[size=14pt]$16b petrochemical, fertiliser plants to boost Delta economy[/size]
By Harris-Okon Emmanuel Correspondent, Warri

Delta State is beginning to witness a clement investments climate, many thanks to Abuja amnesty programme, which ended militancy in the oil-rich, but crisis-scarred Niger Delta region. During the era of ethnic conflagration which engulfed Delta State, which pundits described as the years of the locust, many businesses closed shop and relocated to a safe haven in other parts of the region. Now, a new dawn has emerged and credits must be given to Governor Emmanuel Uduaghan, who has worked assiduously to restore peace and security to the once volatile state. Since, he mounted the rein of governance in 2007, the University of Benin-trained medical doctor, has pursued his three-point agenda of human capital, infrastructure developments, and peace and security with verve.

Barring any unforeseen contingency, works on the petrochemical and fertiliser companies, two gigantic projects, valued at well over $16 billions are to start in earnest. All the loose ends have been tight in the deals, it was learnt.

From Saudi Arabia, is coming Xenel group, described as one of the leading petrochemical player in the world and particularly in Saudi Arabia, and the firm is expected to build 1.3 million tones uranium, polytonal, polypropylene plant in the state in concert with Nigerian National Petroleum Corporation (NNPC) and other private investors.

Sunday Independent gathered this investment is one of the biggest of its kind in Africa.

“This will mark the beginning of industrial revolution not only in Delta State but for Nigeria that will anchor on petrochemical, explained Executive Director, NNPC, Dr. David Ige.

Also Nagarjuna from southern India, regarded as one of India’s leading agro-processing companies in India, is to build three fertiliser plants in the state, with each fertiliser plant having a capacity of 1.3 million tones per annum, in addition to those fertiliser plants, the company will build blending plants across the country including Delta State.

Accordingly, the Federal Government has allocated Koko Free Trade Zone through NODSRA for these investments.

“And expectation going forward now is that over the next few weeks, NNPC in conjunction with the state government and investor will move in top gear and will start with all the engineering works leading on to the commencement of construction over the next few months. And again if this is concluded, I can say almost say goodbye to poverty in Delta State because the economy of the state will be completely transformed and we are very assured of the peace and security and of the support of the people of Koko because today we met the Council of Chiefs and the traditional rulers there, a very warm reception by the youth leaders and everybody. And we believe that this is testament of the kind of peace and security that is going to underpin this investment in Delta State,’’ Ige said.

These are indeed tantalising prospects for the people of Delta State and nobody is happier than the Uduaghan, who is bent on etching his name on the sand of time, when the curtain is drawn on his tenure as the state executive officer.”

The projects are coming on the heels of the completion of the Asaba International Airport, described recently by the Aviation Minister, Stella Oduah, as a model and of international standard, worthy of emulation by other states.

The core investors accompanied by top officials of Nigerian National Petroleum Corporation (NNPC), Chevron, Nigeria Export Processing Zone Authority, among other stakeholders, visited the state penultimate week to assess support facilities and also toured the sites of the projects.

Uduaghan who hosted the visitors in Government House, Annex, Warri, after their assessment of facilities in the state, pledged mouth-watering incentives to enable the projects get off the ground , underlining both the federal and state governments’ determination to ensure the dreams come to fruition.

While underscoring the immense benefits to be derived from the two huge projects, the governor commended the Federal Government for choice of location, suing for all hands to be on deck as the future is rosy.

“When the plants are completed, they will employ many thousands of persons from Delta State. So we have a lot of benefits from it and there are several industries that will spring up from these plants. Industries that will utilise the by-products of these plants, and industries that will make parts for these plants will also benefit. So with the cooperation of every Deltan and everyone around, the future is very bright,’’ he said.

The investors, Xenel group of Saudi Arabia and Najarguna group from India, which would handle the petrochemical and fertiliser plants are very excited about the prospect and are raring to go.

Leader of the Xenel group’s delegation, Matouq Jannah, bared his mind, stressing the importance of having a petrochemical firm in the state.

Hear him: “We are happy to be have been part to such a programme which has been networked in Saudi Arabia in the late 70s and we have seen the proper development of infrastructure and proper planning for the industrialisation structure of the nation which is very important. We have seen in Saudi Arabia that people were laughing at us at that time of saying Saudi want to convert gas into plastic. Today it is one of the largest cities in the world. Yarbrough is one of the advanced industrial cities in the world and nobody can tell me that Delta State cannot be number three.

