L
LequteMan
Guest
The federal government of Nigeria has put in place a gas industrial park that is valued at about $20bn through a Public-Private Partnership model in the Niger Delta area of the country.
This follows interactions with communities in the area by Acting President Yemi Osinbajo, a press release from the office of the Vice President says.
Tagged the Gas Revolution Industrial Park, GRIP, Ogidigben, and envisaged to be a regional hub for all gas-based industries, the project 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 FG.
Speaking today at the Presidential Villa while meeting with international developers and investors of the project, Acting President Yemi Osinbajo, SAN, stated that the Buhari administration “is committed to the development of the Niger Delta, and the importance of this project is underlined by the presidential attention it is attracting. The presidency is very interested.”
Under the plan presented today by the consortium to the Acting President, about $20B 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.
This follows interactions with communities in the area by Acting President Yemi Osinbajo, a press release from the office of the Vice President says.
Tagged the Gas Revolution Industrial Park, GRIP, Ogidigben, and envisaged to be a regional hub for all gas-based industries, the project 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 FG.
Speaking today at the Presidential Villa while meeting with international developers and investors of the project, Acting President Yemi Osinbajo, SAN, stated that the Buhari administration “is committed to the development of the Niger Delta, and the importance of this project is underlined by the presidential attention it is attracting. The presidency is very interested.”
Under the plan presented today by the consortium to the Acting President, about $20B 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.
