Aliko Dangote, Chairman of Dangote Group, is shaking up Nigeria’s space by slashing Liquefied Petroleum Gas (LPG) prices. Announcing plans to reduce the nationwide cost of cooking gas (currently ₦1,000–₦1,300/kg), he revealed his refinery produces around 2,000 tonnes daily, with the goal to ramp up to 22,000 tonnes to make gas more affordable and shift households away from firewood and kerosene .
But this aggressive move has drawn sharp criticism from LPG marketers, who have accused Dangote of seeking a content monopoly. Godwin Okoduwa, ex-Chair of the Lagos Chamber’s LPG downstream group, stressed that growth was achieved through collaboration—not monopolization. He criticised Dangote for potentially undermining industry players who helped expand the market from 70,000 tonnes in 2007 to over 1.3 million tonnes in 2022 . Similarly, Bassey Essien, CEO of the Nigerian LPG Marketers Association, expressed doubts that Dangote could really crash prices and urged for fairness .
Credit punchng
