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.
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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.
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