Business
Firm Unveils Techno Gas Cylinders At World Forum
Nigeria’s oil and gas major, Techno Oil Ltd. has unveiled its TechnoGas LPG cylinders at the 31st World LPG Forum rounding off at Houston, Texas in the U.S.
The unveiling of the cylinders formally makes Nigeria to join the big league of nations manufacturing LPG cylinders for export.
No fewer than 1,500 participants drawn from 72 countries and 89 companies exhibited various products with Techno Oil being the only African company that exhibited its cylinder products.
A dispatch by Techno Oil to The Tide source yesterday, quoted Mr Gbite Adeniji, Senior Special Adviser to the Minister of State for Petroleum Resources as expressing his delight that Nigerian companies are steadily making appearances on the world stage.
“I’m pleased to have visited your lovely stand and I’m highly impressed with what I saw of your products,’’ Adeniji said at the Techno Oil exhibition pavilion.
He said: “The cylinders look high quality. I continue to be impressed with your entrepreneurial spirit and commitment to the oil and gas sector.’’
Similarly, the Managing Director of Ultimate Gas Ltd., Alhaji Auwalu Ilu, lauded the management of Techno Oil for flying Nigeria’s flag at the global event.
He said he was impressed with the quality of the cylinders and implored Techno oil to continue to make Nigeria at the world stage.
On his part, the Executive Director Commercial, Nigerian Products Marketing Company, Mr Billy Okoye, expressed his delight with Techno Oil and its remarkable achievement in manufacturing cylinders.
Also speaking, the Deputy Director, Head, Downstream of the Department of Petroleum Resources, Mrs Ijeoma Onyeri, said she lacked words to describe the strides being made by Techno Oil in manufacturing cylinders locally.
She told the company to sustain the quality of its products and to ensure safety in its manufacturing operations.
In a speech at a ceremony to unveil the cylinders, the Executive Vice-Chair of Techno Oil, Mrs Nkechi Obi, flanked by the Managing Director of the company, Mr Tony Onyeama, and other senior management staff, said she was excited that Nigeria could now export cylinders.
She said that it was a fulfilling moment for her to announce to the world that made in Nigeria LPG cylinders could now be exported, rather than for Nigerians to continue to import cylinders and deplete its foreign reserves.
“We’re using this forum to announce to the world that TechnoGas cylinders have hit the market and we’re ready to meet every demand, local and international.
She told the gathering that Nigeria had expended billions of dollars importing LPG cylinders from various countries, especially China, India and other Asian countries.
Obi, whose company recently completed the building of Nigeria’s largest LPG cylinder manufacturing plant, said that TechnoGas cylinders would help the Federal Government to save resources in importing cylinders and their accessories.
“The era of Nigerians depending on sub-standard cylinders imported from India, China and other countries is over for Nigerian and West African households.
She, however, lamented that the world was leaving Nigeria behind in LPG adoption, in spite of Nigeria’s top position in the league of gas-rich nations.
Obi noted that some industrialists had taken the initiative to promote LPG adoption in Nigeria, in a bid to not only to secure the environment and the future but to save scarce resources expanded by Nigeria annually to import kerosene and other cooking fuels.
She restated her concern on the worsening consequences of using solid gases such as firewood and charcoal in Nigerian homes.
According to the LPG adoption advocate, the World LPG Forum has again raised the stakes for the Nigerian government to realise that there is no better time than now for government to pay serious attention to discouraging Nigerians from using solid gases in cooking.
According to her, while the aim of using firewood, charcoal, animal dung etc. is to get food cooked, the Nigerian woman and her household are unknowingly exposed to inhalation of a myriad of harmful gases on daily basis.
“It doesn’t end there, these gases have far-reaching effects on the environment as they contribute to global warming and climate change.’’
The Techno Oil chief argued that global warming and climate change were directly responsible for increased global temperatures, flooding, food insecurity and desertification.
“A paradigm shift is required and there is no better time than now because up to 70 per cent of Nigerian women spend time cooking, using mostly solid fuels, instead of adopting LPG.
“More worrisome is the fact that Nigeria has one of the highest proven reserves of gas and is also one of the highest exporters of LPG in Africa,’’ the industrialist stated.
Obi said there was need for government to join forces with LPG stakeholders to make Nigerians to embrace LPG in their cooking urgently.
She expressed her optimism that the efforts of some companies and interest groups in LPG adoption had started yielding dividends in Nigeria, citing the building of an LPG cylinder manufacturing plant in Lagos by Techno Oil to boost the LPG value chain. (NAN)
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.