NCDMB Re-strategises to Improve Nigeria’s Gas Investment

NCDMB Re-strategises to Improve Nigeria’s Gas Investment

Olusegun Samuel and Blessing Ibunge in Port Harcourt

The Nigerian Content Development and Monitoring Board (NCDMB) has noted that the country’s investment in gas production was poor, saying the board has developed strategies to improve investment partnerships in the sector.

The federal government agency was reacting to the global demand for cleaner energy sources and the demand for the reduction of global carbon emissions continues to rise.

General Manager, Corporate Communication and Zonal Coordinator of NCDMB, Dr. Ginah O. Ginah, disclosed this yesterday, during a Nigerian Content Capacity Building Workshop for media stakeholders with the theme: ‘Enhancing Media Competencies to Support Nigerian Content in a Gas Economy,” held in Port Harcourt.

He said NCDMB had mapped out strategies to ensure that gas was made Nigeria’s transition fuel.

Ginah recalled that President Muhammadu Buhari’s had declared that 2021 – 2030 was Nigeria’s Decade of Gas and had announced the federal government’s determination to fully exploit the nation’s abundant gas resources.

“Recall that President Muhammadu Buhari’s made a commitment at COP26 held in November 2021 at Glasgow that Nigeria will seek to achieve net zero by 2060, which means cutting greenhouse gas emissions to as close to zero as possible,” he said.

According to Ginah, the Board had partnered with credible investors to develop critical projects in the sector to take Nigeria towards the goal, and that in total, it has gone into partnership with 15 firms to set up projects covering modular refining, gas processing, gas distribution, power generation and manufacturing.

He also revealed that, “some of the gas-based projects of the board include a partnership with Rungas to produce 1.2million LPG Composite cylinders per annum in Bayelsa and Lagos States, and that it also collaborated with NEDO Gas Processing Company in Kwale, Delta State for the establishment of 80 million standard cubic feet per day gas Processing Plant and a 300 million standard cubic feet per day Gas Gathering hub.”

He said, “It is worthy of note that 70 per cent of our investments are on gas-based activities, especially midstream and downstream gas. Our investments underscore the importance of gas to Nigeria’s economic sustainability, apart from its role in the energy transition.

“We know for certain that gas can lead Nigeria to food sufficiency, industrialisation, increase in Gross Domestic Product, and electric power sufficiency.

“Above all, the investments by the NCDMB are helping to create employment opportunities for Nigerian youths, catalyse the local economy and achieve the Nigerian Content 10-Year Strategic Roadmap.

“The Board is also working with Duport Midstream to establish an Energy Park at Egbokor, Edo State. The park would include a 40 million standard cubic feet per day gas processing plant, 2,500 barrels per day modular refinery and 20 megawatts power plants.

“The Board partnered with the NNPC to invest in Brass Fertilizer and establish 10,000 tonnes per day Methanol Production plant at Odioama, Brass, Bayelsa State, just as we are investing with Triansel Gas Limited in Koko, Delta State to establish a 5,000 Metric Tons per day LPG Storage and Loading Terminal Facility.

“Another important partnership is with Southfield Petroleum to establish 200 million metric standard cubic feet of gas processing plant at Utorogu, Delta State. The project will produce 123,000 Million Tons Per Annum of LPG, about 10 percent of current LPG demand nationwide.” 

Ginah further revealed that the Board was collaborating with Amal Technologies to set up a plant in Abuja, to produce Smart Gas/Smoke Detector Alarm devices.

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