The 30-day petrol discount scheme unveiled by the Nigerian government is expected to help beat inflation by reducing transportation costs, in addition to easing the prices of food and other essential commodities.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) made the assertion, urging the federal government to allocate 30 percent of the discounted petrol volume to its members to ensure wider distribution across the country.

The national president of PETROAN, Dr Billy Gillis-Harry, while commending the federal government for recognising the strategic importance of transportation to the Nigerian economy, noted that the intervention was coming at a critical period for Nigerians.

Gillis-Harry said the intervention could produce benefits beyond the transport sector.

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He opined that lower petrol costs for transport operators could help commuters, traders, farmers, manufacturers and other businesses.

He, however, urged the government, the Nigerian National Petroleum Company Limited (NNPC Ltd), transport operators, petroleum marketers and relevant agencies to cooperate fully to ensure that the scheme achieved its objectives.

The PETROAN also called on the federal government to assess the outcome of the 30-day programme and consider further measures to sustain its economic benefits.

It said additional interventions would be necessary if the scheme produced measurable reductions in transportation costs and inflationary pressures.

The PETROAN maintained that transportation costs had a direct impact on the prices of food, agricultural produce, manufactured goods and other essential commodities.

The association said a reduction in the cost of petrol for public transport operators could translate into lower fares and provide relief for commuters and households.

It said, “When transport operators spend less on petrol, commuters could benefit from more affordable fares, traders could move goods at lower costs, farmers could access markets more efficiently, and businesses could reduce logistics expenses.”

According to the association, lower transportation costs could also reduce the cost of moving agricultural produce from rural communities to urban markets.

The PETROAN said this could help moderate the prices of food and other essential commodities, particularly in areas where transportation and logistics accounted for a significant portion of the final cost of goods.

It added that the policy could support small businesses, traders, farmers, manufacturers and other productive sectors that depended heavily on road transportation.

“Reduced logistics expenses could enable businesses to sustain operations, protect jobs and improve productivity,” the association said.

The PETROAN further stated that the intervention could ease inflationary pressures by reducing the transportation component embedded in the prices of goods and services.

It said consumers could experience some relief from the current cost-of-living pressures if the savings were effectively transmitted across the supply chain.

The association, however, urged the federal government to implement the programme transparently and efficiently.

It called for clear guidelines on the exact discount per litre, eligible beneficiaries, monitoring mechanisms and distribution channels.

The PETROAN said the success of the policy should not be measured only by the volume of petrol sold at a discount.

Rather, it said the government should assess the programme based on its actual impact on transportation fares, food prices, business operating costs and household purchasing power.

The association appealed to the Federal Government to allocate 30 per cent of the total volume of discounted petrol to PETROAN members.

It said such an allocation would facilitate wider national distribution and ensure that the benefits of the intervention reached Nigerians in urban and rural communities.

The PETROAN stated that its retail outlets were spread across virtually all local government areas, communities and villages in Nigeria.

It said its network included some of the country’s most remote and underserved locations, including communities where NNPC retail outlets were not available.

“PETROAN can state unequivocally that its retail outlets have a presence in some of the most remote and underserved locations across Nigeria,” the association said.

It added that its grassroots network gave it the capacity to take petroleum products and government interventions beyond major cities and commercial centres.

“Consequently, PETROAN is requesting that 30 per cent of the total volume of discounted petrol be allocated through its retail network to guarantee wider national distribution and ensure that the benefits of the intervention reach Nigerians across local government areas, towns, villages and hard-to-reach communities,” it said.

The association also said its direct relationship with petroleum consumers positioned it to support and pilot the Federal Government’s compressed natural gas initiative across the country.

The PETROAN added that leveraging its existing retail network for CNG deployment would accelerate access to the alternative fuel and encourage its adoption.

It said the approach would be particularly useful in communities where access to alternative energy solutions remained limited.

“Given its extensive grassroots presence and direct relationship with petroleum consumers, PETROAN is strategically positioned to champion and pilot the federal government’s CNG initiative across the country,” the association said.

It added that the use of existing retail outlets could support the Federal Government’s broader energy-transition and economic objectives.

The association reiterated its commitment to supporting policies that promoted affordable petroleum products, lower logistics costs, economic stability, sustainable business activity and improved living standards for Nigerians.

The minister of state, Petroleum Resources (Gas), Ekperikpe Ekpo, has said that Nigeria is fast-tracking efforts to transform the country’s gas resources to increasingly serve as a catalyst for industrialisation, power generation, transportation, manufacturing, fertiliser production, LPG adoption and other productive activities across our economy.

Speaking at the 2026 energy conference of the Nigeria Association of Energy Correspondents of Nigeria (NAEC) with the theme,”

Access to Assets: Empowering Players and Driving Growth” the minister represented by his technical adviser, Abel Nsa, said currently the federal government has continued to prioritise critical gas infrastructure.

He listed some of the initiative to include the AKK and OB3 Gas Pipelines which he described as critical to strengthening the national gas network and connecting supply with major demand centres.

He said the ongoing transformation is considered essential as infrastructure is the bridge between our resources and the industries, power plants, businesses and households that need them.

The Minister espouse that access to assets, therefore, must be understood more broadly than access to licences or acreage.

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According to him, An investor may have an asset but still be unable to develop it because of inadequate infrastructure, financing constraints, regulatory uncertainty, limited evacuation capacity or insufficient market access, adding, “Our objective must consequently be to create an ecosystem where access to resources is matched by access to infrastructure, capital, markets and predictable regulation.”

