The origin of Lolite Energy Limited started with an idea to harness the vast human capacity in Nigeria to build locally manufactured fasteners that are used for oil and gas projects.
We believe that developing in-country capacity for fasteners will enable us contribute to and benefit from the aim of Nigeria Content Development Act of 2010.
We saw an opportunity in the growing local content vision and took it.
Generate profit for growth
Generate returns for investors
Create job opportunities
Impact Communities
The origin of Lolite Idea Generation. Development of the concept and business plan.
Project Startup and construction of factory building.
Participated in Local Content Exhibitions organised by Shell, SNEPCo and NAOC
Completed registration with Chevron, Total E & P Limited, Addax Petroleum, Nigeria LNG Limited, Mobil Producing Nigeria, Nigeria Agip Oil Company
Completed the factory building and utilities.
Commenced negotiations with Original Equipment Manufacturers.
Obtained $485,000 loan facility from BOI for equipment procurement.
Completed installation and testing of manufacturing equipment.
Commissioning of the Lolite Energy Limited factory by The Executive Governor of Enugu State and The Executive Secretary of Nigeria Content Development and Monitoring Board.
Manufactured stud bolts and nuts as capacity development project by TEPNG/NCDMB for Ikike Project.
Emerged successful in the competitive tendering both in-country and out-country scope for supply of fasteners, flanges and fittings NLNG Train 7 Project.
Obtained ISO 9001:2015 and ISO 14001:2015
Expansion of production capacity to flanges and pipe fittings