No more dumping, FG bans waiver for threaded pipes importation

• Published On: 27 April 2025 at 13:59

The federal government has formally forbidden the issuing of waivers for the import of threaded pipes used in Nigeria's oil and gas industry.

This approach aims to increase local production and reinforce Nigeria's local content policy.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri

The mandate was delivered to the Nigerian Content Development and Monitoring Board on Thursday, during the commissioning of Monarch Alloys Limited's concrete weight coating plant in Lagos.

The newly commissioned facility has an annual external coating capacity of two million square metres and an internal coating capacity of one million square metres.

It is intended for use in both onshore and offshore pipeline projects, particularly those needing longer pipes and deeper seabed installations where enhanced corrosion protection is needed.

At the commissioning, Lokpobiri underlined the need of supporting local investments like as Monarch Alloys in order to encourage more private sector participation in the oil and gas business.

He emphasized the strategic importance of local content policy in accelerating Nigeria's economic growth and employment creation.

"We would not allow dumping of pipes or such things anymore; we have a duty to support our industries to grow," he said.

John Enoh, Minister of State for Industry, Trade, and Investment, praised Monarch Alloys for their contribution to lowering Nigeria's reliance on imports and strengthening the industrial value chain. He emphasized that the company's investment is consistent with the primary mission of his ministry, which is to promote value addition, job creation, and economic partnerships, all of which are critical to Nigeria's long-term industrial development.

The Minister of State for Industry, Trade, and Investment, John Enoh

praised Monarch Alloys for its contributions to lowering Nigeria's reliance on imports and expanding the industrial value chain.

He emphasized that the company's investment is consistent with the primary mission of his ministry, which is to promote value addition, job creation, and economic partnerships, all of which are critical to Nigeria's long-term industrial development.

"The investment also serves as a model for continuous collaboration between the private sector and government and creates opportunities," Enoh told reporters.

Enoh also emphasized that Nigeria's economic progress is dependent on industrialisation, reinforcing the government's commitment to creating an enabling environment for investment.

In his speech, NCDMB's Executive Secretary, Felix Gone, praised the investment and noted that it fulfills the board's role. "This means companies like Monarch Alloys are not just contributing to industrialisation but are also positioned to benefit directly from local contracting opportunities," he claimed.

Tagged: FG.