Industry stakeholders have warned that Nigeria’s ongoing power supply crisis will persist unless the Federal Government addresses mounting power sector debts, underinvestment in gas production, and deficient infrastructure.
They noted that the lack of a sustainable payment framework for gas suppliers is actively undermining power generation, while weak commercial agreements and inadequate transmission networks continue to stall efforts to boost electricity supply.
Speaking in Abuja at the sixth annual conference of the Power Correspondents Association of Nigeria, the experts highlighted structural and financial bottlenecks threatening the country’s ambition to build a $1 trillion economy by 2030 powered by reliable and affordable electricity.
These concerns coincide with renewed disruptions to the country’s power supply. On November 5, the Nigerian Independent System Operator attributed a decline in national grid generation—which resulted in reduced supply hours and increased load shedding—to lower water inflows at hydroelectric reservoirs and inadequate gas supply to thermal power stations.
In response, the Nigerian National Petroleum Company Limited maintained that its gas pipeline network remained fully operational, arguing that gas production, commercial supply contracts, and physical deliveries to power plants must be evaluated separately.
Addressing the conference, Bashiru Adoke, General Manager of Gas Commercial at the Nigerian National Petroleum Development Company, noted that while the gas-to-power challenge can be overcome, resolving it requires sustained investment alongside a reliable payment framework.
Cooking gas price hits N1,800/kg in Abuja, N1,650 in Lagos, Ogun
Meanwhile, Liquefied petroleum gas (LPG), commonly known as cooking gas, now sells for as much as N1,650 per kilogram (kg) in Lagos and Ogun states, and up to N1,800 per kg in Abuja.
According to TheCable, retail outlets across the country have raised their LPG prices. At Techno Oil stations in Festac, Lagos, the rate climbed from N1,450 to N1,650 per kg.
Similarly, NipCo outlets at First Gate and the Trade Fair Complex adjusted their prices upward from N1,280 to N1,480 per kg.
In Sagamu, Ogun State, the retail price at the Ecogas LPG refilling plant rose from N1,500 to N1,600 per kg.
In Abuja, it also reported that retail LPG prices climbed from N1,700 to N1,800 per kilogram, while NipCo retail stations sold the product at N1,650 per kg.
The retail price increase followed a 31.8 percent surge in depot rates within a single month, jumping from N1,100 to N1,450 per kilogram.
Read Also: Electricity tariff hike-Consumers fault Tinubu government over poor power supply
