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Electricity Generation Companies (GenCos) are facing increased operational costs as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a rise in gas prices for the domestic market, affecting both the power sector and commercial consumers.
According to the National Bureau of Statistics, the average price of a 5kg cooking gas cylinder decreased from N5,425.78 in November to N5,360.43 in December 2025. This marks a significant decline both month-on-month and year-on-year.
Economist Kelvin Emmanuel has pointed out that the government's regulation of gas prices, along with poor infrastructure and financial challenges in the sector, hinders Nigeria's efforts to maximize its gas resources.
