Tuesday, December 10, 2024
24.7 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

Stanbic IBTC Bank Nigeria PMI: Inflationary Pressures Remain Elevated in November

Rates of inflation in the Nigerian private sector remained...

Stanbic IBTC Pension Managers’ FUZE 3.0 Festival: Set to Light up Lagos on Dec 21

In a spectacular celebration of Nigerian creativity and innovation,...

Media is Key Partner in Growth of Capital Market in Nigeria

Welcome Address by the Chairman of 2024 CAMCAN Workshop,...

PNC 2024 Ends as NCDMB Commits to Deeper Community, Industry Engagements

The Executive Secretary, Nigerian Content Development and Monitoring Board...

NAICOM, CIIN Partner on Key Market Initiatives

The Commissioner for Insurance (CFI) hosted the Council of...

Topics

NCC Announces Change to Fixed Lines Numbering Format

The Nigerian Communications Commission (NCC), in keeping with its...

NAICOM to Engage Insurers on 10-Year CEO Tenure Code

The National Insurance Commission (NAICOM) says it will engage...

Linkage Assurance Donates Traffic Materials to FRSC

R-L: Okonlawon Adelagun, ED, Technical; Daniel Braie MD/CEO,  both...

‘Digital Economy to Surpass 10% of African GDP in 10 Years’

The impact of digital technology in the creation of...

Nigeria Ranks 127 in WEF 2016-2017 Global Competitiveness Report

Mauritius remains Africa’s most competitive nation (45th worldwide), World...

NCC Extends Submission of Application for Hackathon

The Nigerian Communications Commission (NCC) has extended the deadline...

Global Airlines Financial Monitor: August 2018

Key Points: The latest Q2 2018 data reaffirm a...

Stanbic IBTC Capital Clinches Five Honors at 2024 AIHN Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings...
spot_img

Related Articles

Popular Categories

spot_imgspot_img