The Lagos State Government has commissioned a 40 metric-ton Liquified Petroleum Gas (LPG) Refill Plant in Ikorodu.
Governor Babajide Sanwo-Olu, in the company of his Deputy, Dr. Obafemi Hamzat, opened the gas plant on Thursday built by Ibile Oil and Gas Corporation (IOGC), the state-owned energy firm, in Igbogbo-Baiyeku Local Council Development Area (LCDA) to ramp up the supply of LPG for domestic use.
He also believes the move will create an alternative gas market for residents, thereby, crashing the rising cost of cooking gas in Lagos.
According to the governor, the energy project was also initiated to key into the nation’s ambitious goal to develop the natural gas industry and encourage domestic use of safe cooking gas to cut down the use of dirty fuels responsible for carbon emission and air pollution.
The Ikorodu plant is the fourth facility delivered by the corporation.
Three other refill plants of varying capacities were built in Amuwo Odofin, Alimosho, and Iponri areas of the State.
The Governor expressed concern over the high cost of cooking gas occasioned by the high foreign exchange rate and introduction of 7.5 percent VAT by the Federal Government, describing the situation as “unacceptable” in the face of the high cost of living.
“The gas plant being commissioned today reflects the desire of our administration to align with the global action to reduce carbon emission and address the climate change challenge. One of the measures, which this gas plant will support, is promoting increased adoption of LGP for domestic use in Lagos,” Sanwo-Olu said.
“Our vision is to transit the State into a gas economy and ensure an energy mix that provides different fueling options for residents with the introduction of Gas-for-Transport and Gas-to-Power projects. Expanding the domestic usage of LPG is critical to the continuous prosperity of Lagos and the attainment of our administration’s desire to transform the State into a 21st Century economy.”