Government lauds Techno Oil LPG cylinder plant
Members of the Federal Government Inter-ministerial Team inspected the Liquefied Petroleum Gas (LPG) cylinder manufacturing plant built by Techno Oil Limited in Lagos, ahead of its inauguration.
They therefore lauded the company for the multi-billion-naira facility, which is expected to produce five million cylinders of various sizes annually and generate no fewer than 6,000 jobs.
Speaking to newsmen after touring the plant, Senior Adviser, Downstream and Infrastructure to the Minister of State, Petroleum Resource, Mrs Brenda Ataga, said that government was working out a package of incentives to encourage investors in oil and gas.
She said the ministry of petroleum resources would set up a unit to liaise with the Federal Ministry of Finance to package tariff incentives for credible investors in the oil and gas sector.
Ataga, said that the petroleum resources ministry was doing everything possible to make Nigerians to embrace LPG.
Also speaking, the Head, Gas Monitoring and Regulatory Division in the Department of Petroleum Resources, Mr Sanya Bajomo, said that he was impressed with what he saw at the plant.
“It is a thing of joy that we can now manufacture LPG cylinders in Nigeria, instead of importing.
“We give kudos to Techno Oil for preparing the ground for every household to adopt cooking gas.’’
Similarly, a representative of the Standards Organization of Nigeria (SON), Mrs Nwaoma Olujie, commended Techno Oil for building the plant.
She noted, however, that SON would never relent in ensuring that set standards were strictly followed in the deployment of facilities.
Olujie said that it was necessary for indigenous companies to venture into manufacturing of facilities needed by Nigerians to discourage importation of fake products into the country.
The Executive-Vice-Chairman of Techno Oil, Mrs Nkechi Obi, expressed her happiness with the team for taking off time to inspect the plant, remarking that “seeing is believing’’.
She described the plant as a dividend of the Local Content policy of the Federal Government, which according to her, has spurred many indigenous companies to think outside the box.
The industrialist said that the plant was built in partnership with a firm from Europe that had built similar plants in over 15 African and Asian countries.
“Techno Oil embarked on the project as part of our contribution to the drive by the Federal Government to deepen LPG consumption.’’
Obi re-stated that the building of the plant, to be inaugurated soon would enable government to save scarce resources, expended yearly to import LPG cylinders from Turkey, China, India and other Asian countries.
According to her, most of the cylinders imported into Nigeria are often fake, endangering the lives of users.
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