The Federal Government has renewed its drive to expand access to affordable housing, with about 430 staff members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority receiving housing allocations under the Renewed Hope Housing Programme.

The allocation is part of a partnership involving the Federal Ministry of Housing and Urban Development, the Federal Mortgage Bank of Nigeria, NMDPRA, Family Homes Funds Limited, CityCode Mortgage Bank, developers and the NMDPRA Staff Cooperative Society.

Allocation letters were presented to beneficiaries at the NMDPRA Auditorium in Abuja on September 23, 2026. The housing units are located across Abuja, Kano and Lagos.

Speaking at the event, the Minister of Housing and Urban Development, Muttaqha Rabe Darma, said the Federal Government was working to reduce the amount of income Nigerian workers spend on rent.

Darma said the government wanted to ensure that workers would no longer have to spend between 40 and 60 per cent of their incomes on accommodation.

He said the high cost of housing was putting significant financial pressure on Nigerian families and that reducing the amount spent on rent would allow households to use more of their income to meet other basic needs.

The minister said the Federal Government was working with relevant stakeholders and regulators to increase the supply of affordable housing across the country.

He also said the government was addressing the housing deficit, which he put at about 16 million housing units.

FG reviews abandoned housing projects

Darma disclosed that the ministry was conducting an assessment of abandoned housing projects across the country as part of efforts to increase the nation’s housing stock.

According to the minister, about 250,000 housing units within abandoned projects could potentially be recovered and made available to Nigerians, including civil servants.

He said the government was collecting information on abandoned projects in different states and engaging state governors on the possibility of taking over or acquiring some of the projects for allocation.

The minister also identified the high cost of land, building materials and infrastructure as some of the factors making homeownership difficult for many Nigerians.

He said the government was exploring different financing options, including the National Housing Fund and mortgage facilities, with particular attention to workers in the informal sector.

Darma further disclosed plans for a social housing programme targeting communities across the 774 local government areas, with the aim of expanding access to affordable homes for low- and middle-income Nigerians.

He said the housing strategy would require collaboration among federal institutions, state governments, mortgage institutions, developers and private investors.

The minister urged government agencies and other stakeholders to focus on delivering actual housing projects rather than limiting their efforts to discussions and policy announcements.

430 NMDPRA staff benefit from housing scheme

The NMDPRA Chief Executive, Rabiu Abdullahi Umar, said the housing initiative was part of efforts to improve the welfare of the authority’s workforce.

He said providing workers with greater housing security could contribute to their wellbeing and productivity.

Umar commended the Federal Government, the Ministry of Housing and Urban Development, FMBN and other partners involved in the programme.

The President of the NMDPRA Staff Cooperative Society, Abdullahi Danladi Auta, described the housing allocation as a significant milestone for the authority’s workforce.

He said about 430 NMDPRA staff would benefit from housing projects in Abuja, Kano and Lagos, at a time when rising land prices, construction costs and other housing expenses were making homeownership more difficult for workers.

365 units earmarked for Abuja

The Chief Commercial Officer of Renewed Hope SPV Limited, Dare Makinde, said the first phase of the project would provide different categories of homes to NMDPRA staff.

The housing types include two-bedroom and three-bedroom flats, as well as three-bedroom terrace houses with boys’ quarters and other categories of homes.

Makinde said 365 housing units were earmarked for Abuja, while additional units would be delivered in Kano and Lagos.

He also disclosed that the second phase of the project would commence in 2027.

FMBN provides mortgage support

The Managing Director and Chief Executive of FMBN, Shehu Usman Osidi, said the initiative demonstrated how government housing policy could translate into practical homeownership opportunities for Nigerian workers.

Osidi disclosed that NMDPRA employees had subscribed to 359 housing units in Karsana, Abuja, and 14 units at Janguza, Kano.

He also said 197 National Housing Fund mortgage applications valued at approximately N8.3 billion were being packaged for submission to FMBN.

CityCode Mortgage Bank is working with the beneficiaries on their mortgage applications, while FMBN will facilitate financing for eligible applicants.

Osidi explained that FMBN’s involvement in the Renewed Hope Cities and Estates Programme goes beyond individual mortgages to include project financing and off-take support.

For the Karsana project, he said FMBN provided a N100 billion off-taker guarantee in addition to N19.9 billion in direct funding.

