The sum of $332 million has been committed to commercial ventures partnership programme of Nigerian Content Development and Monitoring Board (NCDMB) to attract project developments worth $3.7 billion.
The Executive Secretary of NCDMB, Simbi Wabote, reported at the virtual bi-yearly Nigerian Oil & Gas Opportunity Fair (NOGOF) and said that partnerships of the Board with other organisations have been quite productive, especially in terms of value addition.
The Board’s partnership with Brass Fertiliser has led to the development of a 10,000MT/day Methanol Plant and 500MMscfd gas processing plant at Odiama in Brass.
The Board is also in partnership with Rungas Group for the manufacturing of 1.2 million composite LPG cylinders yearly in Bayelsa and Lagos states.
It is also in partnership with Butane Energy to deepen LPG utilisation in the North through the roll-out of LPG bottling plants and depots in Kano, Kaduna, Katsina, Bauchi, Nassarawa, Zamfara, Niger, Plateau, Gombe, Jigawa states and Abuja.
Wabote said some of the Board’s partnerships would be completed and inaugurated within the next two years, notably modular refineries in Edo and Bayelsa states.
“We shall complete and commission composite LPG cylinder manufacturing plants with combined capacity of 1.2million cylinders per annum. We shall commission three other projects dedicated to gas processing, LPG bottling, and production of base oil.
“We shall also commission and commence operations from our industrial parks at Odukpani and Emeyal-1 and we shall commercialise at least one R&D project and close skills gaps in under-water welding and any other core skill required in the industry,” he said.
Some of the other partnerships undertaken by the Board include the 5,000 barrels per day Waltersmith Modular Refinery at Ibigwe, Imo State and NEDO Gas Processing Company in Kwale, Delta State, for the establishment of 80 million standard cubic feet per day (MMscfd) gas processing plant and a 300MMscfd Kwale Gas Gathering hub.
Other investments include the development of 5,000 metric tons LPG Storage and loading terminal facility by Triansel Gas Limited in Koko, Delta State and construction of Energy Park, inclusive of a modular refinery, power plant and 40MMscfd gas processing facility at Egbokor, Edo State by Duport Midstream.
