In a bold move set to shake up Nigeria’s domestic energy market, Africa’s richest man, Alhaji Aliko Dangote, has announced plans to significantly crash the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas.
Taking to the official X (formerly Twitter) handle of Nigerian Stories, the announcement revealed that Dangote has declared war on skyrocketing gas prices that have burdened millions of Nigerian households. According to the report, the business mogul is not only pushing for a drastic reduction in LPG prices but has also warned that the Dangote Group will commence direct sales of cooking gas to consumers if gas distributors refuse to cooperate in bringing prices down.
“We are committed to ensuring that Nigerians can afford basic energy for daily living,” Dangote reportedly stated. “If the middlemen won’t budge, we’ll eliminate them.”
The move comes amid growing frustration from Nigerians over the soaring cost of living, with cooking gas prices rising by over 60% in the past year. Dangote’s intervention could provide much-needed relief to households battling inflation and economic hardship.
Industry experts believe that if the Dangote Petroleum Refinery begins direct supply to end users, it will mark a significant disruption in the gas distribution chain and could set a new precedent in Nigeria’s energy retail sector.
Nigerians on social media have since flooded the comments section with praise, calling the billionaire’s action “timely,” “revolutionary,” and “a breath of fresh air” in the current economic climate.
As the nation waits to see whether gas distributors will yield or face direct competition from one of Africa’s most powerful conglomerates, one thing is clear — the days of unchecked cooking gas prices may soon be over.
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