Onuesoke Urges Governors to Invest in LPG for Growth

Chief Sunny Onuesoke, chairman of Energy Service Limited, called on state governors across Nigeria to invest in Liquefied Petroleum Gas (LPG) to enhance energy access, create employment opportunities, and bolster local economies. Speaking to journalists in Warri, Onuesoke noted the increasing demand for cleaner and affordable energy sources, emphasizing that LPG is a strategic sector requiring state government support and infrastructure development.

He pointed out that LPG prices surged from approximately N1,100 per kilogram in early May to N2,400 in several locations nationwide, forcing families to abandon cooking gas in favor of cheaper alternatives like firewood and charcoal. This shift poses serious environmental challenges, including deforestation and increased greenhouse gas emissions.

Onuesoke warned that if immediate action is not taken, the current crisis could lead to broader consequences, including food inflation and job losses in the LPG retail sector. He urged governors to encourage LPG projects and develop distribution networks to stabilize prices and create new economic opportunities.