• Wed. Jul 17th, 2024

Fidelity Bank Facilitates Key Milestone In Nigeria’s Gas Industry With Temile Development Company


Jan 31, 2024

Fidelity Bank Plc, a leading Nigerian bank, has played a crucial role in advancing Nigeria’s domestic gas industry and boosting gas revenues by part-financing the commissioning of a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) Carrier named ‘Alfred Temile 10.’ The commissioning took place at the Hyundai Mipo Dockyard in Ulsan, South Korea, marking a significant milestone for Temile Development Company Ltd, a key indigenous player in the oil and gas sector.

Dignitaries present at the event included Mallam Mele Kyari, GCEO of the Nigerian National Petroleum Company Ltd (NNPC); Dr. Nneka Onyeali-Ikpe, OON, MD/CEO of Fidelity Bank Plc; Hon. Ekperikpe Luke Ekpo, Minister of State for Petroleum Resources (Gas); Ambassador Ferdinand Nwonye, Charge D’Affairs Ad Interim of the Embassy of Nigeria in South Korea; Engr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), among others.

Mallam Mele Kyari congratulated Mr. Alfred Temile, CEO of Temile Development Company, for achieving a great feat on behalf of the country. He emphasized the global transition to cleaner fuel and acknowledged the role this effort plays in enhancing Nigeria’s ability to produce cleaner energy.

Dr. Nneka Onyeali-Ikpe,OON, expressed Fidelity Bank’s delight in facilitating the transaction, highlighting the vessel’s significance in supporting Nigeria’s drive towards cleaner energy sources. She commended Mr. Alfred Temile and the people of Nigeria on this landmark achievement.

Mr. Alfred Temile, CEO of Temile Development Company, expressed gratitude for the collaboration and strong support received from NNPC Ltd and other stakeholders throughout the project.

The commissioned vessel is expected to enhance local participation of indigenous maritime players, improve LPG supply logistics, and increase availability for the last-mile users in Nigeria. Fidelity Bank’s role in part-financing this project underscores its commitment to supporting the oil and gas sector.

This commissioning follows Fidelity Bank’s part-financing of the recently launched Pinnacle Oil and Gas Terminal in Lagos, demonstrating the bank’s commitment to improving energy security in Nigeria.

Fidelity Bank, ranked as one of the best banks in Nigeria, continues to receive recognition with multiple local and international awards, showcasing its excellence in the financial sector.

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