Location
LagosSector
Climate TechnologyStage
Investment ReadyThe National Cylinder Recirculation Programme (NCRP) vCRM, a government-backed digital initiative designed to modernise Nigeria’s liquefied petroleum gas (LPG) infrastructure. The platform aims to enhance public safety and regulatory compliance by using QR codes and IoT telemetry to track the entire lifecycle of gas cylinders. This digital framework supports a dual-segment pilot project targeting 43 million household and commercial users to facilitate a transition from biomass fuels to cleaner energy. Beyond safety, the programme establishes a robust carbon market infrastructure by generating verified emission reductions through the Gold Standard methodology – the project seeks to deliver significant health and environmental benefits
Core Objectives
The platform is designed to achieve several critical non-financial objectives across Nigeria’s energy sector:
– Enhance Public Safety: Ensuring only certified, active, and non-expired LPG cylinders are in circulation.
– End-to-End Lifecycle Digitisation: Tracking cylinders from manufacturing and registration to refill, requalification, and eventual scrapping.
– Enforce Regulatory Compliance: Automatically linking a cylinder’s safety status directly to the point-of-sale refill transaction.
– Data Transparency: Providing real-time operational oversight for national regulators, including SON, NMDPRA, and the National Council on Climate Change (NCCC).
– Carbon Credit Monetisation: Enabling robust, automated carbon offset generation from verified fuel switching (transitioning from biomass/charcoal to clean LPG)
Investment Needs
$13 500 000,00Investment Project Type:
Equity, blended finance, grant funding, strategic partner, off take agreement.Invested Value to Date:
$3 500 000,00Funding Gap:
$10 000 000,00Climate Classification:
Mitigation
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