In what is called a ‘Gas Revolution,’ and following the renewed interactive engagements of the Federal Government with oil-producing communities in several states in the Niger Delta region, a plan to put in place a gas industrial park that is valued at about $20B through a Public-Private Partnership model is now in process.
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 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.”
Before he went on vacation, President Muhammadu Buhari had mandated the Vice President to embark on visits to oil-producing communities to demonstrate the resolve of this administration to the pursuit of a new vision for the Niger Delta.
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. As a follow-up on the Niger Delta trips, Acting President Osinbajo, alongside the Honorable Minister of State for Petroleum Resources; Dr. Ibe Kachikwu, the Nigeria National Petroleum Corporation Group Managing Director; Dr. Maikanti Baru and other top government and NNPC officials met today with a a group of international investors and developers put together under a consortium by Dubai-based firm, AGMC.
The consortium is made up of Fortune 500 companies like the GSE&C of South Korea, the China Development Bank, Power China and several others global operators from Asia and the United Arab Emirates in the Middle-East.