Second Coming Nigeria Limited, an Enugu-based Liquefied Petroleum Gas marketing company has slashed the price for its cooking gas from N960 to N672 per kilogramme,
The gesture is expected to benefit at least 4,000 residents in different part of Enugu state.
Basil Ogbuanu, the Chief Executive Officer of the company who made the change of price announcement on Wednesday, May, 29, 2024 said that the gesture was for two celebrations.
According to him, it is to celebrate Governor Peter Mbah’s one year anniversary and also his performance, Punch reports.
He said:
He also revealed that the price cut amounts to N20 million and can be access in its four branches scattered within the state.
In reaction, while declaring the reduction of prices of cooking gas open at the company’s plant in Abakpa-Nike on Wednesday, Gov Mbah said the gesture by Second Coming Nigeria Ltd was a testament to the striving business environment in Enugu State.
Mbah, who was represented by the Commissioner for Information and Communication, Aka Eze Aka, said:
In related news, TimesNow.com.ng reported that an expert provided insight into why government efforts are not working to bring down the price of cooking gas.
Speaking on the price changes, Dr Ayo Anthony, an economist, explained that it will take time for government policies to impact the economy.
Anthony said the issue of old gas stock contributed to the high cost of cooking gas despite the government’s policy to remove VAT from its importation.
Source: TimesNow.com.ng
