Standup9ja - FG approves $20bn gas project for Niger Delta
The Federal Government has endorsed plan to build a $20
billion gas revolution industrial park in Odigigben, Delta State.
Acting President Yemi Osinbajo disclosed this at the Aso
Rock Presidential Villa in Abuja while meeting with international investors and
developers who presented the plan for the project.
The acting president, who assured of the government’s
commitment to the development of the Niger Delta region, said: “The importance
of this project is underlined by the presidential attention it is attracting.
The Presidency is very interested.”
Osinbajo said the Federal Government, in order to
demonstrate its commitment, already had a steering committee chaired by the
Minister of State for Petroleum Resources, Ibe Kachikwu.
“We are unwavering. 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,” the acting president said.
The park, originally conceived by the NNPC, 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.
Kachikwu expressed confidence that the project would bring
the much-needed succour to the people of Niger Delta region and the
oil-producing states.
The leader of the group of investors and developers, Sheik
Mohammed Bayo, described the project as important to resolving the Niger Delta
crisis.
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