According to him, the financing support is designed to provide greater certainty for developers, support construction financing and help eligible Nigerian workers access completed homes through mortgage arrangements.

Osidi said FMBN would continue working with developers, primary mortgage banks, cooperative societies, employers and other financial-sector partners to increase the supply of affordable homes and improve access to mortgage finance.

He also highlighted FMBN’s Diaspora Mortgage Loan and its forthcoming Rent Assistance Product as part of the bank’s efforts to respond to changing housing needs.

The FMBN chief urged beneficiaries to work with the cooperative society, CityCode Mortgage Bank, FMBN and developers to complete their mortgage documentation and other requirements.

Government targets wider housing access

The 430-unit NMDPRA initiative forms part of the Federal Government’s wider Renewed Hope Cities and Estates Programme, which seeks to expand affordable housing supply and improve access to homeownership.

The programme also highlights the role of collaboration between government agencies, mortgage institutions, developers, employers and cooperative societies in financing and delivering housing.

For the NMDPRA beneficiaries, the current allocation provides access to housing in Abuja, Kano and Lagos, while the government continues to pursue broader measures aimed at increasing housing supply and improving access to affordable financing.

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About 430 staff members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) are set to benefit from a housing initiative under the Federal Government’s Renewed Hope Housing Programme.

The Minister of Housing and Urban Development, Engr. Dr. Muttaqha Rabe Darma, disclosed this on Wednesday in Abuja during the presentation of houses to the beneficiaries.

Darma said the initiative formed part of efforts to make home ownership more affordable for Nigerian workers and reduce the burden of rent on household incomes.

FG Targets 40–60% Rent Burden

The minister said the government was working to ensure workers no longer spend between 40 and 60 per cent of their income on rent.

“We are going to assure that in this country workers don’t spend 40 to 60 per cent of their income on rent,” Darma said.

He said reducing the amount workers spend on accommodation would ease financial pressure and allow families to meet other basic needs.

Darma also linked the high cost of housing to broader economic challenges, saying excessive housing costs could indirectly create incentives for corruption.

FG Targets 250,000 Abandoned Housing Units

The minister said the government was also reviewing abandoned housing projects nationwide as part of efforts to increase the country’s housing stock.

According to him, about 250,000 housing units in abandoned projects could potentially be recovered and made available to Nigerians, including civil servants.

“We are taking stock of them. We are taking statistics. We are moving to each and every state where we have these abandoned properties,” he said.

Darma said the Federal Government was engaging state governors on the possibility of taking over or acquiring some abandoned projects for allocation to civil servants and other Nigerians.

He also identified the rising costs of land, building materials and infrastructure as major challenges facing prospective homeowners.

Social Housing Programme to Cover 774 LGAs

The minister said the government was exploring financing options, including the National Housing Fund and mortgage facilities, particularly for workers in the informal sector.

He added that the planned social housing programme would target communities across the country, including the 774 local government areas.

The initiative is expected to involve partnerships among federal institutions, state governments, mortgage institutions, developers and private investors.

Darma urged government agencies and stakeholders to focus on delivering actual housing projects rather than limiting efforts to policy announcements.

430 NMDPRA Staff to Benefit

Speaking at the ceremony, NMDPRA Chief Executive Mallam Rabiu Abdullahi Umar said the authority was committed to improving staff welfare through initiatives that enhance productivity and wellbeing.

He said access to housing would provide greater security and stability for beneficiaries while strengthening their commitment to their responsibilities.

The NMDPRA chief commended the Federal Government, Ministry of Housing and Urban Development, Federal Mortgage Bank of Nigeria (FMBN) and other partners involved in the programme.

The President of the NMDPRA Staff Cooperative Society, Abdullahi Danladi Auta, described the housing allocation as a significant milestone.

Auta said about 430 NMDPRA workers would benefit from the initiative, with projects located in Abuja, Kano and Lagos.

365 Housing Units Earmarked for Abuja

The Chief Commercial Officer of Renewed Hope SPV Limited, Dare Makinde, said the first phase would provide different categories of housing units to NMDPRA staff.

The houses include two-bedroom and three-bedroom flats, as well as three-bedroom terraces with boys’ quarters and other categories across the project locations.

Makinde said 365 housing units were earmarked for Abuja, with additional units to be delivered in Kano and Lagos.

He also disclosed that the second phase of the project would commence in the coming year.

