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Akwa Ibom Oil & Gas Free Zone Targets 7 , 000 Jobs , As FG Approves It

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images 97 1 Akwa Ibom Oil & Gas Free Zone Targets 7 , 000 Jobs , As FG Approves It

The Federal Government has approved a new oil and gas free zone for Akwa Ibom State.
The new free zone, promoted by the Akwa Ibom State government, the Nigerian National Petroleum Corporation (NNPC) and an American private equity investor, the Black Rhino Group, has already reported investment commitments worth more than $10 billion, with the potential to create more than 7,000 long-term jobs.
The free zone, named Liberty Oil and Gas Free Zone, which is the largest in West Africa, sits on a physical land space measuring more than 50,000 hectares spread across six local government areas of Ikot Abasi, Eastern Obolo, Oruk Anam, Mkpat Enin, Onna and Ibeno.
A statement on the presidential declaration of the area as a free zone, the Minister of Industry Trade and Investment, Otunba Adeniyi Adebayo, who is the supervising minister for the nation’s free zones, described the project as “a game changer.”
He said: “The Liberty Oil and Gas Free Zone is expected to generate industrial clusters that will deliver impetus to the Federal Government Industrial Revolution Plan by fast-tracking the development of related industries such as lubricant and plastics manufacturing, utilising abundant hydrocarbon feedstocks in the zone.”
The Managing Director, Oil and Gas Free Zones Authority (OGFZA), Mr Umana Okon Umana, said OGFZA was “excited about the project because of the prospects it holds out for the economic development of the country.” OGFZA is the statutory regulator of the new free zone.
One of the promoters/developers operating out of the Ibeno axis of the free zone, Qua Iboe Export Hub Limited (QIEH), has a significant operation in place already, gearing up as the gas processing hub for West Africa.
A profile of QIEH’s planned investments and projects up to 2023 include a 567megawaat (Mw) gas-fired power plant, which is at advanced stages of development; 15 million standard cubic feet gas flare elimination investment valued at $120 million under the Federal Government gas flare commercialisation programme, by which gas being flared around the area will be gathered and converted to domestic use; a 3.5 million metric ton per annum (MTPA) petrochemicals platform, designed under the nation’s natural gas monetisation programme to produce methanol and ammonia; and a two million MTPA liquefied natural gas plant, LNG export terminal and LNG fleet network to be developed within the projected period.
Other key projects lined up for execution during the period include a gas field development and pipeline transport system to supply gas from Mobil-NNPC JV operations to meet the energy requirements of QIEH; a high-octane gasoline 20,000 bpd plant for the production of synthetic gasoline; and the development of a logistics base and a fabrication yard to support the operations of oil production and service companies in the zone.
When the entire free zone comes on stream, it will position the country as the destination for future downstream investments in the oil and gas industry, especially in logistics and manufacturing.The development design of the zone at full rollout will feature a Petroleum and Energy District, NNPC Logistics Centre, Business and Industrial District, Agro-allied Industrial District; and Heavy Industry District.
The Liberty Oil and Gas Free Zone inherited some important legacy projects, which include the 115 Mw Ibom Power Plant and the Aluminium Smelting Company of Nigeria, which are located in Ikot Abasi.

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Aisha Buhari Sends Relief Materials To Flood Victims In Kebbi State

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images 21 3 Aisha Buhari Sends Relief Materials To Flood Victims In Kebbi State

In continuation of the distribution of palliatives to communities affected by the recent flood disaster across the country, First Lady, Federal Republic of Nigeria, Dr. Mrs. Aisha Muhammadu Buhari dispatched a team consisting of her Aides and officials of ‘Future Assured’ to Kebbi State to deliver the relief materials and commiserate with the victims.
Kebbi state is known to have many flood prone communities because of the presence of three major rivers; the recent flooding, however, affected communities in all the 21 Local Government Areas. Some of the communities visited by the team included Kalgo, Bagudo, Zagga, Jega, Makera (Birnin Kudu), and Argungu.
Speaking on behalf of the First Lady at Jega town in Jega local government area, Aliyu Abdullahi, Special Assistant to the President on Media and Publicity (Office of the First lady) conveyed Mrs. Buhari’s message of sympathy over the losses they incurred during the disaster which deprived the affected communities their shelters, farmlands and properties. The First Lady prayed to God to compensate for the losses they incurred. “As a mother, I am particularly concerned with the plight of women and children during such disasters”, said Mrs. Buhari.
Mr. Abdullahi assured all the affected communities that they are on the mind of the First Lady at this trying time.
Mrs. Buhari under her Future Assured Program sent large quantities of relief materials that were distributed amongst the affected communities in order to assuage the impact of the losses the communities incurred. This includes food items such as Rice, Vegetable Oil and other edibles, clothing materials, toiletries and blankets.
Chairman of Jega Local Government, who witnessed the distribution along with traditional rulers, Alhaji Adamu Isyaku Kimba spoke at the occasion, expressing the appreciation of the people of Jega over the kind gesture of the First Lady, saying she has lived up to her title as the mother of the nation. He said the people of Jega would remain grateful for her kind gesture.
In the same vein, His Excellency, Senator Abubakar Atiku Bagudu, the Executive Governor of Kebbi State also extended his gratitude and appreciation to Mrs. Buhari and her Future Assured Program for always being there for the people of Kebbi State.

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78 Firms Bid To Rehabilitate Pipelines , Depots – NNPC

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images 20 3 78 Firms Bid To Rehabilitate Pipelines , Depots – NNPC

The Nigerian National Petroleum Corporation on Sunday announced that 78 companies submitted virtual bids to rehabilitate its downstream pipelines, associated depots and terminal infrastructure through the finance, build, operate and transfer model.
NNPC’s Group Managing Director, Mele Kyari, said the exercise was in fulfilment of the corporation’s commitment to transparency and accountability as an Extractive Industries Transparency Initiative partner company.
Kyari disclosed this in a statement issued in Abuja by the spokesperson of the oil firm, Kennie Obateru.
He said the finance, build, operate and transfer model became imperative in the corporation’s journey to rehabilitate its downstream infrastructure which over time had become vulnerable, lost value and integrity due to age and incessant vandalism.
He said some of the assets were as old as 40 years and were due for replacement, adding that to carry out such a replacement of this magnitude, there would be need for resources.
Kyari was quoted as saying, “And we know that we require these assets so we decided that we bring in private partners who will fund these pipelines; they will construct operate them with us.
“And ultimately they will fully recover their investment from the tariff which we will pay for using these pipelines and as soon as they recover their cost and their margin, they will hand over these assets back to us.”
Kyari stated that by the end of the first quarter of 2021, the final partners of the bid opening would be selected.
He assured the bidders that the NIPEX portal which was deployed for the pre-qualification exercise was a time tested technology that would not give room for any human indiscretion.
The corporation’s Chief Operating Officer, Downstream, Lawrencia Ndupu, who was represented by the Managing Director, Petroleum Products Marketing Company, Musa Lawan, said the Nigerian Pipelines and Storage Company operates 5,120 length of pipelines.
She said the pipelines traverses the entire country with two coastal depots in Lagos and Calabar, adding that the public bid opening processes was being done transparently.

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Lagos State Governor Hosts Barcelona Star , Asisat Oshoala

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IMG 20200920 051522 Lagos State Governor Hosts Barcelona Star , Asisat Oshoala

Today, @AsisatOshoala paid me a courtesy visit. She is a worthy ambassador of Lagos from Ikorodu & we are proud of her. She spoke about her plans for the Asisat Oshoala Foundation and I promised to support her.
We kicked the ball for a bit and I think I still have my skills.

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