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Posted by toluwalopesong
 - Nov 25, 2024, 09:37 AM
Cooking Gas Prices Soar, Placing it Beyond the Reach of Many Nigerians

The cost of cooking gas in Nigeria has surged by a staggering 58.68% year-on-year, according to recent reports. This steep increase has pushed the essential commodity beyond the financial reach of many households, exacerbating the country's energy crisis and forcing more Nigerians to revert to traditional cooking methods.

Market analysis reveals that the price hikes stem from a combination of factors, including a depreciating naira, high importation costs, and inadequate local production. Despite Nigeria's status as a gas-rich nation, the lack of functional infrastructure and reliance on imported liquefied petroleum gas (LPG) have fueled these unsustainable price levels.

The situation has serious implications for public health and environmental sustainability. The shift toward traditional cooking fuels such as firewood and charcoal not only exposes households to harmful emissions but also contributes to deforestation and climate change.

Experts are calling on the government to implement immediate interventions, such as providing subsidies, encouraging local production, and ensuring stable foreign exchange for gas importers. Expanding access to cooking gas is also crucial to achieving the country's energy transition and sustainability goals.

Addressing the soaring prices requires a multi-stakeholder approach, including policy reforms, infrastructure development, and increased investment in the domestic gas sector. Without these measures, the majority of Nigerians may continue to face hardship in accessing clean and efficient energy solutions.