The Nigerian Content Development Monitoring Board (NCDMB), says it is currently driving Nigeria’s gas penetration in Nigeria’ through investments and partnerships with local investors
General manager, Corporate Communications and zonal coordination of the board, Engr. Ginah O. Ginah, stated this yesterday in Abuja building workshop for journalists
According to him, the Board is partnering with critical local investors to develop critical projects in the oil and gas sector as part of efforts to put Nigeria on the global map.
“Up north, the NCDMB is supporting Butane Energy Limited to establish LPG Bottling Plants and Depots in Abuja and 10 Northern States, just as, it is investing with MOB Integrated Services for the construction of the 500 Million Tons Inland LPG terminal in Dikko, Niger state.
The project will include the construction of a Cylinder Refurbishment plant, procurement of 80,000 bottles of LPG Cylinders and acquisition of distribution assets,” he said.
He added that another important partnership is with Southfield Petroleum to establish 200 million metric standard cubic feet of gas processing plant at Utorogu, Delta state.
Gina further stated that the NCDMB has entered into a partnership with Amal Technologies to set up a plant in Abuja to produce Smart Gas/Smoke Detector Alarm devices, adding that the move is expected to deepen LPG penetration and add value along the gas value chain.
He further noted that Nigeria’s local capacity has improved over the years as improved access to intervention funds has seen indigenous operators access at least $293.26 million and N32.85 billion under the Nigerian Content Intervention Fund managed by the Bank of Industry since inception in 2017.