Saturday, July 12, 2025
24.2 C
Lagos

NCDMB, Butane Energy Boost LPG Supply as Kaduna Plant is Commissioned

Director Monitoring and Evaluation NCDMB, Mr. Abdulmalik Halilu and some NCDMB staff with the management of Butane Energy at the commissioning of LPG plant at Kaduna. Butane Energy is one of Board’s 3rd party investment.

The Nigerian Content Development and Monitoring Board (NCDMB) and Butane Energy Limited on Friday recorded a significant milestone in their collective drive to make liquefied petroleum gas (LPG) a widely accessible, cleaner, and more cost-effective fuel option for cooking in the country, with the commissioning of a 180-metric-tonne LPG Filling Plant in Kaduna, Kaduna State.

The Filling Plant, the second after the commissioning of another 100MT LPG Storage and Bottling Plant in Kabukawa Layout, Katsina, Katsina State, in 2021, is part of a joint venture to establish five of such facilities in Northern Nigeria with a combined storage capacity of 1,000MT. Kano LPG Storage and Bottling Plant in Kano State is slated for commissioning in the first quarter of 2025, while construction work on another in Bauchi is at an advanced stage. Abuja is next in line.

In an exclusive interview with newsmen after the commissioning ceremony at the Kaduna Plant, the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, represented by the Director, Monitoring and Evaluation of NCDMB, Alhaji Abdulmalik Halilu, expressed satisfaction with the impressive strides of Butane Energy Ltd.

He pointed out that NCDMB was motivated to enter into equity partnership with the indigenous LPG storage, trading and marketing company after the latter presented “a [bankable] business plan aimed at enhancing gas penetration in northern Nigeria.”

He explained that the Board acted in line with its statutory mandate to catalyse in-country capacity development through equity funding.

NCDMD, he noted further, was also interested in job creation through such projects, as there were clear possibilities for employment into technical and managerial cadres as operations progressed. According to him, no fewer than 200 Nigerians gained employment, and there was the added benefit of local content growth.

Equally significant to the NCDMB was the consideration that the project was in alignment with Federal Government’s expressed commitment to net-zero emissions by 2026, and the campaign for cleaner alternative to kerosene and firewood as cooking fuel.

In his own remarks, the Chairman, Butane Energy Limited, Alhaji Isa Inuwa Muhammed, stated that NCDMB is a co-owner of the company, and expressed gratitude to the Management of the NCDMB for the confidence reposed in his company, particularly in its vision and business approach.

According to the Chairman, the relationship between the Board and Butane is based on trust, and that the success thus far would greatly reinforce the partnership. Established in 2017 as a player in LPG storage and marketing, Butane Energy Limited has massive distribution assets in northern Nigeria, and is deliberate in its corporate objective to make the fuel accessible to every part of the region.

The LPG Filling Plant is part of NCDMB’s strategic third-party investments aimed at supporting in-country capacity development, reducing reliance on traditional fuels, fostering sustainability and building a greener future for Nigeria.             

 

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Delivers Hope to Internally Displaced Persons in Benue State

Team Lead, CSR, Fidelity Bank Plc, Victoria Abuka (Left);...

Union Bank Responds to Court Ruling on NICON, Global Fleet, Jimoh Ibrahim Case

Union Bank of Nigeria acknowledges the recent judgment of...

NAICOM, CIIN Laud IMT for Advancing Tech-Driven Insurance in Nigeria

The Commissioner for Insurance (CFI) and the CEO of...

NCDMB Unveils Nigerian Content Fund Certificate, Empowers 130 firms with $400m NCI Fund

The Nigerian Content Development and Monitoring Board has introduced...

Local Content, NCDMB on the Spotlight at 2025 NOG Conference

The recently held 2025 Nigeria Oil and Gas (NOG)...

Topics

NIA Governing Council Visits NAICOM, Seeks Strategic Collaboration

The Commissioner for Insurance/CEO, Mr. Segun Ayo Omosehin, and...

Market Statistics Monday, 25th September 2017

Market Cap (N'bn)              12,188.9 Market...

‘Akili and Me’ New Season Debuts on AIT, Focuses on Words, Sounds

Ubongo, Africa’s leading edutainment production enterprise, has announced the...

TSA: CBN Sanctions UBA N2.9bn, First Bank N1.8bn

These are bad times for United Bank for Africa (UBA) Plc and First Bank Limited as both were sanctioned by the Central Bank of Nigeria (CBN) to the tune of N2.9 billion and N1.8 billion respectively for allegedly violating the Treasury Single Account (TSA) policy of the Federal Government. For First Bank, its shares nosedived to 10-year low as a result of the N1.88 billion sanction by the CBN. The bank’s shares fell by 3.9% to N5 in trading at the Nigerian Stock Exchange (NSE), its lowest fall since April 2005.

AccorHotels: A Record Year of Growth, Development in Africa

Straight from the African Hotel Investment Forum (AHIF) in...

FG Denies Raising Import Duties on Food Items

The Federal Government has vehemently denied reports that it...

AstraZeneca Unveils Ambitious Plan to Expand in Africa

British pharmaceutical laboratory AstraZeneca Plc just launched an expansion...

NCC EVC: ‘Consumers Remain our Focal Point’

      Prof. Umar Danbatta Executive Vice Chairman/CEO Nigerian Communications Commission (NCC) With consumers’...
spot_img

Related Articles

Popular Categories

spot_imgspot_img