The Federal Government has officially prohibited the issuance of waivers for importing threaded pipes used in Nigeria’s oil and gas industry.
This move is aimed at boosting local production and strengthening Nigeria’s local content policy.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri,
issued the directive to the Nigerian Content Development and Monitoring Board during the commissioning of Monarch Alloys Limited’s concrete weight coating plant in Lagos on Thursday.
The newly commissioned facility boasts an annual external coating capacity of two million square metres and an internal coating capacity of one million square metres.
It is designed to serve both onshore and offshore pipeline projects, particularly those requiring longer pipelines and deeper seabed installations, where advanced corrosion protection is critical.
At the commissioning, Lokpobiri emphasized that investments like Monarch Alloys must be patronized locally to encourage more private sector participation in the oil and gas industry.
He underlined the strategic role of the local content policy in driving Nigeria’s economic growth and job creation.
“We would not allow dumping of pipes or such things anymore; we have a duty to support our industries to grow,” Lokpobiri stated.
John Enoh, Minister of State for Industry, Trade and Investment, commended Monarch Alloys for its role in reducing Nigeria’s dependence on imports and expanding the industrial value chain. He highlighted that the company’s investment aligns with his ministry’s core agenda of promoting value addition, job creation, and fostering economic partnerships, all crucial to achieving sustainable industrial development in Nigeria.
The Minister of State for Industry, Trade and Investment, John Enoh,
commended Monarch Alloys for its role in reducing Nigeria’s dependence on imports and expanding the industrial value chain.
He highlighted that the company’s investment aligns with his ministry’s core agenda of promoting value addition, job creation, and fostering economic partnerships, all crucial to achieving sustainable industrial development in Nigeria.
“The investment also serves as a model for continuous collaboration between the private sector and government and creates opportunities,” Enoh said.
Enoh further stated that Nigeria’s economic growth hinges on industrialisation, reaffirming the government’s commitment to providing an enabling environment for investments.
In his address, the Executive Secretary of NCDMB, Felix Gone, commended the investment, noting that it fulfils the board’s mandate. “This means companies like Monarch Alloys are not just contributing to industrialisation but are also positioned to benefit directly from local contracting opportunities,” he said.