FMBN Managing Director Shehu Usman Osidi congratulated the beneficiaries and commended the partnership between NMDPRA, the Renewed Hope Housing Programme and other stakeholders.

He said the initiative demonstrated how collaboration could expand access to affordable housing and create more opportunities for workers to become homeowners.

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FMBN Allocates Homes to 430 NMDPRA Workers Across Abuja, Kano, Lagos

The Federal Mortgage Bank of Nigeria (FMBN) has allocated housing units to 430 employees of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) under the Federal Government’s Renewed Hope Cities and Estates Programme.

Allocation letters were presented to the beneficiaries on Wednesday, September 23, 2026, at the NMDPRA Auditorium in Abuja. The initiative covers housing units in Abuja, Kano and Lagos and brings together the Federal Ministry of Housing and Urban Development, FMBN, Family Homes Funds Limited, the NMDPRA Staff Cooperative Society, CityCode Mortgage Bank, developers and other stakeholders.

The Minister of Housing and Urban Development, Muttaqha Rabe Darma, reaffirmed the Federal Government’s commitment to providing decent and affordable housing for Nigerians.

Darma also announced plans to introduce a social housing scheme targeting the delivery of 100 housing units in each Local Government Area across the country.

He stressed the importance of stronger collaboration among government agencies and other stakeholders in the housing sector, noting that such partnerships would allow institutions to combine their resources, expertise and capacities to expand access to affordable housing.

The minister said collaboration remained important to achieving broader housing delivery objectives and ensuring that more Nigerians could benefit from government-backed housing programmes.

FMBN processes ₦8.3bn in mortgage applications

Speaking at the event, FMBN Managing Director and Chief Executive Officer, Shehu Usman Osidi, described the allocation as an example of how government housing policies could translate into homeownership opportunities for workers.

Osidi disclosed that NMDPRA employees had subscribed to 359 housing units at Karsana in Abuja and 14 units at Janguza in Kano.

He also revealed that 197 National Housing Fund mortgage applications valued at approximately ₦8.3 billion were being packaged for submission to FMBN.

CityCode Mortgage Bank is working with the beneficiaries on the mortgage applications, while FMBN will facilitate financing for applicants who meet the relevant eligibility requirements.

The FMBN chief executive explained that the bank’s involvement in the Renewed Hope Cities and Estates Programme goes beyond individual mortgage financing.

According to him, FMBN also provides project-level financing and off-take support to help create greater certainty for developers and support the construction and eventual purchase of completed housing units.

For the Karsana project, FMBN provided a ₦100 billion off-taker guarantee in addition to ₦19.9 billion in direct funding.

Osidi said the financing and guarantee were designed to support developers, facilitate construction financing and enable eligible Nigerian workers to access completed homes through mortgage arrangements.

“FMBN is proud to be part of the journey that gave birth to this event today, and we remain committed to supporting the Renewed Hope Cities and Estates programme in Karsana and across the country,” Osidi said.

FMBN targets wider housing finance partnerships

Osidi said FMBN would continue working with developers, primary mortgage banks, cooperative societies, employers and other financial-sector partners to expand the supply of affordable housing and improve access to mortgage finance.

He also highlighted the bank’s recently launched Diaspora Mortgage Loan and its forthcoming Rent Assistance Product as part of efforts to respond to changing housing needs among Nigerians.

The FMBN chief urged the beneficiaries to work closely with the NMDPRA Staff Cooperative Society, CityCode Mortgage Bank, FMBN and the developers to complete their mortgage documentation and other requirements promptly.

He assured beneficiaries that the bank remained committed to efficient and transparent processing of their applications.

NMDPRA praises inter-agency collaboration

The Chief Executive of NMDPRA, Rabiu Abdullahi Umar, commended the Federal Ministry of Housing and Urban Development, FMBN and the other participating institutions for working together to provide housing opportunities for the authority’s employees.

Umar said the initiative demonstrated the importance of collaboration among government agencies and other stakeholders in addressing workers’ welfare while contributing to wider national development objectives.

He expressed appreciation to the institutions and partners involved in the programme, describing the opportunity for NMDPRA employees to access housing as a significant milestone for the authority and its workers.

The event was attended by the Managing Director of Family Homes Funds Limited, Abdul Mutallab Muktar; the Managing Director of CityCode Mortgage Bank, Oluniyi Abiodun Ajao; the President of the Authority Staff Cooperative Society, Abdullahi Danladi Auta; the Chief Commercial Officer of Renewed Hope SPV Ltd., Dare Makinde; and other stakeholders.

