A 15-member Federal Government Inter-ministerial Team on Wednesday inspected a landmark LPG cylinder manufacturing plant built by Techno Oil Ltd. in Lagos, ahead of its inauguration.
The multi-billion-naira facility is expected to produce five million cylinders of various sizes annually and generate no fewer than 6,000 jobs. Speaking to newsmen after touring the plant, Mrs Brenda Ataga, Senior Adviser, Downstream and Infrastructure to the Minister of State, Petroleum Resources, said that government was working out a package of incentives to encourage more investors in oil and gas and especially the LPG sector.
The Executive Vice-Chairman of Techno Oil, Mrs Nkechi Obi, described the plant as a dividend of the Local Content policy of the Federal Government, which according to her, has spurred many indigenous companies to think outside the box. The industrialist said that the plant was built in partnership with a firm from Europe that had built similar plants in over 15 African and Asian countries.
Source:Â Vanguard
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