“I believe that with what we have and working with the NNPC, the state, the Nigerian government, the Nigerian people, I see a great responsibility coming into Delta state for the whole of Nigerian and not only for themselves. The petrochemical products is for the 150 million Nigerians. The downstream industries that are going to be created across Nigeria, not Delta State alone, will be massive in the employment of people. That is why it is very important for our activities that as well for self-help industries that are going to serve as the fertiliser, the gas sector, the power sector and so on, we hope that the state develop such sectors to provide these services for the next future for the technical activities in Delta State and as well to make it easier to grow horizontally across Nigeria. We believe that programme is attainable and with the will of everybody working together the goal can be achieved.’’

His counterpart from Nagarjuna group, Kovvuri Dharudu, shared similar sentiment, expressing pleasure to be part of the industrial revolution in the state, pledging to offer technical expertise on not only reducing urea but also in revitalising the agricultural sectors.

According to him, the investment would further strengthen the bilateral ties between Nigeria and India.

Said he: “Our intention is not only just to reduce urea, we also have plan to give our experiences and technology in the agric sector. As you know Nigeria, I believe has potentials and with no time it can be converted into a food-exporting country. And we know that everybody knows that food security is what people are looking and Nigeria has the natural resources which can be used to maintain these facilities.

“Fertiliser production using gas is the next one graduating into the gas industry than any other industry. So we intend to come into Nigeria with a plan to expand the fertiliser production and become a net exporter of fertiliser. We have also planned to bring plastic-blending plants all over Nigeria. We hope that with the support that the NNPC, the state, and Federal Government, we believe that this is going to be a good partnership between Nigeria and India.’’

Many indigenous oil and gas firms have shown interest to be part of the success story and among them is the Sahara Energy, pledging to put in unalloyed efforts and resources to ensure that the investments are realised.

Representative of Sahara Energy, James Ogungbemi said: “As a local and indigenous oil and gas company, I felt it necessary to participate in this programme to ensure local participation in the value change of going from our natural reform gas to the much needed product gas. Our friends and investors from Saudi Arabia and India are planning to bring into Nigeria to produce petrochemical gas will help the industrialisation of the teeming Nigerians or Nigerian small-scale industries as well as to produce fertiliser that will aid food programmes of the government.

“We are very enthusiastic to put in all our efforts and resource to ensure the success of the central-processing facility that will provide the much- needed raw materials for the petrochemical and fertiliser plant. We assure you very much sir that we shall not relent in our effort to make sure that this project comes to a fruitful conclusion. Thank you very much.’’

Also speaking, Alhaji Iya Pate of Nigeria Export Processing Zone Authority, lauded the Federal Government for putting the companies in the region, describing government’s decision as well thought out, which would further create more economic opportunities for the populace and in the main drives economic growth.

In his remarks, a member representing Warri Federal Constituency, at the National Assembly, Daniel Reyenieju, while thanking the investors for coming to the state to invest, he gave the assurance that there would be a conducive environment for the investments to thrive.

“We will create the enabling environment for you to actualise your dream of building the plants,” he said.

http://www.independentngonline.com/DailyIndependent/Article.aspx?id=38855

How is this possible? When Delta prefer to be paying 2 billion naira monthly pay to Obj via a bogus investment and the latest appointment of a murder suspect as the commissioner of oil & gas ?. . Or when the SSG is having more than 50 political thugs on his payroll while living in a 10 billion naira mansion? Yeye the dey smell and Delta state has gone done to the dogs.
Instead you Beaf to focus your energy on that gansta's paradise of place, you are busy rattling about places that doesn't affact you or by lunching attacks on those that have gone more than a million light years ahead of that cess pit call Delta.


like Ibori like uduaghan. . , delta, a safe heaven for thieves!

@ Topic,

Great development, and good news for Delta State specifically, and Nigeria in general.

Rhino.5dm:

How is this possible? When Delta prefer to be paying 2 billion naira monthly pay to Obj via a bogus investment and the latest appointment of a murder suspect as the commissioner of oil & gas ?. . Or when the SSG is having more than 50 political thugs on his payroll while living in a 10 billion naira mansion? Yeye the dey smell and Delta state has gone done to the dogs.
Instead you Beaf to focus your energy on that gansta's paradise of place, you are busy rattling about places that doesn't affact you or by lunching attacks on those that have gone more than a million light years ahead of that cess pit call Delta.


like Ibori like uduaghan. . , delta, a safe heaven for thieves!  

