Buhari to address gas price hike soon – FG

The Minister of State for Petroleum, Timipre Sylva, has said that the President, Major General Muhammadu Buhari (retd.), is mindful and concerned about the increased price of gas; vowing to take action to address the situation, especially as the Yuletide draws near.

Sylva said this on Tuesday while addressing State House correspondents after a meeting with the President where he presented CEOs of two new agencies under his ministry: the Nigerian Upstream Regulatory Commission and the Nigerian Downstream and Midstream Petroleum Regulatory Authority at the Presidential Villa.

The minister explained that the Buhari regime has no control of gas price, rather, the international market determines the price of the commodity.

He, however, affirmed that there would be some adjustment to the elements of the pricing to allow a reduction.

More to follow…

  • Related Posts

    Tinubu defends Nigeria’s external loans

      President Bola Tinubu has defended his administration’s borrowing from international institutions and banks, saying Nigeria needs sustained infrastructure investment to achieve its target of a $1 trillion economy by…

    FG approves N70,000 monthly transport allowance for workers

      The Federal Government has approved a N70,000 monthly transport allowance for public servants for six months, beginning in November, to cushion the impact of rising living costs. The approval…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Gunmen abduct 15 in Taraba

    • By admin
    • November 5, 2026
    • 5 views
    Gunmen abduct 15 in Taraba

    Court sacks Mark-led ADC NWC, nullifies Atiku’s candidacy

    • By admin
    • November 5, 2026
    • 5 views
    Court sacks Mark-led ADC NWC, nullifies Atiku’s candidacy

    Senate proposes six-month jail term for hospitals denying emergency care

    • By admin
    • November 5, 2026
    • 3 views
    Senate proposes six-month jail term for hospitals denying emergency care

    Kano Court Sentences Two Men To Death For Killing Employer

    • By admin
    • November 5, 2026
    • 4 views
    Kano Court Sentences Two Men To Death For Killing Employer

    NJC Suspends Three Judges, Cautions Eight Others Over Misconduct

    • By admin
    • November 5, 2026
    • 7 views
    NJC Suspends Three Judges, Cautions Eight Others Over Misconduct

    Police arrest suspect over attack on Peter Obi’s convoy in Calabar

    • By admin
    • November 5, 2026
    • 5 views
    Police arrest suspect over attack on Peter Obi’s convoy in Calabar