Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant

April 27, 2023
Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, on Wednesday led representatives of international oil and gas companies and their service counterparts to visit Orbit Galvanized Steel Industries Limited at Ikorodu, Lagos, a subsidiary of the African Industries Group (AIG).

One of the assets of the company is a state-of-the-art fabrication and hot dip galvanizing plant. The firm also has capacities to manufacture and supply substation structures, telecom/microwave towers, solar module mounting structures, and railway structures, and is currently active in solar power, electric power, mining, and agriculture.

Join our WhatsApp Channel

The visit was in line with NCDMB’s  mandate and continued efforts in supporting the development of in-country capacities that would serve the Nigerian oil and gas industry and allied sectors.

Speaking after inspecting the facility, the NCDMB Executive Secretary observed that the galvanizing plant was conceived to serve other sectors of the economy, but the promoters realized that they could equally take advantage of the opportunities in the Nigerian oil and gas industry, which prompted the invitation of NCDMB and other stakeholders to their facility.

Wabote commended the company for their investment, noting that having a diverse clientele would enable its sustainability and profitability.

He said the company had huge potential and needed to be supported to enable it to meet all the technical standards required by the oil and gas industry.

He emphasized that the oil and gas industry operates with very strict standards and zero tolerance for compromise because any failure would have colossal consequences on human lives and economic resources.

Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant
Orbit Galvanized Steel Industries Limited at Ikorodu, Lagos

Wabote urged Orbit Galvanized Steel to work assiduously on getting the relevant certifications and meeting the standards of the oil and gas industry, as well as registering with all the relevant regulatory agencies in the country.

He said the galvanizing facility might help address the challenge faced by the NLNG Train 7 Project in finding the required operational galvanizing capacity in-country.

He charged Nigeria LNG Ltd and the consortium of service companies contracted on the Train 7 project -Saipem, Chiyoda, Daewoo – to work closely with Orbit Galvanized Steel to upgrade the galvanizing facility to the required standards so it can provide services for their project and other potential projects in the future.

He reiterated that the Nigerian Oil and Gas Industry Content Development (NOGICD) Act mandates the Board to ensure that critical capacities developed in Nigeria are patronized by the oil and gas industry, to create employment opportunities and retain spend in the local economy.

He assured the company that NCDMB will support its progress and ensure that its proposed fabrication yard is patronized when completed.

Wabote invited the management of the firm to the 4th Nigerian Oil and Gas Opportunity Fair (NOGOF) which is a platform where all potential projects in the oil and gas are showcased so the industry players can prepare themselves to participate in them.

Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant
Galvanizing plant

The Group Executive Director of Orbit Galvanized Steel, Mr Uche Iwuamadi, asserted that the company is the only integrated tower manufacturing company in Nigeria.

Iwuamadi hinted that “the entire end-to-end process, right from iron ore mining to the casting of billets, to fabrication and galvanizing is done in-house within Nigeria, and that creates employment opportunities for many Nigerians.”

Responding to inquiries from representatives of the oil and gas companies, Iwuamadi stated that the galvanizing facility has a production capacity of 3600 tonnes per annum and a maximum of 6 tonnes per batch.

He thanked NCDMB and the oil industry personnel for visiting their facility and assured them that the company’s growth will add immense value to the Nigerian economy.

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation
Previous Story

Electricity Consumers Accuse TCN Of ‘Hidden Agenda’ Against Aba Power

JAMB's EOG Supervises 27 Visually Impaired Candidates Write 2023 UTME In Enugu
Next Story

JAMB’s EOG Supervises 27 Visually Impaired Candidates For 2023 UTME In Enugu

Featured Stories

Why CBN Retained Bencmark Interest Rate At 27.5%

CBN: Curbing Bank Frauds

By Arize Nwobu The Central Bank of Nigeria ( CBN) is in the forefront and in collaboration with other regulatory institutions to

Latest from Business

Naira vs Dollar: What To Expect This Week (31st March – 5th April 2025)

Dollar, Pound, Euro Rates Drop In Official Market

At the end of trading on Tuesday, January 27, the foreign exchange (FX) rate for the dollar decreased to N1,409.5 kobo per $1 in the Nigerian foreign exchange market (NFEM). According to the NFEM data provided by the Central Bank of Nigeria
The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

NGX Market Cap Grows By N125.64bn

Over N125.64 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Tuesday, January 27, as the market capitalisation closed at N106.08 trillion. The market valuation of the NGX had closed trading at N105.96 trillion on Monday,
Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

Cement Companies With Highest Valuation In Nigeria In 2025

The valuation of the cement companies on the Nigerian Exchange (NGX), also known as the stock market, increased by 49.67 percent or N6.13 trillion between January and December 2025. According to Prime Business Africa’s analysis, the market valuation of the cement companies

Instagram, Facebook, WhatsApp Users to Pay Under New Plan

Meta says it will begin testing premium subscription services across Instagram, Facebook and WhatsApp, as the company looks to expand paid offerings alongside its free social media platforms. The technology firm said the subscriptions would unlock additional features, including advanced artificial intelligence
Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation
Previous Story

Electricity Consumers Accuse TCN Of ‘Hidden Agenda’ Against Aba Power

JAMB's EOG Supervises 27 Visually Impaired Candidates Write 2023 UTME In Enugu
Next Story

JAMB’s EOG Supervises 27 Visually Impaired Candidates For 2023 UTME In Enugu

Don't Miss

EFCC Arrests Fake Military Officers Impersonating CDS

EFCC Arrests Fake Military Officers Impersonating CDS

The Economic and Financial Crimes Commission (EFCC), on Wednesday, 26

How Zimbabweans can choose the right digital money transfer service

Susan Sitemere Country Manager Zimbabwe & South Africa HARARE, Zimbabwe,