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Just in time to help mitigate the rising cost of cooking gas, which is occasioned by shortfalls in its production and supply in the global market, do you know that a new gas plant that was majorly financed and incentivised by the Buhari administration has just been commissioned in Katsina State?
The new 100 metric tonnes Liquified Petroleum Gas Storage and Bottling Plant is located at the Kabukawa layout in Katsina, and is owned by an oil and gas firm called Butane Energy Limited with a heavy equity investment by the Nigerian Content Development and Monitoring Board on behalf of the federal government.
Commissioned on Saturday, December 4, 2021 by the Katsina State Governor, Rt. Hon. Aminu Bello Masari on behalf of President Muhammadu Buhari, this plant is all set to address supply constraints in the domestic LPG market in Northern Nigeria because of its extremely large bulk storage capacity, and its vast transportation/distribution network ability.
Overall, apart from the relief it will bring to shortages and rising prices of cooking gas, this new LPG plant has already created hundreds of jobs across its entire value chain, which makes the investment of the Buhari administration into this oil and gas behemoth a very sensible and profitable one.
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