Federal Government Unveils $20bn Gas Industrial Park

Advertisement

Acting President, Prof. Yemi Osinbajo has unveiled an industrial plan Tagged the Gas Revolution Industrial Park, GRIP valued at $20 billion in Nigeria’s Niger Delta region.

Speaking through his spokesperson, Laolu Akande, Osinbajo said the industrial park is located at Ogidigben, Delta State, and is envisaged to be a regional hub for all gas-based industries.

He added that it sits on 2700 hectares with fertilizer, methanol, petrochemicals, and aluminium plants located in the park that has already been designated as a Tax-Free Zone by the FG.

Also Read: Emir Sanusi: Monarch Declares Punishment For Imams, Muslim Title Holders Who Beat Up Their Wives

“Under the plan presented today by the consortium to the Acting President, about $20 billion would be invested to develop the Gas Revolution Industrial Park, and generating 250,000 direct and indirect jobs in the process.

“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, proximity to a deep sea port and centralized utilities, & services such as uninterrupted power, world class telecommunications and processed water.”

The park, originally conceived by 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.



It is equally planned that the park will be connected to Nigeria’s most dominant gas pipeline network-ELPS, enabling supply of gas to and from the park.

Osinbajo was quoted as saying: “we already have a Steering Committee in place, chaired by the Honourable Minister of State for Petroleum Resources and that shows the level of our commitment. We are unwavering.

He was said to have stressed the Buhari Administration’s “unwavering commitment” to the Niger Delta region, many parts of which the acting president just visited as part of the administration’s bid to engage the volatile oil-producing region.

Also Read: N-Power Scheme: FG To Employ 350,000 More Unemployed Graduates

He said his visits to the Niger Delta communities had been mandated by President Muhammadu who is on extended medical leave in the United Kingdom before he travelled in January.

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, he said.

In his remarks at the meeting, Minister of State for Petroleum Resources, Ibe Kachikwu, was quoted as expressing confidence that “the GRIP will bring the much needed succour to the people of the Niger Delta, and the oil-producing states.”

Topics: