PRESIDENT Goodluck Jonathan, said on Thursday, in Abuja, that with the full implementation of his administration’s gas master plan, Nigeria will become the undisputed regional hub for gas-related industries within the next three years.
Speaking at the formal launch of the plan at the Banquet Hall of the Presidential Villa, President Jonathan declared that the occasion also marked the beginning of the end of gas flaring in the country.
The president said that the full implementation of the entire gas master plan agenda would result in about $25 billion worth of investments in gas processing, transmission and downstream gas.
“Beyond the quantum of foreign direct investment, the economic impact of this agenda will be enormous. In terms of employment and wealth creation, we estimate that over 100,000 engineering design and construction related jobs will be created from about 2012 and beyond to deliver all these plants.
“The strategy we have adopted for the fertiliser project means that we can expect a significant increase in employment from the agricultural sector. In total, this initiative will result in over 500,000 direct and indirect jobs from construction, logistics, hotels and hospitality services, fabrication, banking and above all, agriculture,” President Jonathan declared.
Memoranda of Understanding (MOU), between Xenel/Nigerian National Petroleum Corporation (NNPC); Nagarjuna, NNPC and Chevron also took place at the occasion at which the award of a Central Franchise Area (CPF) to OANDO and AGIP was announced.
Under a public-private sector partnership arrangement, the three-fold gas industrialisation agenda that will elevate Nigeria beyond current gas to power initiatives involves the establishment of a Central Processing Facility in Oviakwu, Rivers State; a mega petrochemical plant; and two fertiliser plants to be sited in Lagos and Delta states.
Friday, 25 March 2011
PRESIDENT Goodluck Jonathan, said on Thursday, in Abuja, that with the full implementation of his administration’s gas master plan, Nigeria will become the undisputed regional hub for gas-related industries within the next three years.
Speaking at the formal launch of the plan at the Banquet Hall of the Presidential Villa, President Jonathan declared that the occasion also marked the beginning of the end of gas flaring in the country.
The president said that the full implementation of the entire gas master plan agenda would result in about $25 billion worth of investments in gas processing, transmission and downstream gas.
“Beyond the quantum of foreign direct investment, the economic impact of this agenda will be enormous. In terms of employment and wealth creation, we estimate that over 100,000 engineering design and construction related jobs will be created from about 2012 and beyond to deliver all these plants.
“The strategy we have adopted for the fertiliser project means that we can expect a significant increase in employment from the agricultural sector. In total, this initiative will result in over 500,000 direct and indirect jobs from construction, logistics, hotels and hospitality services, fabrication, banking and above all, agriculture,” President Jonathan declared.
Memoranda of Understanding (MOU), between Xenel/Nigerian National Petroleum Corporation (NNPC); Nagarjuna, NNPC and Chevron also took place at the occasion at which the award of a Central Franchise Area (CPF) to OANDO and AGIP was announced.
Under a public-private sector partnership arrangement, the three-fold gas industrialisation agenda that will elevate Nigeria beyond current gas to power initiatives involves the establishment of a Central Processing Facility in Oviakwu, Rivers State; a mega petrochemical plant; and two fertiliser plants to be sited in Lagos and Delta states.
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