NCDMB Commits $332 Million Into Commercial Ventures Partnership
The Nigerian Content Development and Monitoring Board (NCDMB) said it has committed a
total of $332 million under its commercial ventures partnership programme, with a view to
attracting project developments in-country valued at $3.7 billion.
According to Blueprint, Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote, revealed this in his keynote
address at the ongoing virtual bi-annual Nigerian Oil & Gas Opportunity Fair, NOGOF 2021.
According to Wabote, some of the partnerships undertaken by the Board include the 5,000bpd
Waltersmith Modular Refinery at Ibigwe, Imo State and NEDO Gas Processing Company in
Kwale, Delta State for the establishment of 80MMscfd 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.
The Board also partnered Brass Fertiliser for the development of a 10,000MT/day Methanol
Plant and 500MMscfd gas processing plant at Odiama in Brass as well as with Rungas Group for
the manufacturing of 1.2 million composite LPG cylinders annually in Bayelsa and Lagos States
and with Butane Energy to deepen LPG utilization in the North with the roll-out of LPG bottling
plants and depots in Kano, Kaduna, Katsina, Bauchi, Nassarawa, Zamfara, Niger, Plateau,
Gombe, Jigawa states and Abuja.
The Executive Secretary confirmed that some of the Board’s partnerships would be completed
and commissioned with the next two years, notably a modular refinery in Edo and Bayelsa State.
“We shall complete and commission composite LPG cylinder manufacturing plants with a
combined capacity of 1.2 million cylinders per annum. We shall commission three other projects
dedicated to gas processing, LPG bottling, and production of base oil.
