According to the African Refiners and Distributors Association, replacing charcoal with clean cooking gas, also known as liquefied petroleum gas, will cost Nigeria and other African nations around $7.5 billion for downstream infrastructure and stoves.
In spite of its enormous gas supply, the continent’s per capita consumption remained the lowest, and it was stressed that it was past time for stakeholders to develop financial plans and solutions to deal with the barriers to clean cooking gas usage on the continent.
In sub-Saharan Africa, he claimed that Nigeria continued to be the region with the highest LPG use rates. At the event, Moussa Dabo, Senior Associate, Investments, African Finance Corporation, said that the company had invested $10.5 billion across 36 nations in Africa, said there was need to improve governance and institutions for Africa to attract investments.
Also, in a presentation by Wagl Energy Limited, stakeholders at the company noted that the potential for LPG consumption in Africa could improve if the continent was committed to solving challenges in the areas of gas production that prioritised local market, shipping, storage as well as distribution to other end-users.