, 8 tweets, 6 min read Read on Twitter
Thank you. Good to know!

There you have it, people! Nigeria has removed VAT on LPG (‘cooking gas’), as part of efforts to drive domestic production and utilization. Big piece of news coming tomorrow in that space, by the way, watch this space!
Today VP @ProfOsinbajo Commissioned an LPG Cylinder Manufacturing Plant, built by Techno Oil, in Lekki, Lagos.

According to the Company, “At full capacity, the plant will produce over 5 million units of standard LPG cylinders annually for Nigeria and markets in West Africa.”
“Techno oil has built the first fully indigenous automated LPG cylinder manufacturing plant at Kajola, Lagos, Nigeria, with capacity to produce over 5 million pieces of LPG cylinders annually.” technooil.com/lpg-cylinder-m…
“It is our expectation that with the commissioning of the plant, LPG cylinders would no more be imported into Nigeria.” technooil.com/lpg-cylinder-m…
Here’s where the story started: “Techno Oil to build Nigeria’s biggest LPG terminal” — November 2016 google.com/amp/s/punchng.…

It’s now reality. Commissioned by VP @ProfOsinbajo on June 7, 2019. Said to be largest of its kind in West Africa energymixreport.com/techno-oil-lau…
#InvestNigeria
Completion of the Techno Oil LPG Manufacturing Plant is actually one of the success stories of @AsoRock’s Economic Recovery & Growth Plan(ERGP) Focus Labs, launched by President @MBuhari in 2018.

[This from @BusinessDayNg - Jan 2019: businessday.ng/energy/oilandg…]
“Focus Labs have been successfully used in other countries. The ERGP Labs in Nigeria are designed as closed-door investment platforms to identify and accelerate high-impact projects with significant impact on GDP and job creation.” — Pres @MBuhari, March 13, 2018 [📷 from Launch]
“The Focus Labs will also enable pre-screened private sector investors to have access to senior government officials, regulators, and cabinet ministers. The goal is to efficiently and effectively resolve the most pressing bottlenecks delaying their proposed investments.” — PMB
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