Lol! Delta a cesspit? I would love to know what forest you crawl out from each morning!
I know its jealousy sha, cos in some places, the best they can hope for is rat catching.

The core investors accompanied by top officials of Nigerian National Petroleum Corporation (NNPC), Chevron, Nigeria Export Processing Zone Authority, among other stakeholders, visited the state penultimate week to assess support facilities and also toured the sites of the projects.

Uduaghan who hosted the visitors in Government House, Annex, Warri,  after their assessment of facilities in the state, pledged mouth-watering incentives to enable the projects get off the ground , underlining both the federal and state governments’ determination to ensure the dreams  come to fruition.

$16billa can cause jealousy to issue out of the semi-literate area boys, 419's and almajiri's that litter NL. In the meantime, the good and dynamic folk all over the country are making progress.
Keep on shouting like a strangled cow, your voice will only crack. . . making noise like a bad winsh!

Is Dollar the new Nigerian currency?. Besides, what do these journalists take $1BN for how much less $16BN?.

Oya off you go shameless Arrow! Only in a cess pit would a murder suspect appointed as a commisioner. The last i hear of similar incident was while watching Indian film. Pagaal!

www.nairaland.com/nigeria/topic-737542.0.html#msg8940164

Rhino.5dm:

Oya off you go shameless Arrow! Only in a cess pit would a murder suspect appointed as a commisioner. The last i hear of similar incident was while watching Indian film. Pagaal!

www.nairaland.com/nigeria/topic-737542.0.html#msg8940164

Where you actually born daft or you had your brain removed? Lol!
All this hopping around like a fevered baboon is because you've heard of something good springing up somewhere?! Dude, you're like a child of darkness and a very bad winsh!!!

Madam na so we see am o! Ok she you know one obonge criminal call James "BOND" Ibori? Wey him thief plenty money like biliions upon billions? That man wey him dey for jail for UK? Na him state be dis o o o. Na so dem dey do for Delta. Only thief thief na him dem sabi. Dem go collect plenty allocation from our oil maney, na to dey devide am among dem self na him dem know.
You no see how beaf dey support dem? Na him work be that.  twah! twaellee!!!

aloy-emeka:

Is Dollar the new Nigerian currency?. Besides, what do these journalists take $1BN for how much less $16BN?.

Bros! Ha fa na?
Bad market abi? . . .so how much dem dey pay you? Make you kuku ma go meet dat short devil-man Uduaghan na? De guy dey employ nyansh lickers like you oo.

P square go sing say "yeh i don die eye" . . .Muhehe

Beaf:

Where you actually born daft or you had your brain removed? Lol!
All this hopping around like a fevered baboon is because you've heard of something good springing up somewhere?! Dude, you're like a child of darkness and a very bad winsh!!!

How is this possible? When Delta prefer to be paying 2 billion naira monthly pay to Obj via a bogus investment and the latest appointment of a murder suspect as the commissioner of oil & gas ?. . Or when the SSG is having more than 50 political thugs on his payroll while living in a 10 billion naira mansion? Yeye the dey smell and Delta state has gone done to the dogs.
Instead you Beaf to focus your energy on that gansta's paradise of place, you are busy rattling about places that doesn't affact you or by lunching attacks on those that have gone more than a million light years ahead of that cess pit call Delta.


like Ibori like uduaghan. . , delta, a safe heaven for thieves!

How is this possible? When Delta prefer to be paying 2 billion naira monthly pay to Obj via a bogus investment and the latest appointment of a murder suspect as the commissioner of oil & gas ?. . Or when the SSG is having more than 50 political thugs on his payroll while living in a 10 billion naira mansion? Yeye the dey smell and Delta state has gone done to the dogs.
Instead you Beaf to focus your energy on that gansta's paradise of place, you are busy rattling about places that doesn't affact you or by lunching attacks on those that have gone more than a million light years ahead of that cess pit call Delta.


like Ibori like uduaghan. . , delta, a safe heaven for thieves!

How is this possible? When Delta prefer to be paying 2 billion naira monthly pay to Obj via a bogus investment and the latest appointment of a murder suspect as the commissioner of oil & gas ?. . Or when the SSG is having more than 50 political thugs on his payroll while living in a 10 billion naira mansion? Yeye the dey smell and Delta state has gone done to the dogs.
Instead you Beaf to focus your energy on that gansta's paradise of place, you are busy rattling about places that doesn't affact you or by lunching attacks on those that have gone more than a million light years ahead of that cess pit call Delta.


like Ibori like uduaghan. . , delta, a safe heaven for thieves!

