The Federal Government (FG) has restricted the export of locally generated liquefied petroleum gas (LPG), commonly referred to as cooking gas, to lower its selling price.
According to the FG, this is to take effect from the 1st of November 2024 and the main goal of the action is to lower the rapidly rising cost of gas in the nation
The Minister of State Petroleum Resources and Gas, Ekperikpe Ekpo who made this statement public stated that “It’s a Short-Term Solution: NNPCL and LPG producers are to halt exporting LPG produced in Nigeria, or may likely import equivalent volumes of LPG exported at cost-reflective prices from November 1”
To address the soaring costs and the resulting hardship on Nigerians, Ekpo called a gathering of stakeholders in Abuja, according to a statement from Minister Louis Iba's spokesperson.
He instructed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to organize stakeholder meetings in order to develop the pricing framework in less than ninety days. 
Meanwhile, he offered a long-term solution by stating that infrastructure to mix, store, and supply LPG will be built within a year, halting exports until the market reaches price stability and sufficiency.
