During the 36th annual general meeting/conference of the association in Ibadan, Oyo State, NALPGAM National President Abideen Olatunbosun stated that if immediate action is not taken to curb the rising prices, gas could soon become a luxury only affordable to the wealthy.

Olatunbosun stated, “It is very vital for me to say that the galloping hike in the price of gas in recent times stands as a big challenge to LPG marketers. The government needs to find ways to ensure the stability of gas prices as well as make gas available to the common Nigerians. If nothing is done to the increase in price, gas will soon be a commodity for the few rich in our society.”

He stressed the importance of enhancing gas utilization across the country, highlighting its potential to preserve forests, elevate our quality of life, and foster economic growth. Olatunbosun voiced concerns about the rising gas prices and their implications for all Nigerians.

During his lecture, Guest Speaker Prof. Sunday Isehunwa from the Department of Petroleum Engineering at the University of Ibadan's Faculty of Technology identified several challenges facing the LPG market in Nigeria. These included shifts in demand and supply, natural gas production and consumption, price fluctuations, and electricity pricing.