LOCAL MANUFACTURING: TICKTOS PARTNERS SPANISH FIRM ON PPES

Tic kt os Nigeria Limited, has partnered a Spanish firm, Marina Textil, on supplying and trading of textiles and other clothing materials towards the manufacturing of Personal Protective Equipment( PP Es) for the Nigerian oil and gas industry.

Incorporated in 1994 to carry out construction of civil, road ways, buildings, mechanical and electrical engineering works, Tick to sh as total capability in the design, procurement, and delivery of major projects across a full spectrum of global markets.

Under the leadership of Kayo de Ad eosun,t he Managing Director, the company has registered significant progress across the past five years. Adeosun provides superb leadership to a diverse set of professionals including - engineers, project managers, surveyors, accountants, and safety officers who work with him on construction projects to deliver projects to specifications to respective clients.

“The primary purpose of this partnership is: To assemble a manufacturing company in the arena of textile producing products for use in the work wear creation and supply along with building capacity for Nigeria’s content development for job opportunities and economic value,” the partnership document stated.

Marina Textil designs, manufactures, and commercialises protective technical fabric used to produce PP Es.

One unique thing about Marina Textil, which manufactures a wide range of fabric types, is that it never applies finishing treatments, as these treatments lose their properties with use and washing.

The firm’ s primary objective is to guarantee protection against risks such as radiant heat, molten metal splashes, electric arc, electrostatic charges, among others throughout the useful life of the garment.

In December 2016, the Nigerian Content Development and Monitoring Board (NCDMB), announced for the first time its plans to ban the importation of PPEs for oil and gas industry operators. Eventually, this was carried out by the Board in 2022.

This is what Tic kt os partnership with Marina Tex ti lo ff er st he country. The partnership known as Ticktos Marina Nigeria Limited will create thousands of jobs, generates taxes and revenue for the government, when it comes on stream. Apart from the foreign exchange the assemblage of Ticktos Marina Nigeria Limited will save for the country, in terms of importation, linkage industries such as construction and mining sectors will also benefit from it. Ticktos is one of the beneficiaries of the NCDMB’s Project 100. Project 100 is an initiative of the Ministry of Petroleum Resources in partnership with the N CD MB to look holistic ally at 100 wholly indigenous oil and gas companies and nurture them to the next level.

This, the board, believes will enhance their capacities, support them financially through the Nigerian Content Intervention Fund (NCIF) and help them find opportunities in the industry, in collaboration with the Nigerian National Petroleum Company (NNPC) Limited and its subsidiary, NAP I MS( now NU I MS ). Benefits that accrue to Project 100 companies include bespoke development plans to improve critical business capabilities and access to market opportunities with oil and gas operators on industry projects.

It also provides them identified access to critical industry and operational insights, information and data and participation in local oil and gas opportunity fair sand strategic events and advocacy for policy recommendations that would unlock some of the challenges identified by the beneficiaries.

Other opportunities include technical and business performance improvement capacity programmes, collaboration with critical industry stakeholders for participation in relevant global oil and gas events, R& D collaboration, opportunity to benefit from the $50 m Nigerian Content R& D Fund and opportunity to access the about $500 mN CI Fund, particularly the $30 million Working Capital Product, for qualified organisations.