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Tuesday, November 8, 2016
In Nigeria Techno Oil Ltd. has sealed a deal with Cakasa Nigeria Ltd. for the construction of a 12,000 metric ton automated LPG terminal in Lagos State.
MD of Techno Gas and Power, Collins Onyeama speaking at a ceremony to officially sign the agreement between the two firms, said the project was part of effort to boost the utilization of cooking gas as a source of domestic fuel by many households in the country in place of kerosene and firewood.
The construction of the plant is being funded by Access Bank and it is scheduled to be complete by November 2017.
“This facility being built at the Kirikiri coastline at Apapa in Lagos is expected to boost LPG storage holding in Nigeria and it would be handled by CAKASA in partnership with a leading European firm that had handled similar facilities in Nigeria and other African countries,” said Onyeama. “I am optimistic that the facility would be a game-changer in getting more Nigerians and people in West Africa to embrace LPG for cleaner, safer and healthier environment,” he added.
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