Post
Topic
Board Nigeria (Naija)
Re: Will the Prices of Cooking Gas Ever come down in Nigeria
by
Gormicsta
on 22/03/2024, 15:16:30 UTC
The rising price of cooking Gas in Nigeria has affected Nigerians Even as many Nigeria homes are now resulting in alternative fuel source. FG have taken various steps to reduce the high cost of cooking gas in Nigeria, it is also important to Note that since cooking gas is imported using The United States Dollars,Same will continue to increase if the Nigeria Naira continue to devalue.

If there are ways to lower the price of cooking gas, but the government lacks the political will to put them into practice, then those ways won't cut it. And that presents a significant challenge because the government must weigh a wide range of conflicting interests and priorities. In order to make cooking gas more accessible and inexpensive, the government should also consider lowering or eliminating import tariffs on the fuel. Enhancing the nation's trade balance by lowering imports and raising exports would help the Naira's value, which is one of the factors contributing to the exorbitant price of cooking gas. This is something the government could do to assist.