NCDMB Laments Huge LPG Consumption Gap in Nigeria
Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has decried the low consumption of cooking gas (Liquefied Petrol Gas).
He said that the one million metric tonnes (mt), LPG consumption recorded in 2020 still remains the lowest per capita LPG consumption in Africa.
The NCDMB boss who spoke at the inauguration of Selai Gas Limited, 30 metric tons gas refilling plant in Lagos state, noted that the implication of the huge LPG consumption gap is that there exist a huge opportunity for increasing LPG penetration in Nigeria.
He noted that Selai Gas Station Ltd is among the few firms that have positioned themselves to benefit from that window of opportunity in the gas value chain.
Wabote said in Nigeria’s journey through “Decade of Gas” government is disposed to welcoming women in the value chain, and described the chief executive officer of Selai Gas Ltd, Ms Damilola Owolabi, as one the front-runners that are taking practical steps in the gas delivery business.
The ES who was represented the shop opening ceremony in Lagos by the manager, projects certification and authorization (PCAD), Mr. Adewale Adenugba, said that the firm is well-positioned to benefit from the $40m Women in Oil and Gas Intervention Fund deployed by the NCDMB and Nexim Nigerian Export-Import Bank.
He further explained that the Board had in recent years partnered with private sector players to invest in the gas value-chain, including the development of LPG storage terminals and jetties, inland gas processing to produce LPG, infrastructure for gas gathering, manufacturing of composite LPG cylinders and other projects.
Wabote noted that the economic, social and environmental benefits of switching from fossil fuel to gaseous forms are equally enormous, pointing out that the deaths and illnesses recorded in the use of firewood are nothing to be proud of for a country sitting on 203tcf of proven gas reserves.
Speaking at the event, the Chief Executive Officer of Selai Gas Station Ltd, Ms Owolabi said that part of the firm’s market entry strategy is the introduction of a cylinder programme for women.
She explained that under the scheme, certain categories of women would get gas cylinders at reduced costs to encourage them to switch to cooking gas.
The CEO also said that the company also plans to engage tricycles riders to deliver refilled cylinders to customers’ homes. She added that the firm would go into manufacturing of gas cylinders and had already secured a suitable location for it.