The housing allocations form part of the Federal Government’s wider Renewed Hope Cities and Estates Programme, which combines housing construction, mortgage financing and institutional partnerships to expand access to homeownership for Nigerian workers.

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FG Commends NMDPRA Housing Scheme as 430 Workers Receive Home Allocations

The Federal Government has commended the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for supporting access to affordable housing for its workers through the Renewed Hope Cities and Estates Programme.

The Minister of Housing and Urban Development, Mr Muttaqha Darma, gave the commendation during the formal presentation of allocation letters to eligible NMDPRA staff under the housing programme.

Darma described the initiative as significant against the background of Nigeria’s housing deficit and the difficulties many Nigerians face in accessing decent homes.

He said the Federal Government remained committed to expanding access to affordable housing through partnerships with institutions and other stakeholders in the housing sector.

According to the minister, Nigeria requires more than 16 million housing units to address its housing deficit and provide accommodation for Nigerians without adequate housing.

“Providing housing to Nigerians remains a major responsibility. Providing houses to 110 million unhoused Nigerians is a task, a very big one,” Darma said.

The minister said the NMDPRA initiative should not be assessed solely by the number of homes being allocated to its workers.

“I consider the NMDPRA initiative beyond the number of houses being allocated.

“Forget about the mention of 450 housing units. No, I am not looking at it from that angle. I am looking at it from delivery of housing to Nigerians,” he said.

Darma stressed that every opportunity to deliver housing to Nigerians was important, regardless of the number of people who directly benefited from a particular project.

He also highlighted the rising cost of construction and building materials, which has made homeownership increasingly difficult for many Nigerians.

430 NMDPRA workers receive allocations

The Chief Executive of NMDPRA, Malam Rabiu Umar, said about 430 members of staff in Abuja, Kano and Lagos were receiving allocation letters under the Renewed Hope Cities and Estates Programme.

Umar described the development as an example of how government policies and institutional partnerships could translate into tangible benefits for workers.

He said staff welfare was an important part of institutional performance, noting that workers who have greater peace of mind and confidence in their personal future are better positioned to contribute effectively to their organisations.

The NMDPRA chief executive commended the Authority Staff Cooperative Society, the Renewed Hope Access to Housing Committee and other partners involved in facilitating the initiative.

The partners include the Federal Mortgage Bank of Nigeria (FMBN), Family Homes Funds Limited, City Code Mortgage Bank Limited, Renewed Hope SPV, Key Shelter Limited and participating developers.

FMBN processes N8.3bn in mortgage applications

The Managing Director and Chief Executive of FMBN, Mr Shehu Osidi, said NMDPRA staff had subscribed to 430 housing units in Karsana, Abuja, and Janguza, Kano.

He disclosed that 197 National Housing Fund mortgage applications valued at approximately N8.3 billion were being packaged for submission to FMBN by City Code Mortgage Bank.

Osidi said the mortgage applications formed part of the financing structure designed to help eligible workers access homes through sustainable mortgage arrangements.

FMBN has also provided a N100 billion off-take guarantee for the Renewed Hope Cities and Estates Programme, beginning with the Karsana project, alongside N19.9 billion in direct funding.

The financing and guarantee arrangements are intended to give developers greater certainty, support construction financing and enable eligible workers to access completed housing through mortgage financing.

Osidi said FMBN would continue working with developers, primary mortgage banks, cooperative societies, employers and other financial-sector partners to increase the supply of affordable homes and strengthen access to mortgage finance.

He also disclosed that FMBN would soon introduce a Rent-to-Own product for eligible civil servants.

The bank has already launched a Diaspora Mortgage Loan and has signed a memorandum of understanding for a N10 billion housing loan scheme for Federal Civil Servants.

More than 1,000 NMDPRA staff applied

The President of the Authority Staff Cooperative Society, Mr Abdullahi Auta, said more than 1,000 NMDPRA workers had applied for the housing initiative.

However, about 430 staff had so far been accommodated under the current allocation exercise.

Auta appealed for continued support to enable additional workers who are still awaiting allocation to benefit from the scheme.

Details of housing units across Abuja, Kano and Lagos

The Chief Commercial Officer of Renewed Hope SPV Ltd., Dare Makinde, said the first phase of the project in Abuja consists of 365 housing units.