Must these idiot.s put the dollar sign next to their bogus figues? Do they even know the difference between dollars and naira?

^^^ Now this has got to be plain Envy at work. Did you read the piece at all? If you did then you wouldav noticed the plants are not COCOA processing plants but PETROCHEMICAL and FERTILIZER plants. I'm sure the writer deliberately chose to quote the amount in dollars to lessen the spinning of head of dumbo's like you. If you like google heaven and earth, the cost still is $16b of investors not state fund, so if you want die start to dey die now!

Like Ibori like Uduaghan

I am sure wiser folk are strategising, consulting and communicating to see how they can fit in. Most of the dissenter on this thread are just dumb and are making the usual animal noises they are known for.

The fact is, there is a project on the ground, the first of several that would dramatically change the fortunes of the average person, so that we begin to actually see jobs being created each time we are told our economy has grown 8%. The reason there were no commensurate jobs in the past, is that all of the money went to Shell and one or two alhaji's.

For the first time in Nigeria, the money from oil is actually going to benefit Nigerians. We are taking pride of ownership in our oil industry, not hanging about, recieving brown envelopes from Shell and doing fuckall for the people. Today you can also see an oil rig at Apapa, cos for the first time in our 50 year history, we are servicing the damn things right here in Nigeria; not waiting as second class people for oyibo's to do it for us. There is actually a brand new pride in being Nigerian.

There will always be bad winshes who cannot see beyond, section, ethnicity and religion. Among every 12 there is a Judas and a couple of bad monkeymen, but the average Nigerian stands tall as a Judas destroyer and a bad monkey smasher. We be eating you raw! Lol!

wesley80:

^^^ Now this has got to be plain Envy at work. Did you read the piece at all? If you did then you wouldav noticed the plants are not COCOA processing plants but PETROCHEMICAL and FERTILIZER plants. I'm sure the writer deliberately chose to quote the amount in dollars to lessen the spinning of head of dumbo's like you. If you like google heaven and earth, the cost still is $16b of investors not state fund, so if you want die start to dey die now!

$16 billion US dollars for petrochem and fertilizer plants? Are they going to be gold plated or diamond encrosted.

You and the writer dey shayo.

Now I remember reading something about this project. 1 petro chem plant and 2 fertilizer plants in Lagos and delta states.

The cost for all 3 plants is actually $5 billion, not $16 billion.

These silly olodo nigerian writers sef.

And what's ethnicity got to do with this? Is one of the plants not going to be built in Lagos?

Eko Ile:

Now I remember reading something about this project. 1 petro chem plant and 2 fertilizer plants in Lagos and delta states.

The cost for all 3 plants is actually $5 billion, not $16 billion.

These silly olodo nigerian writers sef.

And what's ethnicity got to do with this? Is one of the plants not going to be built in Lagos?

The last sentence is what makes you a fool. The same goes for your fellow ethnically bigoted bottom feeders.
Suddenly the news is ok and your primitive attitude / jealousy dissolve, because a plant will be built in Lagos?

This is why some people regret having their kids.

Look at this swamp rat. Is this a reading and comprehension problem or your are as usual smoking too much oil?

I didn't even say anything about the location of the project or stated any retional against it, my only take was about the figures attached to the project which was a lie or some dumb reporting.

So where did you get your ethnicity rubbish from? You re'tard.

Must you worthless crap spewing nuisance label everything ethnic based?

Dum.b

Nigeria, Xenel, Nagarjuna Sign Petrochemical Plant Accord
By Elisha Bala-Gbogbo - Mar 24, 2011 Nigeria signed a memorandum of understanding with Xenel Corp. of Saudi Arabia and Nagarjuna Fertilizers & Chemicals (NFCL) Ltd. of India to build petrochemical and fertilizer plants in the West African country.

The projects include one petrochemical facility and two fertilizer factories with capacity of 1.3 million metric tons in the southern Delta state and in Lagos, the commercial capital, Oil Minister Diezani Alison-Madueke said today in Abuja, the capital.


The petrochemical and fertilizer plants are expected to cost $3.5 billion and $2.5 billion, respectively, and the projects are expected to be completed by 2014, according to the companies building the plants.

