FG Plans To Activate $20bn Ogidigben Gas Industrial Project

In what is termed a "Gas Revolution", the Federal government has rolled out plans to activate an  industrial gas park in the Niger Delta, valued at $20bn through a public- private  partnership model,
according to the Vice President,
Yemi Osinbajo during a meeting with International investors and developers of the project at the Presidential villa.
The group, made up fortune 500 companies which include the China Development bank, GSE&C of South Korea, Power China and several others from the Middle East, Asia and The United Arab Emirates.
The Project tagged the "Gas Revolution Industrial Park"(GRIP) would be located at Ogidigben, Delta State and is to be a regional hub for  all gas- based industries. It is expected to  cover 2700 hectares with fertiliser, methanol,petrochemicals and  aluminium plants located in the park which has already  been designed to be a Tax Free zone by the Federal Government.
Professor Osinbajo pointed out, while speaking to the consortium that the Federal Government takes the project very seriously and is ready to make further commitments to the development of the oil producing regions in the country.
"We already have a steering committee in place, chaired by the Honourable Minister of State for Petroleum Resources, Dr. Ibe Kachukwu and that shows our level of commitment , we are unwavering.
"We take the project very seriously and glad to see that you are committed and ready to make other commitments. This is a process that we intend to see happen, he said."
The Minister , assured that the project will bring relief to the people of the Niger Delta and other Oil producing States.
Sheik Mohammed Bayo, the leader of the group of investors and developers stated the commitment of the consortium and reiterated the importance of the project to solving the Niger Delta crisis.
It will be recalled that the vice president recently made visits to the Niger Delta, and to oil producing communities in order to demonstrate the President Mohammed Buhari's administration resolve to pursue a new vision for the Niger Delta.