PRESIDENT Goodluck Jonathan, on Thursday, flagged off the implementation of the $1.5billion (about N260billion) Quantum Petrochemical Complex in Ibeno, Akwa Ibom State.

The state-of-the-art facility will produce a range of petrochemicals including polyethylene, polypropylene and methanol.

He also commissioned the Uquo Gas Processing Facility built by Seven Energy and operated by Frontier Oil Limited, an indigenous company.

Speaking moments after unveiling the plaque of the petrochemical project, Jonathan observed that the plant is a major investment which will create jobs and and rob off on other industries in the country.

He praised the chairman of the Board of the company, Mr. Jim Ovia, for his commitment to the development of the nation, saying, "you have decided to bring the money back home."

Jonathan, who described Ovia as "one of those making Nigerians proud," similarly thanked the owners of the land upon which the plant is being built as well a the Ibeno community for ensuring its security.

In his remarks, Governor Godswill Akpabio of Akwa Ibom State, pointed out that the owner of the plant decided on his own accord to site it in the state without being lobbied.

He lauded the President for personally coming to perform the groundbreaking ceremony, thus providing it with Presidential Seal of approval.

"Mr. President, you said nothing can stop you, not even ebola, to be personally present to put the Presidential seal of approval on the project," the governor remarked.

Speaking earlier, Ovia disclosed that the project is being executed at the cost of $1.5billion.

He noted the importance of the project because of the derivatives it will produce which are necessary to produce other essential goods in the country.

Ovia said: "The importance of developing capacity within the petrochems industry should not be underestimated. Petrochemicals provide the foundation for manufacturing industries; for example, construction, packaging, pharmaceuticals, agriculture, textiles, etc.

"Petrochemicals are vital to our everyday life: the plastic bottles that allow us to drink sanitary water, the clothes that we wear, the fertilisers that we use to grow crops, the tires on our cars that brought us here today, the shovel that we use to break the ground, the cosmetics that ladies among us applied today, the pharmaceuticals we take everyday to enjoy a healthy life; all are derivatives of petrochemicals of some form.

"This petrochemical park will enable a whole host of local industries to sprout and flourish: providing significant employment opportunities for Nigerians."

Ovia commended the President for his presence at the occasion, describing as a demonstration of his support of the transformation of all sectors of the country.
http://tribune.com.ng/news/news-headlines/item/13401-jonathan-flags-off-n240bn-petrochemical-complex

images of the $600million 200million cfg capacity gas processing plant commissioned by mr president today at Uquo Esit Eket.

more pic of the gas processing plant

Pictures of the foundation laying ceremony of the quantum petrochemical and methanol plant at ibeno today by Mr president flanked by the promoter Mr Jim Ovia and the minister of pertroleum resources mrs allison madueke and gov. Akpabio looks on

this is really good, Akpabio is a great governor. he built good infrastructures in his state now industries are attracted to invest. This is a dividend of sound development strategy. Kudos to Akwa Ibom people for selecting a good governor.

and somebody will say don't vote for GEJ, if i dont vote for him who would i vote for.

good job!

Uncle jona + Akpabio = uncommon transformation..
Uncle Jona till infinity, no b sample fins!!!

Good news

Seun and ngwakwe tis deserves front page though

rozayx5: Good news

Seun and ngwakwe tis deserves front page though

no its unsourced / rumor of commissioning of the yet to be completed Akwa Ibom State Stadium that will make front page. the Mods are sleeping on the job.

this is front page material mods take note

Good News!!! This is the kind of news i want to hear regularly, development happening from South West to South East to South South to North and other part of the country. It is time to put aside partisan politics and build the nation together.


#Team National Development

Just a seaport and this, Akwa ibom will explode with industries

Damn! If a common stadium could give some coneheads trouble yesterday; I'm sure, with this latest news, otapiapia manufacturers are going to record a spike in patronage today!

Osunnites will be having a massive cringe fest

Faun: Damn! If a common stadium could give some coneheads trouble yesterday; I'm sure, with this latest news, otapiapia manufacturers are going to record a spike in patronage today!

well the mods dont want to take it to frontpage so as to reduce the suicide rate

i wish i am one of the advisers of the gov'r, would ve made him see what a seaport will do to the state. also we hv good limestone deposit at ikono, why not invite dangote to come in n do what he knws hw to do best. INVEST. GOD BLESS MY STATE,, AKWAIBOM AYA ADO OK. WE are gettng thr soonest

ujoinme: no its unsourced / rumor of commissioning of the yet to be completed Akwa Ibom State Stadium that will make front page. the Mods are sleeping on the job.

Faun: Damn! If a common stadium could give some coneheads trouble yesterday; I'm sure, with this latest news, otapiapia manufacturers are going to record a spike in patronage today!

Nna i ga-egbu mmadu o o, as in Awo-special

jieta: and somebody will say don't vote for GEJ, if i dont vote for him who would i vote for.

dont mind them.
Goodluck has really changed the face of nigeria economic alongside some able lieutenant such as iweala,aganga,etc.
Good is the man

poiZon: i wish i am one of the advisers of the gov'r, would ve made him see what a seaport will do to the state. also we hv good limestone deposit at ikono, why not invite dangote to come in n do what he knws hw to do best. INVEST. GOD BLESS MY STATE,, AKWAIBOM AYA ADO OK. WE are gettng thr soonest

the seaport is moving at a snail speed because investors have refused to partner with the state/FG ,that is just d problem.akpabio knows the benefit of the seaport that is even why he ventured into it.
i wished we had used the money for the stadium and airport to developed this seaport,by now ships would have been arriving there,chai! imagine job.
as for ikono and limestone,the limestone maynot be in commercial quantity enough to attract ibeto n dangote but lets see how it goes.i love ya idea.

akwa ibom ye nigeria ado ok