To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at ebalagbogbo@bloomberg.net
To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

.http://www.bloomberg.com/news/print/2011-03-24/nigeria-xenel-nagarjuna-sign-accord-on-petrochemical-fertilizer-plants.html

Another avenut to steal and chop the populace money. Uduaghan cannot even organise a free drink-up in a brewery. The Asaba airport is a joke, described by unaccomplished aviation minister as great, critisized by aviation experts and labelled a death-trap. What a society

Eko Ile:

Look at this swamp rat. Is this a reading and comprehension problem or your are as usual smoking too much oil?

I didn't even say anything about the location of the project or stated any retional against it, my only take was about the figures attached to the project which was a lie or some dumb reporting.

So where did you get your ethnicity rubbish from? You re'tard.

Must you worthless crap spewing nuisance label everything ethnic based?

Dum.b

.http://www.bloomberg.com/news/print/2011-03-24/nigeria-xenel-nagarjuna-sign-accord-on-petrochemical-fertilizer-plants.html

Dunce. Nigeria is changing and your primitive, ground crawling kind are getting left behind with speed.

Who doesn't know you on NL? Even when you sit on the toilet, bigotry floods out of your scary arse.
The topic only became ok to your foolish self when you realised that a plant was going to be built in Lagos. Until then, it was to be condemned.

Bigoted baboon.

What's wrong with this re!ta+ded swamp rat? What's rellevancy or location got to do with the bogus price tag? I guess it doesn't even matter to you if the price tag was 100 billion as long as its in your backyard. Of course, you are the true son of Alams,ibori and others. Crookedness runs in your DNA.

Lol @ this swam dweller talking about backwardness. Wonders shall never end.

diverging view = bigotry. some people just dont change

Eko Ile:

What's wrong with this re!ta+ded swamp rat? What's rellevancy or location got to do with the bogus price tag? I guess it doesn't even matter to you if the price tag was 100 billion as long as its in your backyard. Of course, you are the true son of Alams,ibori and others. Crookedness runs in your DNA.

Lol @ this swam dweller talking about backwardness. Wonders shall never end.

Location? No, bigotry, thats all that oozes from your smelly arse.
Everything you say and think is bigoted, cos you're as twisted as a lastma operative thats seen N100. Its like a dog on dop'e.
Regardless of how fools like you conduct themselves, Nigeria will continue to progress in leaps and bounds, while your every outburts further exposes your primitive mindset.

The topic only became great because a plant is going to be built in Lagos? Lol!

Dude, take any of these at regular intervals, before long, you will happen on one that cures daftness and primitive approaches to all subjects. Enjoy.

You really don't have to keep proving to.me the fact that you are a worthless juvenile re.tard. we know this already. True son of ibori and alams, share your drugs with them.

Lol@ this generic slime talking about conduct and nigeria moving forward, you must mean same way your fathers ibori and alams moved it foward.

Pathetic scums.

^
All you damaged bigots can do is develop a mental limp while the country rockets forwards. People like you are getting left behind with your stoneage thought processes.
If you bufoons like, you can scream to high heavens each time you see a laudable project taking off outside your squalid villages, it won't stop the development train from riding on.

If the first set of painkillers didn't do the trick, you can try these (strictly one three times a day after meals ). Anywhere e de pain you, dis one go do am!

Oloshi who is the bigot. Dum.b fool heard price tag and went crazy about bigotry and ethnicity. You are not only a bigot, you are a re.tarded ignorant bigot.

I just need you to  show  us  how  your fathers ibori and alams aka interational criminals and convict including terorists moved nigeria forward. You are already a failure just like the crooks and incompetent people you  share  dna with. You all are a disgrace to nigeria,


Damn scums.

^
Dude, go and chew on rats or whatever it is primitive bigots do in their spare time.

Nigeria will progress without intellectual lepers and moral vipers like yourself, who see nothing good in developments that are fundamental to Nigeria's industrialisation and the diversification of our economy from rent-seeking to actual production. I guess it would put you crooks and bandits out of work, thats why you scream so hard against progress.

Dimwit.

Nigeria will progress, but not with you and your criminals and convicts brothers and terorists disgracing nigeria everyday. Even the incompetent dullard at aso rock is a sad reflection of of your shitty dna.

I still don't know how price tag got this usless scum bag boiling. Idio.tic bigot oshi buruku.

^
You still hanging around? I'll soon give you some sweeties so you can go play with your fellow dimwits round the corner.
I thought you werent a Nigerian and were planning to secede cos your state had bought a couple of boats which you thought were their new navy!
When did you start talking about Nigeria? Thank God the correctional pills are working.

Nigeria will go a long way without bigoted fools like you have their brains sagging uselessly from their ears and dragging on the floor behind them.