He further informed the audience that “We are also focused on creating a more attractive environment for investment.

“The reforms introduced under the Petroleum Industry Act 2021, together with targeted fiscal and regulatory measures for gas development, are intended to improve competitiveness, reduce barriers and enhance project bankability. Our message to credible investors is clear: Nigeria is open for responsible investment in its gas sector.”

In achieving its target, he said government recognises that it cannot develop the sector alone as it needs the capital, technology, expertise and commercial discipline of the private sector.

“We also need stronger collaboration among regulators, financial institutions, development partners and industry players to ensure that viable gas projects can move from concept to final investment decision and, ultimately, production.” he added.

Ekpo, said the opportunities created by the gas resources must not be limited to a few large players, pointing out “We want to see greater participation by indigenous companies, independent producers, infrastructure developers, technology providers and emerging energy businesses.”

Therefore he noted that empowering more capable Nigerian players will deepen competition, strengthen local capacity and ensure that a greater share of the value created within the energy sector remains in the Nigerian economy.

The minister also added, “Our objective is also to maximise domestic gas utilisation. We must increasingly convert our gas resources into value-added products rather than viewing gas solely as a commodity for export. Gas-to-power, LNG, LPG, CNG, fertiliser, petrochemicals and other gas-based industries offer enormous opportunities for investment, industrial development and job creation.

“In this regard, the government’s initiatives to expand LPG access and promote CNG adoption demonstrate our commitment to bringing the benefits of gas closer to ordinary Nigerians. Our ambition is to ensure that gas is not simply produced in Nigeria, but that Nigerians can use it, build businesses around it and benefit economically from it.:

He also added that government will ensure that access to assets translates into meaningful Nigerian participation and community development.

He said the Nigerian Content must continue to evolve from participation in contracts to ownership of capabilities, technology, capital and assets and host communities must also see tangible benefits from petroleum operations.

This is essential for building an industry that is sustainable, inclusive and supported by the people. Ekpo added.

He reaffirmed the commitment of the government to provide the policy certainty, regulatory clarity, infrastructure and enabling environment that allow investors and operators to succeed.

In return, he said government expect industry players to bring capital, innovation, efficiency and a commitment to developing Nigeria’s resources responsibly.

The partnership between government and industry must therefore be built around a shared objective: turning Nigeria’s energy potential into measurable economic growth, he said.

He noted that Nigeria has the resources; but what is need led now is to unlock their full value and move from access to assets, to development of assets; from development to utilisation; and from utilisation to broad-based economic growth.

The federal government, he said remains committed to creating the conditions for this transformation and urged all stakeholders to work with government to build a gas sector that is investable, competitive, inclusive and capable of powering Nigeria’s next phase of growth.

He said that Access to assets must ultimately become access to opportunity, prosperity and national development. I thank you, and God bless the Federal Republic of Nigeria.

Players in Nigeria’s oil industry have been advised to focus on technical capacity, quality investment, while consistently innovating to translate assets into economic value.

These views were expressed by the Chairman of Sahara Group, Kola Adeshina, who pointed out that ownership of oil and gas assets alone will not drive growth in Nigeria’s energy sector.

Adeshina, represented by head of Corporate Communications, Sahara Group, Bethel Obioma, stated this at the 2026 Energy Conference of the Nigerian Association of Energy Correspondents (NAEC).

He said the ongoing restructuring of ownership across parts of Nigeria’s energy industry, with indigenous companies taking on greater responsibilities, presented opportunities that must be matched with the capacity to develop and operate the assets effectively.

“Ownership without capability creates little value. Ownership without financing limits potential. Ownership without innovation eventually loses relevance,” he said.

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According to him, the focus should not be on asset ownership alone but on how the assets can be deployed to create value, strengthen local capacity, attract investment, create jobs and improve energy security.

Adeshina said Nigeria was at a critical point in its energy history, with new investors and indigenous companies assuming bigger roles while technology was changing how energy was produced, distributed and consumed.

He said the central question should therefore be how to create conditions that would allow more people and businesses to benefit from opportunities in the sector.

“Access to assets should not be viewed as an end in itself,” he said.

The Sahara chairman said Nigeria had significant energy resources, with over 37 billion barrels of proven crude oil reserves and more than 200 trillion cubic feet of natural gas reserves.

However, he said the country’s greatest resource remained the ingenuity, resilience and entrepreneurial spirit of its people.

“If we can unlock the full potential of our people while expanding access to opportunity across the energy value chain, the possibilities for our country are immense,” he said.

Adeshina identified government, financial institutions, industry players and the media as having important roles to play in creating an environment where indigenous businesses could grow.

According to him, the government must provide enabling policies and regulatory certainty, while financial institutions should develop innovative solutions to unlock capital for businesses in the sector.

He also urged industry leaders to invest in talent, governance and operational excellence, while the media should continue to provide platforms for informed dialogue and accountability.

Adeshina said Nigeria had professionals capable of solving complex energy challenges, entrepreneurs willing to invest and innovate, and young people bringing fresh perspectives and technological expertise.
“What they need is an environment that enables them to succeed,” he said.

He also acknowledged the Federal Government’s ongoing reforms, saying progress in recent years showed what could be achieved when policy, industry and investment moved in the same direction.

Adeshina said the ultimate objective of asset ownership should be the expansion of opportunities and improvement in the lives of Nigerians.

“The true measure of success will not be how many assets change hands, but how many lives are transformed because those assets were put to productive use,” he said.

He urged stakeholders at the conference to focus on practical solutions that would ensure access to assets translated into prosperity for millions of Nigerians.