The Federal Government is considering a scheme to pay for the transportation of gas as part of an effort to encourage the use of cooking gas in homes across the country.
The Executive Secretary of the Petroleum Equalisation Fund, Ahmed Bobboi who disclosed this in Abuja on Sunday said bridging or equalization for the transportation gas will leverage on existing infrastructure used for paying for the transportation of petrol across the country.
The bridging scheme for gas is to ensure its affordability and accessibility across the country, as well as the addition of value to the economy in many ways.
Bobboi also urged oil marketers to start moving Premium Motor Spirit, otherwise known as petrol, through the expanding rail network across the country.
“If it is working well for petrol, we said well government wants to promote the use of gas if we can extend that scheme to gas we believe that it will add value to the economy in so many ways in the value chain.
“It will help in getting the consumers in those areas to accept the usage of gas and abandon the age-long use of firewood in cooking with its attendant problems and challenges including health hazards and deforestation which causes a lot of problems in the country.
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“It will also make the product available because we have it in abundance in the country. It also makes it affordable to the people because if you incentives the marketer by paying for his transportation to take it to the last mile, the consumer will also be incentives because the marketer will bring down his price so that it will be affordable and accessible to consumer”, Bobboi explained.
The PEF boss said that consumers would also get some incentives as the gas marketer would bring down his price and the product would be affordable and accessible to the consumer.
The Petroleum Equalization Fund is an agency of the Federal Government under the Federal Ministry of Petroleum Resources whose mandate is to ensure uniform prices for petroleum products across the country.
The fund also ensures the reimbursement of petroleum companies on any loss in Nigeria arising from the distribution of petroleum products nationwide.