The Abuja development includes two-bedroom and three-bedroom flats, as well as three-bedroom terrace duplexes with boys’ quarters.

In Kano, the project includes 14 units comprising three-bedroom and four-bedroom bungalows, fully detached houses and three-bedroom terrace duplexes with boys’ quarters.

Lagos has 56 units comprising two-bedroom and three-bedroom apartments with boys’ quarters.

Makinde said a second phase of the project would be delivered next year to accommodate some applicants who could not benefit from the first phase.

He added that additional housing projects were planned for Asaba, Enugu and Ibadan.

Makinde also called on other public and private organisations to support housing schemes for their workers, particularly as rising rents continue to make homeownership and decent accommodation more difficult for many employees.

Government expands housing support for workers

The NMDPRA housing initiative forms part of a wider push by the Federal Government to expand access to housing through institutional partnerships and mortgage financing.

The government has also been implementing other housing projects targeted at workers and civil servants.

In August, the Federal Mortgage Bank of Nigeria joined the Federal Ministry of Housing and Urban Development and the Office of the Head of the Civil Service of the Federation for the groundbreaking of a 250-unit Renewed Hope Civil Service Estate at Dukpa, Gwagwalada, Abuja.

The estate comprises two-bedroom and three-bedroom bungalows and is being developed to provide decent and affordable housing for federal civil servants.

The Federal Government also approved a N10 billion housing loan scheme for federal civil servants earlier in 2026, with the Federal Housing Loans Board and FMBN entering into an agreement to facilitate access to affordable housing loans.

For the NMDPRA programme, the combination of housing allocations, mortgage financing, cooperative participation and government-backed project support is intended to provide workers with a structured route to homeownership.

The first phase of allocations covers projects in Abuja, Kano and Lagos, while additional developments are planned for other cities.

The initiative is expected to provide further opportunities for NMDPRA workers who are yet to receive allocations as subsequent phases of the housing programme are delivered.

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The Dangote Petroleum Refinery has initiated a massive corporate relief intervention by deploying millions of litres of Premium Motor Spirit at zero freight cost to selected destinations across Nigeria. Under the newly introduced logistics arrangement, the 650,000-barrel-per-day petrochemical facility will absorb the entirety of the distribution costs for product deliveries routed to the Federal Capital Territory and five selected states. The move is designed to stabilize domestic energy supply dynamics, dismantle arbitrary product pricing by logistical middlemen, and cushion the economic impact of fuel distribution bottlenecks on commuters.

According to reliable oil sector officials, the downstream distribution network will utilize dedicated trucking fleets to transport the fuel directly from the Lekki Free Trade Zone hub to major storage facilities in Abuja, Kano, Kaduna, Sokoto, Enugu, and Borno. By neutralizing the structural transportation fees that marketers typically pass down to end-users, the refinery aims to establish a uniform price corridor at retail points across these major geographic zones. Industry observers note that the initiative challenges the traditional freight-pooling systems managed under state equalization structures, offering an independent private sector template for regional energy security.

The specialized shipping exercise is expected to run concurrently with the refinery’s broader supply agreements with independent and major oil marketers across the federation. Downstream analysts suggest that this direct intervention will exert downward pressure on pump prices in distant northern and eastern territories, which have historically suffered from high handling costs. The petrochemical conglomerate emphasized that enhancing affordable access to critical transport fuels remains a core component of its national development support strategy, provided local distribution pipelines and logistics operations remain unhindered.

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Independent fuel marketers have threatened a nationwide strike and closure of filling stations if the Federal Government attempts to implement petrol price control in Nigeria. The Independent Petroleum Marketers Association of Nigeria (IPMAN) issued this warning following remarks from the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who stated that deregulation does not allow marketers to exploit consumers through unfair pricing or excessive profiteering.

The dispute stems from public dissatisfaction over high domestic fuel costs despite a significant drop in global crude oil prices. Government regulatory bodies, including the Federal Competition and Consumer Protection Commission (FCCPC), expressed worries that local retail rates have failed to mirror international market declines. While the government maintains it has a legal duty under the Petroleum Industry Act (PIA) to protect citizens from exploitation, marketers argue that enforcing any petrol price control in Nigeria contradicts the principles of a deregulated economy.

