NewStats: 3,259,365 , 8,169,915 topics. Date: Saturday, 24 May 2025 at 07:14 PM 2p3t2j

NIPCO, NGML to crash energy costs for industries, float Lekki Gas Project

Industries in the Lekki Free Trade Zone area in Lagos will begin to enjoy reduced energy costs, as NIPCO Gas in partnership with NNPC Gas Marketing Limited (NGML) commissioned the Lekki Gas Distribution Project for supply and distribution of natural gas in the Lekki area.

The infrastructure developed by NGML-NIPCO Gas JV has a capacity of over 100 mmscfd. The city gate station constructed by NGML-NIPCO Gas JV has a present capacity to flow fivemmscfd to 25 mmscfd of gas further extendable to over 100 mmscfd. Lekki Free Zone is having gas-based power plant of 24 MW capacity.

Speaking at the commissioning, Managing Director, NIPCO Gas Limited, Nagendra Verma, said the milestone marks a significant step towards unlocking and harnessing the nation’s abundant natural gas while boosting the economic development of Nigeria.

While acknowledging the efforts of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, the NIPCO Gas boss said: “The supply of piped natural gas by NGML-NIPCO JV will certainly help in development of Lekki Free Zone and Free Zone Enterprise licensed by NEPZA (FZE) in an exponential manner.

“This is also going to boost the industrialisation and employment opportunities in Lekki area which in turn will boost the economy of the country,” Verma stated.

He said NIPCO Gas believes that the collaboration between NGML and NIPCO Gas would attract industries to set up their facilities in the Lekki Free Zone due to advantages like proximity to the sea-port, export promotion zone advantages, improved road connectivity-hence providing better logistics for movement of raw materials or finished products among others.

According to him, the NGML-NIPCO Gas JV also has the natural gas distribution network along Lagos-Ibadan Expressway to aid supply of gas to industries to meet their energy requirement.

Stating that gas distribution is also being extended to Ibadan, Oyo State and Abeokuta, Ogun State, he said: “With the availability of a natural gas distribution network, a lot of industries are setting up their facilities there. This is resulting in overall development of the area with increased number of employment resulting in socio-economic upliftment of citizens.

“Industries are enjoying reliable, economical and clean fuel for powering their factories and other fuel needs. The use of natural gas has reduced industries’fuel bills drastically and lower equipment maintenance cost being the cleanest fuel,” he stated.

According to Verma, NIPCO Gas in partnership with NNPC Gas Marketing Limited is also expanding AutoCNG stations across Nigeria under Presidential CNG initiative.

“NIPCO Gas is sure that with of supply of piped natural gas to industries, NGML-NIPCO Gas JV will be able to keep and maintain lower AutoCNG prices.

“Also, the increased usage of domestic gas in industrial and automobile sector will certainly help the Federal Government in reduction in fuel importation bill and fuel subsidy burden,” he stated.

Managing Director, Managing Director of LFZDC, Dai Shunfa, expressed his happiness that the gas supply would further boost operations in the free trade zone and reduce the energy cost incurred by the companies.

“By providing a reliable and affordable source of energy, we are helping to create a more competitive and sustainable business environment,” he added.

https://guardian.ng/business-services/nipco-ngml-to-crash-energy-costs-for-industries-float-lekki-gas-project/

Lekki Free Zone Development Company FZC @lfzdclekki

Yesterday we played host to @nipcoplc and @nnpclimited at the commissioning of the Lekki gas distribution project and power plant. The NGML-NIPCO JV will certainly help in the development of Lekki Free Zone and will attract industries to set up their facilities seamlessly.

https://x.com/lfzdclekki/status/1829158300472225906

Previous thread:

Gas Pipeline Debuts In Eko Atlantic City
https://nairaland.unblockandhide.com/8178782/gas-pipeline-debuts-eko-atlantic

Lagos deserves multiple plants as a commercial city

Life is about Perspectives.

To Dangote and others in this Oil sector, they hit it biggest under Tinubu and to perpetual critiques, they are currently experiencing the opposite under him

The rate at which Lagos is advancing is alarming. The government and structure on ground dey allow development more than any other state for the country. How I wish all states can be like Lagos.
Eko ni baje !!!!!!!!!!

1 Cor 3:19-20
For the wisdom of this world is foolishness with God. For it is written, He taketh the wise in their own craftiness. And again, The Lord knoweth the thoughts of the wise, that they are vain.

We might think we are wise but we are nothing without the Almighty God. That's why Jesus Christ came and died for us all...

Add Jesus to ur life today and ur life will never be thee same again.

Shalom!!!

Everything Lagos.
Why?

When you get to Lekki free zone now you will hear and see another thing
Nigeria is a circus of clowns

Very good development. My Lagos no go spoil

osuofia2:
Everything Lagos.
Why?

He who God has blessed nobody can curse.

Lagos is blessed and will continue to be blessed.

Lagos is not only a diversified economy it also a diversified population allowing all tribes, nationals and religions to thrive.

Great, Ibeju-Lekki axis is an hot zone for investment to both home base and foreign investors.

Opportunity still available to buy land in a secure Estates either to build residential apartments in order to generate rental incomes or commercial plots to build Mall, Warehouse, School and all that.

You can as well buy and keep for future resale for huge capital gains.

We've been talking about this for long time and some have keyed into it already, opportunity still open to those who will like to build generational wealth.

osuofia2:
Everything Lagos.
Why?

Nobody invests where there is insecurity and lack of infrastructure. Very simple!

More power to una elbow!

A good development from our bloda from the east that always develop other people's region and never develop their region.

Na only Lagos dey for Nigeria?

NNPC Again?

osuofia2:
Everything Lagos.
Why?

Because our bloda is developing everywhere in Lagos

Must everything be in Lagos??

Olympiacos:


Because our bloda is developing everywhere in Lagos

Business thrive when there is peace and Lagos offers that. No investor will come invest in a place of uncertainty and chaos. UGM,bandits etc. Other state should sit up

Lalami3232:
The rate at which Lagos is advancing is alarming. The government and structure on ground dey allow development more than any other state for the country. How I wish all states can be like Lagos.
Eko ni baje !!!!!!!!!!

if all states is like Lagos, most non Lagosian will go back to their state.Do you know what that will do to the GDP of Lagos State?

Hope NNPC will not kobslize NIPCO.
NNPC that is having gbese of 22 trn naira.
NIPCO should be careful

Of what benefit

Can anything good come out of that company

Typing

Hope the common man will feel the effects soon

Good

Lagos State offers what investors needed, hence they were coming to lagos in large numbers.

Damilola0147:
Very good development. My Lagos no go spoil

My Lagos hehe as where u dey stay now na Ikorodu 😆 🤣