Osinbajo activates $20bn Ogidigben gas industrial project in Niger Delta
- An international consortium presented a $20bn investment plan to Acting President Osinbajo, for the Ogidigben Gas Industrial Park
- The project is tagged the Gas Revolution Industrial Park (GRIP)
- 250,000 direct and indirect jobs would be generated in the process
- The park is located about 60km from Warri, and about 1km away from the operational base of Chevron Nigeria Limited
The federal government in collaboration with oil-producing communities in several states in the Niger Delta region is working on a plan to put in place a gas industrial park that is valued at about $20billion through a Public-Private Partnership.
The project tagged the Gas Revolution Industrial Park (GRIP), Ogidigben, will cover 2700 hectares with fertilizer, methanol, petrochemicals, & aluminium plants located in the park that has already been designated as a Tax Free Zone by the federal government.
Speaking at the Presidential Villa on Monday, February 27, while meeting with international developers and investors of the project, Acting President Yemi Osinbajo, said the President Muhammadu Buhari-led administration is committed to the development of the Niger Delta.
A statement by Laolu Akande, the spokesman of Osinbajo read: “Before he went on vacation, President Buhari had mandated the vice president to embark on visits to oil-producing communities to demonstrate the resolve of this administration to the pursuit of a new vision for the Niger Delta.
"The building of an industrial gas hub in Ogidigben, Delta state was one of the feedbacks that was received during the visit to the state.
"As a follow-up on the Niger Delta trips, Acting President Osinbajo, alongside the Honorable minister of state for petroleum resources; Dr. Ibe Kachikwu, the Nigeria National Petroleum Corporation Group managing director; Dr. Maikanti Baru and other top government and NNPC officials met today with a group of international investors and developers put together under a consortium by Dubai-based firm, AGMC.
"The consortium is made up of Fortune 500 companies like the GSE&C of South Korea, the China Development Bank, Power China and several others global operators from Asia and the United Arab Emirates in the Middle-East.”
Laolu explained that under the plan presented by the consortium to Osinbajo, about $20B would be invested to develop the Gas Revolution Industrial Park. This would generate 250,000 direct and indirect jobs in the process.
According to him, the industrial park would be a cluster for several industries in one location benefiting from an efficient, cost-competitive and abundant supply of natural gas.
It would also enjoy proximity to a deep sea port and centralized utilities and services such as uninterrupted power, world class telecommunications and processed water.
The park is located about 60km from Warri, and is about 1km away from the operational base of Chevron Nigeria Limited. It will be connected to over 18 trillion Cubic Feet of gas reserves in fields such as Odidi, Okan, Forcados, located within a 50km radius.
PAY ATTENTION: Get the latest news on NAIJ.com News App
According to the plan, the park will be connected to Nigeria’s most dominant gas pipeline network-ELPS, which will enable supply of gas to and from the park.
Osinbajo said a steering committee chaired by Kachikwu has already been put in place, showing how committed the federal government is to the project.
“We take the project very seriously and glad to see you are committed and ready to make several other commitments. This is a process that we intend to see happen,” he added.
Also speaking, Kachikwu expressed confidence that the GRIP will bring the much needed succor to the people of the Niger Delta, and the oil-producing states.
0 Engaged:
Post a Comment