According to IPMAN, marketers are currently incurring heavy financial losses due to rapid price adjustments by local refineries and a lack of robust market competition. They noted that many businesses operate on fixed-interest bank loans, making forced price reductions unsustainable without addressing underlying supply-side challenges. Stakeholders, including the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), have urged the minister to convene an urgent meeting to resolve the pricing standoff through dialogue rather than unilateral regulatory enforcement.

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Residents of the Federal Capital Territory (FCT) are beginning to enjoy some relief as the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has declined after months of sustained increases.

A market survey showed that LPG now sells for between N1,498 and N1,650 per kilogram across Abuja, depending on location and retail outlet, compared to recent highs of about N2,000 per kilogram recorded in several parts of the country.

The price reduction means that refilling a 5kg cylinder now costs between N7,490 and N8,250, while a 12.5kg cylinder costs between N18,725 and N20,625. At the peak of the recent price surge, the same cylinders cost approximately N10,000 and N25,000 respectively.

Despite the decline, some roadside vendors still sell cooking gas at prices as high as N1,850 per kilogram.

Industry experts attributed the price drop to improved product availability and easing wholesale costs but warned that long-term stability depends on addressing structural challenges in Nigeria’s LPG market.

Energy economist, Dr. Dayo Abegunde, said the reduction reflects improved supply conditions but noted that Nigeria remains vulnerable to global market shocks because a significant portion of domestic LPG consumption still depends on imports.

“The recent decline is encouraging for consumers, but Nigeria must deepen domestic production and strengthen its supply chain to avoid recurring price spikes whenever there are disruptions in the global market,” he said.

Oil and gas analyst, Edward Bulus, also stressed the need for increased domestic refining and retention of locally produced LPG within the Nigerian market to guarantee sustainable price stability.

LPG marketers confirmed that improved supply at coastal depots and a gradual decline in wholesale prices have contributed to the moderation in retail prices.

An Abuja-based LPG marketer, Bassey Etanem, said increased product availability is gradually filtering through the distribution chain, resulting in lower prices for consumers.

Retail operators in Abuja also attributed the decline to growing competition among filling plants as supply conditions improve.

However, marketers warned that transportation and logistics costs remain high, particularly for operators supplying inland locations, adding that investments in storage and distribution infrastructure are necessary to sustain lower prices.

Many consumers welcomed the reduction but argued that cooking gas remains expensive compared to previous years.

Some residents said they were forced to switch to charcoal and firewood when LPG prices approached N2,000 per kilogram.

A trader, Grace Bade, called on the government to implement measures that would further reduce the cost of cooking gas and ease the economic burden on households.

The recent price moderation follows intervention measures announced by the Federal Government to address supply shortages and market manipulation.

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), regulators and security agencies to intensify surveillance of the LPG market, investigate hoarding and diversion, and sanction operators found manipulating prices.

The minister said the government remains committed to increasing domestic LPG supply, reducing dependence on imports and ensuring that locally produced gas is prioritised for domestic consumption.

He also disclosed plans for a local LPG blending initiative involving Nigeria LNG Limited (NLNG), indigenous producers and operators of the Port Harcourt LPG plant to improve supply reliability and reduce logistics costs.

The NMDPRA had earlier linked the spike in cooking gas prices to global supply disruptions, exchange rate pressures, logistics bottlenecks and market inefficiencies.

Industry stakeholders, however, maintain that sustained affordability will depend on expanding domestic production, improving infrastructure and strengthening distribution networks across the country.

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Retail prices for Liquefied Petroleum Gas, widely known as cooking gas, have begun a downward trend across major Nigerian markets following a substantial surge in supply and a corresponding decline in depot costs. Recent market reports indicate that the commodity’s price dropped by over 31 percent from its previous peak of ₦2,200 per kilogramme down to approximately ₦1,500 per kilogramme in several urban regions. This market correction follows aggressive interventions by regulatory bodies and increased commodity inflows from both local production and international shipments.

According to data compiled by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the country’s average daily liquefied petroleum gas supply grew significantly to 5,040 metric tonnes in June, up from 4,262 metric tonnes recorded in May. Strategic stakeholders noted that consecutive consultations between authorities, terminal operators, and domestic plant owners succeeded in doubling national stock sufficiency from an 11-day cushion to a more stable 22-day timeline. Furthermore, the market recovery was accelerated by the removal of panic-buying trends and a strict government crackdown on unlawful product hoarding and distribution bottlenecks.

