Nigeria Needs $7.5bn to Deepen Liquefied Petroleum Gas Usage

The African Refiners and Distributors Association says to displace charcoal with clean cooking gas, also known as Liquefied Petroleum Gas, would cost Nigeria and other countries in Africa about $7.5bn for downstream infrastructure and stoves. <br />It also stated that the continent remained the lowest in per capita consumption despite its huge abundance of gas, stressing that it was high time stakeholders came up with finance strategies and solutions to address the bottlenecks to clean cooking gas usage on the continent. <br />The Executive Secretary, of ARDA, Anibor Kragha, stated that while sub-Saharan Africa had 14.4 per cent of the world’s population, it had less than one per cent of global LPG consumption. <br />He, however, noted that LPG consumption in Africa had more than doubled since 2010, noting that the consumption recorded a 9.7 per cent annual growth rate over the past decade. <br />