The Acting President Yemi Osinbajo has stated that a plan to establish a gas industrial park valued at about $20 billion in the Niger Delta region has started. This is however following his consultations with stakeholders in the oil rich Niger Delta States.

“We already have a Steering Committee in place, chaired by the Honorable Minister of State for Petroleum Resources and that shows the level of our commitment. We are unwavering.” He added that “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.”

According to Osinbajo, the industrial park would be a collection 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, and services such as uninterrupted power, world class telecommunications and processed water.

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