Blue Seal to Boost Nigeria's FDI with Two New Chemical Plants

Lloyd Robertson, Chief Operating Officer of Blue Seal Energy Group, brings extensive global experience in the oil and gas and industrial sectors to his role, with significant time spent in Nigeria and Africa. He shared insights into the company's operations, its investment in Nigeria, and ambitious future plans, including the establishment of two additional chemical manufacturing plants aimed at boosting Foreign Direct Investment (FDI).

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Well, it’s interesting because I have substantial previous experience in Nigeria. This is not my first experience.

Robertson acknowledged that Blue Seal's chemical manufacturing plant in Ibeju-Lekki, which has a capacity of 1.7 million liters per day, is still in its early stages. He cited delays in production due to organizational conflicts and market dynamics as reasons for the slow start. However, he expressed confidence that full production is imminent and anticipates rapid growth once the company establishes its foundation.

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We are about to get to the point where we will be doing full production in the very near future. Market dynamics have been a major driver in our slow start. But we look forward to establish our foundation and grow. And I think our growth will be very quickly.

Addressing the plant's capacity, Robertson clarified that they are not yet operating at 100 percent but are focused on building a strong base. He emphasized Blue Seal's collaborative approach, stating, "We want to be collaborators with the end users who need those products," rather than competitors. This strategy aims to foster strong relationships with service companies that are already established with end-users.

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The capacity of the plant is 1.7 million liters per day. So we can do substantially more than what you have just stated.

Robertson's deep familiarity with the Nigerian market, stemming from previous roles since 1988, provides a solid foundation for Blue Seal's expansion. His experience with companies like Baker Hughes in various capacities across Nigeria and other regions underscores his understanding of the local business environment and client needs. The planned expansion signifies a significant commitment to increasing industrial capacity and attracting further investment into Nigeria's chemical manufacturing sector.

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And one thing I need to say going forward is that we are not competing with the people who are the end users. We want to be collaborators with the end users who need those products.