FG to unveil Techno Oil LPG Lagos terminal November 18

Techno Oil LPG

The federal government’s drive to stimulate job creation has started yielding dividends with Techno Oil Limited set to inaugurate an automated Liquefied Petroleum Gas, LPG, the terminal at Kirikiri in Apapa, Lagos. The plant is expected to generate 2,000 jobs.

Collins Onyeama, managing director, Techno Gas and Power, said the facility would be inaugurated by Timipre Sylva, minister of state for petroleum resources, on November 18. He said the building of the terminal, which holds 8,400 metric tons of cooking gas, began in 2016 and that it was built by CAKASA Nigeria Limited in collaboration with foreign technical partners.

He said that the facility would boost the realisation of the LPG Expansion Project of the Federal Government. “The terminal will generate revenue for all tiers of government through taxes and levies and more importantly generate over 2,000 direct and indirect jobs for the teeming Nigerian population,” he said.

Onyeama said a vessel, MT Pertusola had since discharged products, emanating from the OSO-Butane Bonny Terminal in Rivers at the Techno Oil facility. According to him, the terminal is a big boost to the quest by government to deploy LPG infrastructure, which he described as currently inadequate in Nigeria.

He noted that the terminal would deepen LPG adoption and help in the resolve of the present administration to encourage the private sector to provide jobs for the populace. He said the investment would also contribute significantly to gas flaring reduction.

The managing director reiterated that Techno Oil embarked on the project to boost the drive by the Federal Government to increase consumption of LPG, currently standing at about 400,000 metric tons in Nigeria yearly. He described the deployment of the facility as another milestone for his company after the inauguration of a landmark LPG manufacturing plant, owned by the company by Vice-President Yemi Osinbajo in June 2019.

Onyeama said he was delighted that Techno Oil was contributing its quota in getting more Nigerian homes to embrace cooking gas for a cleaner, safer and healthier environment. He expressed optimism that the availability of cooking gas would discourage Nigerians from using firewood, kerosene, and other inelegant materials for cooking.

– Nov. 13, 2020 @ 15:55 GMT |

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