FG Commissions Monarch Alloys Limited Pipe Coating Facility .... A Giant Leap In Industrialization Process

"The pipe coating facility, which has an annual capacity of 2 million square meters externally and 1 million square meters internally, is poised to revolutionize the pipeline protection industry in Nigeria." 

In its advancement towards boosting the nation's industrial growth, the Federal Government has commissioned the Monarch Alloys Limited pipe coating facility in Ikorodu, Lagos State, a step seen as significant.

The facility, which was completed in just 18 months, marks a major milestone in Nigeria's economic development and demonstrates the country's commitment to local content development.

Speaking at the event, Senator John Owan Enoh, Minister of State for Industry, Trade and Investment, lauded Monarch Alloys Limited for reducing Nigeria's import dependency and expanding the value chain. "The investment aligned with the ministry's goal to promote value addition, job creation, and partnership for economic growth," he stated. 

He reiterated the federal government's commitment to fostering economic partnerships and industrialization through local investments, assuring that the government would provide an enabling environment for investments.

The pipe coating facility, which has an annual capacity of 2 million square meters externally and 1 million square meters internally, is poised to revolutionize the pipeline protection industry in Nigeria. 

According to Engr. Felix Omatsola Ogbe, Managing Director of the Nigerian Content Development and Monitoring Board (NCDMB), the facility aligns with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and would create significant economic benefits, including job creation and skills development.

The commissioning of the facility was attended by notable dignitaries, including Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), who announced a ban on waivers for threaded pipes in the Nigerian oil and gas industry. 

Lokpobiri emphasized the importance of local content policy to the nation's economy, assuring that the Federal Government would support manufacturers creating jobs.

Key Highlights of the Facility:

- Annual Capacity: 2 million square meters externally and 1 million square meters internally

- Job Creation: The facility is expected to create significant jobs and stimulate local manufacturing and logistics

- Local Content Development: The facility aligns with the NOGICD Act and demonstrates Nigeria's commitment to local content development

- Economic Benefits: The facility would contribute to national development, creating economic benefits and stimulating growth.