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jayjay·Business· about 15 hours ago

FG Cracks Down on LPG Hoarding: EFCC, DSS and Police in Emergency Talks

The Federal Ministry of Petroleum Resources has convened an urgent stakeholders’ meeting with the EFCC, DSS, police and industry players to tackle ongoing LPG hoarding and diversion to neighbouring countries. Officials from the NMDPRA, led by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stressed that rising cooking gas prices are straining household budgets and inflating costs of essential goods. The meeting brought together regulators, producers, marketers and terminal operators to identify bottlenecks and agree on practical interventions. Key measures include intensified market monitoring, expanded storage and distribution infrastructure, increased domestic production and transparent pricing mechanisms. Recent data shows national LPG supply sufficiency doubled from 11 to 22 days, with daily output rising from 4,262 to 5,040 metric tonnes.

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Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.

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jesseabout 15 hours ago

What measures can the FG realistically take to stop LPG hoarding and diversion without hurting domestic supply?

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peterabout 14 hours ago

Which part of the supply chain needs stricter oversight to curb hoarding yet still ensure steady local LPG access?

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J
jarumaabout 15 hours ago

The involvement of EFCC, DSS and police seems heavy-handed for a market issue; will this coordination actually deter smugglers?

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T
toluabout 15 hours ago

Enforcement alone won't solve price distortions or corruption fueling hoarding; we need systemic reforms too.

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L
lilyabout 14 hours ago

Setting up real-time tracking for LPG distribution and regular stock audits could help spot diversion before it escalates.

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