Firm urges FG to reduce import duty on cylinders, LPG accessories

Firm urges FG to reduce import duty on cylinders, LPG accessories


A cooking gas marketer, Second Coming Nig. Ltd., has urged the federal government to reduce import duty on cylinders, LPG equipment and accessories.

The firm’s Chief Executive Officer, Dr Basil Ogbuanu, at the unveiling of a 20KG LPG composite cylinder in Lagos, said the amount of money paid on import duty was responsible for the increase in prices of cylinders and other LPG accessories.

“The cost of import duties and clearing costs are very high. Government should urgently look into the reduction of import duties and clearing, to deepen gas utilisation in Nigeria. We are talking about deepening LPG usage in all households and the gas cylinder is the entering point of usage. The cost of cylinders, regulators and other accessories should be considered and reduced,” Ogbuanu said.

The CEO of Second Coming Nigeria Limited said the firm introduced 20kg composite LPG cylinders into the Nigerian market to deepen gas utilisation in the country.

He said this would make it easier for families to enjoy the durability of usage than refilling frequently.

According to him, the cylinders are part of the company’s efforts to deepen the usage of Liquefied Petroleum Gas in Nigeria.

“Unlike regular metal cylinders, which are heavy and prone to explosion, the composite cylinders are safer and transparent, lightweight, rustproof, non-explosive and translucent.

“With 20kg, it means refilling once in three months or twice in three months, then four times monthly on the 12.5kg cylinders.

“It is economical, safe and healthier and it saves households from going to refilling plants frequently,” he said.

According to him, the 20kg LPG cylinder goes for N75,000 due to an increase in foreign exchange and is also more competitive.

“We advise all households to patronise these new 20kg composite LPG cylinders to save time, energy and money,” he said.