The Federal Government has announced the reduction of the price of industry power gas from $2.50 to $2.18 with immediate effect. Gas to Power is measured in stanadard cubic and the initial price was $2.50 per scruf
Minister of State for Petroleum, Mr Timipre Sylva, who represented President Muhammadu Buhari at the 2021 Gas Sector Stakeholders (Ajaokuta-Kaduna-Kano, AKK Gas Pipeline Project) Forum held in Kano thanked the government for the reduction of gas prices.
ylva said that the government has already agreed to sell Industry Power Gas at the approved price of $2.18 instead of $2.50 which he said has been communicated to the relevant stakeholders for compliance.
Kyari said that some of the equipment has already been delivered to Nigeria from abroad adding that the AKK project when completed will provide about 1 million jobs.