• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Nigerian Content In Oil & Gas Industry Hits 54% – NCDMB Boss

Nigerian Content Board, Partners Working To Produce 10% Local LPG Demand – NCDMB Boss 

3 years ago
Binance

After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

2 minutes ago
South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

29 minutes ago
Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

12 hours ago
SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

15 hours ago
Cameroon: Police Lay Siege At Opposition Leader’s Home

Cameroon: Police Lay Siege At Opposition Leader’s Home

16 hours ago
Tuesday, June 10, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Gabon: Former Coup Leader Sworn In As President

    Gabon To End Export Of Manganese By 2029, Import Of Chicken 2027

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Gabon: Former Coup Leader Sworn In As President

    Gabon To End Export Of Manganese By 2029, Import Of Chicken 2027

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Nigerian Content Board, Partners Working To Produce 10% Local LPG Demand – NCDMB Boss 

March 5, 2022
in Economy, Top Stories
0
Nigerian Content In Oil & Gas Industry Hits 54% – NCDMB Boss

NCDMB Executive Secretary, Engr. Simbi Wabote.

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani 

The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to work with select partners to produce Liquified Petroleum Gas (LPG) also known as cooking gas that would meet 10% of current nationwide demand.

Relatedreading

After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

This was made known by the Executive Secretary of the Board, Engr. Simbi Wabote while speaking at the 2022 Nigerian International Energy Summit (NIES), which ended in Abuja on Thursday.

He said the Board recently secured the approval of its Governing Council for a partnership to produce 123,000 metric tonnes per annum LPG, which is about 10 percent of current demand nationwide, from the Utorogu Gas Plant, in Warri, Delta State, to enhance local production of LPG and reduce import requirements.

The move, according to him was a part of the Board’s latest efforts geared towards actualizing the Federal Government’s Decade of Gas Policy as well as the overarching Nigerian Content aspirations which are to deepen in-country capacities in the oil and gas industry, create jobs for the teeming youths and retain spending in the economy.

The NCDMB boss also highlighted other Board’s investments and partnerships in the gas sector to include the creation of a 10 hectares gas hub in Polaku, Bayelsa State for hosting gas-based infrastructure and facilities, LPG jetties/terminals, storage facilities, inland transportation, cylinders manufacturing, bottling, and retail.

According to him, “Our partnerships in the gas sector have unlocked 6,000metric tonnes of LPG storage facilities, annual production of 1.2million LPG composite cylinders, and infrastructure and facilities for processing of 840MMscfd of gas across fourteen states of the federation namely Bayelsa, Delta, Edo, Lagos, Kano, Kaduna, Katsina, Bauchi, Nassarawa, Zamfara, Niger, Plateau, Gombe, Jigawa states and the Federal Capital, Abuja.”

Commenting on the recently passed Petroleum Industry Act (PIA), Engr. Wabote encouraged international and local operators in the industry to approve final investment decisions (FID) for new projects to justify the energies that went into enacting the business-friendly legislation.

He hinted that NCDMB was always eager for new projects to be approved for sustainable growth in the industry and expressed hope that some new projects would soon be announced on the back of the PIA 2021.

Contributing to the theme of the conference, which was on “Revitalising the Industry: Future Fuels and Energy Transition”, the NCDMB boss explained that various transitions from one form of energy to another have been driven by the availability and utilization of local resources.

The NCDMB boss recalled that mankind used various energy sources, ranging from biomass in the 15th century, coal in the 19th century, and crude oil and its derivatives at the beginning of the 20th century, gas in the late 20th century, and now the push for renewable sources in the 21st century.

He remarked that the past energy transitions did not witness the total jettisoning of the previous form of energy, forecasting that what would be experienced in this era would also be a re-adjustment of the energy mix.

Engr. Wabote argued that the western world’s agenda for energy transition was motivated by the depletion of hydrocarbon reserves and forests in their locality, leading to their push for renewables and green energy to power their economies. He said that the United Kingdom and most European nations currently rely heavily on oil importation, and they consider this scenario a threat to their energy security, thus their push for the locally available form of energy to come into prominence in the mix.

He maintained that forcing or nudging other nations to set timelines to reduce or abandon their locally available form of energy will be counter-productive and cause disruptions in global energy supply, hinting that it had already begun to demotivate new investments in oil and gas developments worldwide.

The Executive Secretary warned that the ongoing clamour for energy shift, energy swap, and energy transition by the western world is a pre-notice of the impending stoppage of production of equipment, technology, and consumables required to exploit and explore hydrocarbon resources.

To overcome this challenge, African nations must begin to develop or adapt technologies such as rigs, and other equipment that will enable the production and utilization of our hydrocarbons. “Homegrown technology and innovation are indispensable to ensure local resources are not discarded prematurely,” he said.

The NCDMB boss insisted that a nation’s natural resources must remain on its energy mix as much as possible, adding that timely and full exploitation and utilization of natural resources are essential pre-requisites for the creation of employment opportunities and societal development.

He confirmed that Nigeria had developed a path for Research & Development in the oil and gas industry and NCDMB is paying attention to R&D through different platforms, including organising the Research & Development Fair event, launch of the $50 million R&D Fund for basic research, commercialization of inventions, establishment of R&D Centers of Excellence and endowments.

Tags: breakingEngr. Simbi WaboteHeritageheritage timesheritagetimesmedialatestnewsNigerian Content Development and Monitoring Board (NCDMB)Nigerian International Energy Summit (NIES)Petroleum Industry Act (PIA)the heritage timesthtthtafricatop storiesUtorogu Gas Plant
ShareTweetSend
Previous Post

Zelensky Slams NATO’s Refusal To Establish No-fly Zone Over Ukraine

Next Post

British Journalist Shot And Wounded In Ukraine

Related Posts

Binance

After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

June 10, 2025
South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

June 10, 2025

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

Cameroon: Police Lay Siege At Opposition Leader’s Home

Fan Confirmed Dead During UEFA Nations League Final

Next Post
British Journalist Shot And Wounded In Ukraine

British Journalist Shot And Wounded In Ukraine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Binance

After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

June 10, 2025
South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

June 10, 2025
Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

June 9, 2025
SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

June 9, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

June 10, 2025

South Sudan Is Taking Significant Steps To Preserve Its Cultural Heritage

June 10, 2025

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

June 9, 2025

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

June 9, 2025

Cameroon: Police Lay Siege At Opposition Leader’s Home

June 9, 2025

Fan Confirmed Dead During UEFA Nations League Final

June 9, 2025

JUST IN: Yamal Fires Blank As Portugal Pip Spain To Win UEFA Nation League

June 8, 2025

A New Dawn for Rivers State

June 8, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In