The federal government yesterday convened an emergency stakeholders’ meeting on the rising price of cooking gas, stressing that key security agencies, including the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC) and the Nigeria Police Force, will be involved in tackling product diversion, hoarding, speculative storage and other market practices blamed for escalating prices.
At the meeting in Abuja, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the government remained committed to ensuring moderate cooking gas prices and improving access to cleaner energy for households, stressing that Nigeria’s gas resources must first serve domestic consumers.
The intervention came as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said it was putting plans in place to mitigate the projected supply shortfall of about 165,000 metric tonnes in the third quarter of 2026.
