Vunderkind
Social Member
The U.S. Trade and Development Agency (USTDA) and Honeywell Group Ltd on Thursday signed a $514,000 (about N84.8million) grant agreement, to develop a gas-based industrial project in Nigeria.
With the signing of the agreement at the U.S.Consul-General’s residence in Lagos, USTDA would be contributing $257,000 (about N39.84m) to the $257,000 already set aside by Honeywell, to evaluate and develop plans for the project.
The U.S. Deputy Chief of Mission in Nigeria, Mrs Maria Brewer, who signed on behalf of her government, said the gesture was to support the Honeywell Group in its execution of the project in Nigeria.
``This grant is to assist the Honeywell Group, a Nigerian-based company, in its plan to construct a gas-based industrial complex in Nigeria.
``With this USTDA’s assistance, Honeywell Group will be able to complete a study to evaluate the chemical outputs from various types of facilities.
``The study will also provide a market survey on current demand of different chemical outputs and identify key training requirements for facility employees,’’ she said.
Brewer expressed the agency’s commitment to promoting economic development, as well as creating more employment opportunities for Nigerians.
She also disclosed the agency’s plan to strengthen trade and investment opportunities between Nigeria and the U.S.
Dr Teddy Ngu, Head of Honeywell Group’s Corporate Development and Investments, who signed on behalf of his organisation, commended the USTDA for contributing to the project’s realisation in Nigeria.
Ngu said the project, when completed, would create employment opportunities for young Nigerians.
``The project, when completed, will positively impact on the lives of tens of thousands of Nigerians.
``It will reduce problems of unemployment, insecurity, violence and other social vices among Nigerian youths,’’ he added.
With the signing of the agreement at the U.S.Consul-General’s residence in Lagos, USTDA would be contributing $257,000 (about N39.84m) to the $257,000 already set aside by Honeywell, to evaluate and develop plans for the project.
The U.S. Deputy Chief of Mission in Nigeria, Mrs Maria Brewer, who signed on behalf of her government, said the gesture was to support the Honeywell Group in its execution of the project in Nigeria.
``This grant is to assist the Honeywell Group, a Nigerian-based company, in its plan to construct a gas-based industrial complex in Nigeria.
``With this USTDA’s assistance, Honeywell Group will be able to complete a study to evaluate the chemical outputs from various types of facilities.
``The study will also provide a market survey on current demand of different chemical outputs and identify key training requirements for facility employees,’’ she said.
Brewer expressed the agency’s commitment to promoting economic development, as well as creating more employment opportunities for Nigerians.
She also disclosed the agency’s plan to strengthen trade and investment opportunities between Nigeria and the U.S.
Dr Teddy Ngu, Head of Honeywell Group’s Corporate Development and Investments, who signed on behalf of his organisation, commended the USTDA for contributing to the project’s realisation in Nigeria.
Ngu said the project, when completed, would create employment opportunities for young Nigerians.
``The project, when completed, will positively impact on the lives of tens of thousands of Nigerians.
``It will reduce problems of unemployment, insecurity, violence and other social vices among Nigerian youths,’’ he added.
