The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Thursday disclosed that Nigeria currently records about N1.4 trillion yearly as under-recovery from its importation and sale of petrol at the government regulated pump price of N145 per litre, THISDAY reports.

Speaking at a meeting in Abuja where stakeholders in Nigeria’s Liquefied Petroleum Gas (LPG) sector met to review the challenges of the LPG market and find ways to mainstream it into the country’s fuel market, Kachikwu explained that it was time Nigeria began to look at alternative fuel sources like LPG which are clean and less expensive for the country.

He also stated that President Muhammadu Buhari would in the next two months launch an infrastructure rebirth plan with which the country would leverage to attract private finance to upgrade her oil and gas infrastructure.

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