A 15-member Federal Government Inter-ministerial Team on Wednesday inspected a landmark LPG cylinder manufacturing plant built by Techno Oil Ltd. in Lagos, ahead of its inauguration.
The multi-billion-naira facility 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, Mrs Brenda Ataga, Senior Adviser, Downstream and Infrastructure to the Minister of State, Petroleum Resources, said that government was working out a package of incentives to encourage more investors in oil and gas and especially the LPG sector.
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, who lauded Techno Oil for venturing into the high-risk venture, said that the petroleum resources ministry was doing everything possible to make Nigerians to embrace LPG.
She said that government was keen on ensuring that every Nigerian household embraced cooking gas rather than using fire wood and other harmful energy sources.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 Organisation 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 by investors.
Olujie said 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, 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.
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