gas Marketers to partner with the state government to link up with other respondents for effective running.
Oke-Osanyitolu stressed the importance of maintaining safety and disaster management to avoid emergencies. He encouraged residents to take responsibility and act promptly in emergencies.