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National Digital Household Decarbonisation and Carbon Infrastructure Platform – NCRP vCRM

Location

Lagos

Sector

Climate Technology

Stage

Investment Ready
Overview

The 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

$13 500 000,00

Investment Project Type:

Equity, blended finance, grant funding, strategic partner, off take agreement.

Invested Value to Date:

$3 500 000,00

Funding Gap:

$10 000 000,00

Climate Classification:

Mitigation

Why Investing

1
Strong Financial Returns & Capital Efficiency
A US$10 million investment supports a 50,000-unit pilot targeting a 40% IRR, US$65 million NPV, and 6.3x ROI, with break-even in Year 2. The model also leverages significant off-balance-sheet partner capital, reducing upfront asset requirements.
2
Powerful Regulatory & Technology Moat
Developed with the Standards Organisation of Nigeria, the platform combines mandatory cylinder compliance, IoT tracking, digital MRV, and a national cylinder database, creating a highly defensible position within Nigeria’s LPG ecosystem.
3
Scalable, Diversified Green-Digital Platform
Five revenue streams—including carbon credits, prepaid software licensing, transaction fees, and distributor subscriptions—provide diversification, while the validated pilot creates a pathway to scale from 50,000 units to potentially 43 million cylinders nationwide, alongside significant emissions and social benefits.
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