Spurtech Resources Limited

Spurtech Resources Limited

Entrepreneurs

Dumbiri Christian

Dumbiri Christian

CEO & Managing Director

Mr. Dumbiri Christian is a seasoned expert with well over 17 years working experience in the telecommunications industry in Nigeria. He holds Bachelor of Science degree in Mathematics/Statistics and has attained other professional qualifications.
Rogers Ifiok Enoh

Rogers Ifiok Enoh

Chief Operating Officer

An operations management executive with over 8 years’ experience in the telecommunications industry and a seasoned marketing/Sales Executive with over 12 years’ working experience in the pharmaceutical industry.

Team

Edith Unoma Okoh

Edith Unoma Okoh

Academician & Business Development Consultant

Dr. Edith U. Okoh is a professional with over 12 years’ working experience in marketing and brand development of products and services.
Glory Isioma Ehiemenoye

Glory Isioma Ehiemenoye

Chief Finance Officer (CFO)

Experienced accounting consultant with background in accounting services with over 15 years’ working experience in manufacturing and other reputable companies.
Onyela Onyekachukwu Jolly

Onyela Onyekachukwu Jolly

Procurement and Logistics Manager

(BSc. Marketing, Second Class Upper; CIPS, MBA: in-view) Onyela Onyekachukwu Jolly, is a seasoned Marketer and a procurement expert, with over 13 years’ experience in Supply Chain Management.

Ikheloa Sharon Omonigho

Ikheloa Sharon Omonigho

Human Resources Manager & Company Secretary &Legal Adviser

Experienced in human resources management and a legal practitioner with vast knowledge in company law and general practice.
$ 0 K

  • Spurtech Resources Limited has joined FasterCapital's portfolio.
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Idea

Spurtech Resources Limited is a Nigerian company that operates in the telecommunications and gas production sectors. We leverage our extensive expertise in telecommunications support services and gas production, particularly oxygen, for medical and industrial purposes. Our telecom services include the design, implementation, and maintenance of fibre optic networks, copper networks, last-mile access, and microwave radio transmission networks. Additionally, we manage base station networks and provide contact center support. With a strong commitment to safety and continuous improvement, we adhere to industry standards and government regulations, ensuring quality management across all operations.

Challenge

Spurtech Resources Limited is tackling several significant challenges in the plastic recycling industry, such as the high capital investment required and the environmental impact of improper waste disposal. Setting up a plastic waste recycling plant is capital-intensive, with the need for specialized machinery and a sustainable energy source. The company requires substantial funding to cover costs for land acquisition, machinery, construction, and logistics. Moreover, ensuring a continuous supply of plastic waste and meeting local and international demand for recycled pellets presents logistical and operational hurdles. Spurtech Resources is currently seeking investors, collaborators, and financial partners to support the project and ensure its timely setup and profitability, aiming for a return on investment within three years of operation.

Solution

Spurtech Resources Limited is addressing the growing environmental crisis in Nigeria caused by plastic waste. Plastic packaging, particularly bottles, makes up a significant portion of waste in landfills and waterways, contributing to pollution and climate change. Improper disposal of plastic bottles contaminates both water and soil, which in turn harms ecosystems and human health. The demand for plastic packaging continues to rise as consumer preferences shift towards bottled beverages. To counter this, Spurtech Resources aims to recycle plastic waste into polyethylene terephthalate (PET) and polypropylene (PP) pellets, which can then be sold locally and internationally for use in manufacturing various products. This initiative will reduce plastic waste and its harmful effects while creating a sustainable source of raw materials for industries in medical, agriculture, and manufacturing sectors.

 


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Spurtech Resources Limited's News (1)

Spurtech Resources joins FasterCapital EquityPilot to scale 300m3/hr oxygen plants
01 Oct 2025

Spurtech Resources joins FasterCapital EquityPilot to scale 300m3/hr oxygen plants

Lagos, Nigeria & Dubai, UAE - Oct 01, 2025

Spurtech Resources Limited and FasterCapital today announced a strategic partnership through FasterCapital’s EquityPilot program to accelerate deployment of Spurtech’s 300m3/hr medical and industrial oxygen plants across Nigeria. The collaboration targets Lagos, Abuja, Port Harcourt and Delta, combining local operations with FasterCapital’s global acceleration, funding readiness and technical support.

Market opportunity & problem statement

Nigeria’s healthcare and industrial sectors face persistent oxygen supply gaps exposed during COVID-19; demand for medical-grade oxygen and industrial gases continues to outpace reliable local production. With a population exceeding 200 million and concentrated healthcare demand in Lagos and regional industrial zones, onshore cryogenic and PSA oxygen production represents a multi-million‑dollar market and a critical public‑health need. Spurtech’s regional footprint and dealer network targets this white space against limited national production capacity.

Startup solution & differentiation

Spurtech Resources (RC:1876724) designs, installs and operates 300m3/hr oxygen/nitrogen plants (UBP-300 model), producing up to 1,020 six‑m3 cylinders per 24 hours. The company combines telecoms-scale project delivery experience, secured land at Ibeju‑Lekki near Dangote Refinery, signed offtake letters from 30+ large buyers and 100+ dealers, and an integrated logistics and cylinder fleet. Spurtech’s hybrid model—onsite cryogenic production plus direct dealer distribution and logistics fees—creates diversified revenue and faster fill cycles versus pure-cylinder importers.

FasterCapital partnership value

As a selective equity accelerator, FasterCapital brings capital-raising support, global mentor networks, technical validation and go-to-market acceleration via its EquityPilot program. FasterCapital’s engagement includes strategic fundraising prep, technology and operations advisory, and introductions to institutional investors. This partnership validates Spurtech’s unit economics and is expected to compress time-to-revenue while supporting regulatory compliance and export-readiness.

Executive quotes “Hesham Zreik “We invest where strong technical execution meets urgent market need. Spurtech’s asset-light distribution model and secured offtake demonstrate scalable unit economics. FasterCapital’s EquityPilot will help translate production capacity into market leadership across West Africa.”

Dumbiri Christian, Chief Marketing/Business Dev. Officer, Spurtech Resources: “Partnering with FasterCapital accelerates our roadmap to close oxygen shortages while building Nigerian manufacturing capacity. Their capital and global network fast-tracks our four‑site roll‑out and strengthens supply reliability for hospitals and industry.”

Growth trajectory & future plans

Near-term milestones include Lagos plant commissioning within 0–6 months, full commercial operations and logistics scaling to serve southwest states, and phased rollouts in Abuja, Port Harcourt and Delta. Spurtech seeks strategic investment to complete a $1.648M installation and aims to reach positive cash flow within year one, with regional expansion and possible franchised plants over three years.

About Spurtech Resources Limited

Spurtech Resources Ltd (RC:1876724) is a Lagos‑based engineering and gas production company specializing in telecoms infrastructure, solar projects and cryogenic/PSA oxygen plants. Founded by industry veterans, Spurtech’s mission is to deliver reliable medical and industrial gases while enhancing local production capacity and safety standards.

About FasterCapital

FasterCapital is a global accelerator and venture studio that provides capital, technical, and market access to selected startups through programs like EquityPilot. The firm focuses on scalable tech and hard‑asset ventures, pairing startups with mentoring, fundraising preparation and investor introductions. FasterCapital’s selective criteria and hands‑on model help companies accelerate validation and scale quickly.

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