Fidelity Bank Plc, a leading Nigerian bank, has played a pivotal role in advancing Nigeria’s domestic gas industry by part-financing the commissioning of a state-of-the-art 23,000 cubic meters Liquefied Petroleum Gas (LPG) Carrier by Temile Development Company Ltd. The vessel, named ‘Alfred Temile 10,’ was commissioned at the Hyundai Mipo Dockyard in Ulsan, South Korea.
Notable dignitaries at the event included Mallam Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPC); Dr Nneka Onyeali-Ikpe,OON, Managing Director/Chief Executive Officer 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; and Engr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB).
Mallam Mele Kyari commended the achievement, emphasizing the importance of cleaner energy globally and its alignment with Nigeria’s efforts. Dr Nneka Onyeali-Ikpe,OON highlighted the significance of the vessel in supporting Nigeria’s transition to cleaner energy and expressed Fidelity Bank’s delight in facilitating the transaction. This marks the second such financing initiative by the bank, showcasing its commitment to the industry.
Mr. Alfred Temile, CEO of Temile Development Company, expressed gratitude for the collaboration and support received throughout the project. The commissioned vessel will enhance the local participation of indigenous maritime players, improve LPG supply logistics, and increase availability for Nigerian last-mile users. This aligns with the growth objectives for Nigeria’s domestic gas industry and demonstrates the increasing capabilities of indigenous companies in the oil and gas sector.
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Fidelity Bank Plc has consistently contributed to improving energy security in Nigeria, evident in its part-financing of the recently launched Pinnacle Oil and Gas Terminal in Lagos. The bank, recognized for its excellence, serves over 8 million customers through 251 business offices in Nigeria and the United Kingdom, along with digital banking channels. It has received numerous local and international awards, reinforcing its position as a leading financial institution in Nigeria.
This collaborative effort signifies a significant milestone in the development of Nigeria’s domestic gas industry and highlights the role of financial institutions in supporting key projects that contribute to the nation’s energy security and economic growth.
