Business
Osinbajo Inaugurates Largest LPG Cylinder Plant, Today
Vice-President Yemi Osinbajo is to inaugurate a cooking gas manufacturing plant in Lagos today.
The Tide source learnt that the plant is the biggest of its type in West Africa.
The Chief Executive Officer of Techno Oil Group, Mrs. Nkechi Obi, told reporters in Lagos that the building of the plant commenced in 2015.
She said that the project was undertaken by Techno Oil in its bid to accelerate cooking gas adoption in Nigeria.
“His Excellency, the Vice-President, Prof. Yemi Osinbajo, has graciously accepted to commission our Liquefied Pressure Gas (LPG) manufacturing plant for the service of Nigerians and humanity.
“The commissioning is slated for June 7 at the premises of the plant along the Ajah-Epe highway in the Ibeju-Lekki Ajah Local Government Area of Lagos State.’’
She said that Techno Oil secured the services of a company from Europe to build the plant with strict supervision of various regulatory agencies, including the Standards Organisation of Nigeria.
“We expect that the plant will go a long way in generating hundreds of jobs for the teeming Nigerian population, especially those residing in Lagos.
“At full capacity, the automated plant will produce over five million units of standard LPG cylinders annually for the Nigerian market and markets in the West African sub-region.
“This project is another milestone in our company’s efforts at bridging the infrastructure gap hindering the penetration and adoption of LPG in Nigeria,’’ Obi stated.
According to her, the plant will not only generate jobs but will also come handy in driving the Nigerian economy through innovation, in line with the policy objective of the Federal Government.
She said that Techno Oil was keen on ensuring the success of the Clean and Green Energy initiative of the Lagos State government, aimed at promoting environmentally friendly practices.
Obi restated that Nigeria had no reason to be importing LPG cylinders at this stage in the nation’s development because of the capital flight, engendered by importing cylinders and the tendency of unscrupulous people to import fake and sub-standard cylinders.
She harped on the need for Nigerians to embrace LPG for their domestic needs, rather than continuing to depend on unhealthy and hazardous energy sources such as kerosene, fire wood and charcoal.
The Techno Oil chief expressed her optimism that Nigeria would start exploiting its abundant gas resources optimally for faster growth of the economy.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
