In its continued efforts to ensure all households have access to cooking gas also known as Liquified Natural Gas (LPG), the ECOGAS Energy Resources Limited has acquired NUGO Gas Ltd and upgraded the plant at Olomoore, Abeokuta, the Ogun State capital under Ecogas popular brand franchise.
Speaking at the event, the company’s Chief Executive Officer, Chief Shina Luwoye, said the new plant is in line with the company’s quest to be a major player in the LPG bottling business in Nigeria, saying it is also to champion use of clean and affordable LPGg for most domestic and commercial use.
He said one of the visions of the company, is to contribute to the socio-economic development of the country by paying taxes and be responsible to all their shareholders.
He revealed that the new plant is the 9th one for the company and the 7th one, domiciled in the State since it’s establishment.
Worried by the increased rate of unemployment in the country, Luwoye disclosed that the vision of the company is to take 1,000 job seekers off the streets for employment.
“The major and social problem confronting Nigeria now is unemployment. When you go around 8 am to 2 pm you will see the number of children on our roads going to schools or coming out of schools, you must be disturbed that how do we cater, provide secured employment for this teeming generation that will be ready for employment market in the next few years”.
Luwoye who lamented the multiple taxations in the petroleum and gas sector appealed to the Federal government to ease ways of doing business in the petroleum and gas sector of the country.
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He said “There have been multiple taxes in the sector by governments in recent times. The VAT and PPPRA charges on LPG translate to high pricing on every purchase because each 12.5kg consumers buy in the market government has imposed additional taxes; increasing the original landing cost to as high as an extra N5”
He appealed to the Federal Government to see to adjust the multiple taxations so that LPG use can continue to grow in line with the aspirations and the agenda of the PMB government.