FG: Escalation in Cooking Gas Prices Caused by FX Volatility, Logistics Costs, Others

The federal government has clarified that the recent hike in cooking gas prices isn't due to failed policies but rather external factors like foreign exchange volatility and increased logistics costs. Nigeria's daily gas output has risen to 7.93 billion cubic feet, with domestic sales at 2.18 billion cubic feet per day. This situation underscores the broader economic challenges facing the country, including how global market shifts and domestic supply chain issues impact everyday essentials, affecting millions of households reliant on affordable cooking gas.