Edu Inyang, National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), explained that while prices are easing nationally, regional variations still exist due to local retail margins and domestic haulage costs. Currently, consumers in Lagos, Ibadan, and Abeokuta enjoy retail rates ranging between ₦1,100 and ₦1,350 per kilogramme. Meanwhile, northern distribution nodes like Kano and Kaduna report prices between ₦1,300 and ₦1,550 per kilogramme, with distant parts of the North-East observing slightly higher margins. Consequently, refilling a standard 12.5kg cylinder now averages between ₦13,750 and ₦20,625 depending on geographic proximity to regional supply depots.

To secure long-term price relief, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated that the federal administration is prioritizing domestic consumption over export contracts while monitoring private operator import channels. The government is also advancing a local blending initiative with Nigeria LNG Limited and tracking fresh yields from new processing hubs, such as the Seplat gas facility and the Dangote Petroleum Refinery. Concurrently, infrastructure expansions like the Ajaokuta–Kaduna–Kano (AKK) gas pipeline and the OB3 River Niger crossing have both bypassed the 93 percent completion threshold, promising enhanced domestic logistics. Industry experts agree that maintaining this heightened supply momentum remains vital to defending households from broader inflationary pressures and advancing clean energy adoption across the country.

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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has projected that the retail price of cooking gas could fall to between N900 and N1,100 per kilogram by the end of 2026 if the federal government implements reforms aimed at boosting supply and reducing costs across the value chain.

President of NALPGAM, Mr. Edu Inyang, made the projection during an interview with the News Agency of Nigeria (NAN) in Lagos, noting that although Nigeria has recorded significant growth in local Liquefied Petroleum Gas (LPG) production, persistent supply chain challenges continue to keep prices elevated.

According to him, cooking gas, which sold for between N900 and N1,000 per kilogram in April, currently costs between N2,000 and N2,500 per kilogram in many parts of Lagos.

Inyang disclosed that Dangote Refinery and Nigeria LNG (NLNG) supplied about 87 per cent of Nigeria’s domestic LPG market in 2025. However, he explained that Dangote Refinery later clarified that much of its LPG output was earmarked for the production of higher-value products rather than the domestic cooking gas market, resulting in supply disruptions.

He noted that despite increased local production, several producers are still operating below installed capacity, leaving rising consumer demand unmet.

According to him, inadequate storage facilities, high transportation costs, foreign exchange challenges and multiple handling charges within the supply chain remain major contributors to high retail prices.

He further observed that LPG storage infrastructure is concentrated mainly in Lagos, the Edo/Delta axis and Port Harcourt, resulting in higher distribution costs, especially for northern states.

“Local production growth is encouraging, but consumers will not fully benefit unless bottlenecks in logistics, depot capacity, trucking and market access are addressed,” Inyang said.

The NALPGAM president also identified speculative trading, excessive intermediary margins and temporary product hoarding as factors contributing to periodic price distortions and artificial scarcity.

To improve affordability, he called for stronger market surveillance, greater transparency in product allocation and pricing, and stricter enforcement of fair competition across the LPG value chain.

Among the reforms proposed by the association are prioritising domestic LPG supply over exports, improving access to foreign exchange, reducing regulatory bottlenecks, expanding clean cooking support programmes, investing in storage infrastructure and introducing tax incentives for investors.

“With adequate domestic supply, improved infrastructure, exchange-rate stability and supportive government policies, the industry can achieve a more affordable and stable pricing environment,” Inyang stated.

He, however, cautioned that the projected price range should be viewed as a target rather than a guarantee, as global energy prices and exchange rate fluctuations would continue to influence the market.

Meanwhile, the federal government has assured Nigerians that LPG supply remains stable despite recent increases in cooking gas prices.

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, attributed the price surge to foreign exchange volatility, rising logistics costs, infrastructure limitations and movements in international LPG prices.

He reiterated the government’s directive that all LPG produced in Nigeria should first be prioritised for domestic consumption before exports, describing the policy as critical to improving local availability and reducing import dependence.

Ekpo also directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to strengthen collaboration with industry stakeholders to improve supply coordination and prevent market disruptions.

Data from the National Bureau of Statistics (NBS) shows that the average price of refilling a 5kg cylinder rose by 13.73 per cent from N7,655.73 in March to N8,706.93 in April, while the average cost of refilling a 12.5kg cylinder increased by 13.89 per cent from N19,652.83 to N22,382.20 during the same period.

