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Sunday, 17th December, 2017
 Nigeria   ::   News
FG approves $20bn gas project for Niger Delta
Feb 28, 2017
By: Cletus Ilobanafor

he 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, Sheikh Mohamed Bayorh, described the project as important to resolving the Niger Delta crisis.




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