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 $20 billion, 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 2,700 hectares of land with fertilizer, methanol, petrochemicals and aluminium plants located in the park that has already been designated as a Tax Free Zone by the Federal Government.

Ag Pres Osinbajo

Speaking, yesterday, at the Presidential Villa, Abuja, while meeting with international developers and investors of the project, acting President Yemi Osinbajo, said that the Muhammadu 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.”

The building of an industrial gas hub in Ogidigben, Delta State, is 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 Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, the Nigeria National Petroleum Corporation, NNPC Group Managing Director, Dr. Maikanti Baru and other top government and NNPC officials met, yesterday, with 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 such as  the GSE & C of South Korea, the China Development Bank, Power China and several other global operators from Asia and the United Arab Emirates in the Middle-East.

Under the plan presented yesterday by the consortium to the Acting President, about $20 billion would be invested to develop the Gas Revolution Industrial Park, and generating 250,000 direct and indirect jobs in the process.