Industry stakeholders maintain that with sustained reforms, improved infrastructure and increased domestic production, Nigeria’s LPG market could witness greater stability and more affordable prices for consumers in the coming years.

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Nigeria’s average daily consumption of Premium Motor Spirit (PMS), commonly known as petrol, declined to 56.9 million litres per day in February 2026, according to the latest data released by the (NMDPRA).

The figure represents a drop from 60.2 million litres per day recorded in January, indicating a noticeable shift in the country’s fuel consumption pattern amid ongoing adjustments in the downstream petroleum sector.

Domestic refining begins to influence supply

In its monthly factsheet, the NMDPRA noted that the drop in consumption coincided with a significant change in Nigeria’s fuel supply structure, largely influenced by the growing role of the .

For decades, Nigeria relied heavily on imported petrol due to the poor performance of state-owned refineries. Historically, local refining accounted for less than 20 percent of national petrol supply, leaving the country largely dependent on imports to meet domestic demand.

However, the regulatory authority said the increasing output from the Dangote Refinery is gradually altering this structure by strengthening domestic fuel supply and reducing reliance on imported products.

Petrol imports decline sharply

According to the NMDPRA report, petrol imports dropped significantly in February as domestic refining expanded.

The agency revealed that imports declined by about 25.4 million litres per day, reflecting a growing shift toward locally refined petroleum products.

Industry analysts say the development could signal the beginning of a long-term transition in Nigeria’s fuel supply chain, as large-scale refining capacity continues to increase within the country.

Nigeria maintains strong fuel stock

Despite the reduction in petrol consumption, the regulatory authority noted that Nigeria maintained a petrol sufficiency stock of about 31 days in February 2026.

This level of stock coverage suggests improved energy security for the country, especially at a time when global fuel markets remain volatile due to geopolitical tensions and fluctuating crude oil prices.

Experts believe that stronger domestic refining capacity could help Nigeria better withstand international supply disruptions and reduce the economic risks associated with heavy fuel imports.

Experts highlight Dangote Refinery’s growing impact

Reacting to the development, the Chief Executive Officer of Petroleumprice.ng, Jeremiah Olajide, said the integration of Dangote Refinery’s output into national supply calculations demonstrates the refinery’s growing strategic importance.

According to him, the refinery is increasingly serving as a stabilising force in Nigeria’s downstream petroleum sector, particularly as the country navigates unpredictable global energy markets.

He explained that the emergence of large-scale domestic refining capacity is gradually reshaping the structure of Nigeria’s fuel supply chain.

“The addition of Dangote’s inventory to national supply figures highlights the refinery’s role as a strategic buffer for the downstream sector,” Olajide said.

He added that expanding domestic refining would not only reduce import dependence but also strengthen the country’s ability to maintain stable petrol availability.

Dangote refinery cuts petrol and diesel prices

Meanwhile, the Dangote Petroleum Refinery recently announced a reduction in the prices of petrol and Automotive Gas Oil (AGO), commonly known as diesel.

Under the revised pricing structure, the refinery reduced the gantry price of petrol from ₦1,175 per litre to ₦1,075 per litre, representing a ₦100 decrease.

The coastal distribution price of petrol was also lowered from ₦1,150 to ₦1,028 per litre, while diesel prices dropped from ₦1,620 to ₦1,430 per litre, marking a reduction of ₦190 per litre.

The refinery said the price adjustment was part of efforts to ease the financial burden on consumers and contribute to broader economic stability in Nigeria.

Pricing reflects global crude oil benchmarks

According to the company, crude oil processed at the refinery is purchased at international benchmark prices plus a premium ranging from $3 to $6 per barrel.

Payments for crude oil and other inputs are also made at prevailing foreign exchange market rates without subsidies.

The refinery added that crude supplied under the Naira-for-Crude arrangement is similarly priced using global benchmarks before being converted to naira based on the current exchange rate.

Dangote Refinery further stated that in 2025 alone it reduced petrol prices at least eight times, increasing prices only twice during the year.

The company described the pricing strategy as part of its commitment to ensuring that cost advantages from local refining are passed on to consumers across Nigeria’s 36 states and the Federal Capital Territory.

Industry observers believe that as domestic refining capacity continues to expand, Nigeria could experience improved fuel price stability and reduced vulnerability to international supply disruptions.

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