Get Guardian on GoogleAt the commissioning of Monarch Alloys Limited’s 3LPE and Concrete Weight Coating Facility in Ikorodu, Lagos, yesterday, the Federal Government and the Nigerian Content Development and Monitoring Board (NCDMB) affirmed that Nigeria is on a mission to end the country’s status as a dumping ground for foreign industrial products.
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said under the leadership of President Bola Tinubu, the government was committed to encouraging local industries and eliminating the need for imported Chinese pipes and other oil and gas-related products.
He emphasised the ageing nature of the country’s pipeline infrastructure, stating that many pipelines have outlived their lifespan, which presents opportunities for indigenous firms like Monarch Alloys to provide solutions.
The government pledged to halt the issuance of waivers for the importation of Chinese-manufactured pipes, in a bid to protect and promote local industry capacity within the oil and gas sector.
Lagos State Governor Babajide Sanwo-Olu, represented by the Secretary to the State Government, Bimbola Salu-Hundeyin, praised the firm for investing in a facility that would “enhance pipeline safety, drive job creation, and support Lagos’ industrialisation goals.”
He noted that the project reflects investor confidence in the state and aligns with Lagos’ vision of economic diversification and inclusive growth.
Executive Secretary of the NCDMB, Felix Ogbe, described the facility as “more than just the launch of a new plant,” but a strategic move to strengthen Nigeria’s oil and gas value chain.
