Efforts by the Oil and Gas Free Zones Authority, OGFZA, to fulfill its core mandate and play a key role in the Federal Government’s drive for foreign direct investments, FDI, received a major boost, weekend, when the Bayelsa State Government announced that it has handed over to OGFZA state lands measuring 35,000 hectares for the development of the Brass Oil and Gas City.

The land for the location of factories and offices is a key attraction to FDI in the free zones.

The Surveyor-General of the state,  Gede Moses, said a portion of the 35,000-hectare land had been surveyed and ready for deployment.

Bayelsa State governor, Mr Seriake Dickson, on his part, said OGFZA was free to deploy the land resources the way it deems fit to accelerate the development of free zones in the state.

Dickson sas responding to a request for support from the Managing Director of OGFZA, Mr Okon Umana, who was at Government House, Yenegoa on a courtesy call on the state governor.

Umana had asked Governor Dickson to support “OGFZA to execute its mandate of attracting investments to the free zones with allocation of land to the Authority, backed with a certificate of occupancy.”

Umana praised the Bayelsa State Government for its enduring support to OGFZA over the years and described the relationship between the state and the agency as that of “natural partners in the development of the (South-South) region and our dear country in general.”

He also commended the governor’s commitment to the development of Bayelsa state.

He said that the Brass Oil and Gas City, to which $3.5 billion had been committed, was a major effort to improve the quality of lives of Nigerians and accelerate development of the South-South region.

Noting that the world has come to realise the place of free zones as engines of growth and development that have generated more than 42 million jobs in about 4,000 free zones globally, Umana called for “the abiding support of the Bayelsa State Government for OGFZA in its mandate as free zones regulator to inspire and sustain continuing confidence of the investment community.”

Dickson pledged his administration’s support for the projects but expressed concern that important aspects of the projects such as access road to Brass Oil and Gas City was beyond the capacity of the state government and needed federal intervention.

He congratulated Umana on his “Well-deserved appointment” and commended President Muhammadu Buhari for “making the right choice for the job of chief executive of OGFZA,” describing Umana’s visit to Government House, Yenegoa as “highly symbolic because Bayelsa is the cradle of the oil and gas economy in Nigeria.”

Read more at: http://www.vanguardngr.com/2017/05/fdi-ogfza-gets-35000htrs-bayelsa/

APC Government is useless and a curse to Nigeria. They cannot even develop a small state like Bayelsa that is full of Land and house

The project is actually pretty ok I had to skimmed through it. Basically it's supposed to help Nigeria's industrialization efforts. Then increase Nigeria's presence in down down stream then upstream later. What factory are they looking to build currently.

very huge development

Blue3k:
The project is actually pretty ok I had to skimmed through it. Basically it's supposed to help Nigeria's industrialization efforts. Then increase Nigeria's presence in down down stream then upstream later. What factory are they looking to build currently.

I'm telling u

I just wish we can restructure. This country will change in 10years.

Stability of electricity will sort out a lot and open up the country. That national grid nonsense is just archaic.

Let SS use gas to power their electricity
SW use their IPP project
SE use coal
NORTH and MB use all the dams, shiroro, kainji etc with wind and sunlight.

Once we have power, companies will thrive, provide employment and states can get company and income tax etc.

codedguy1:
I just wish we can restructure. This country will change in 10years.

Stability of electricity will sort out a lot and open up the country. That national grid nonsense is just archaic.

Let SS use gas to power their electricity
SW use their IPP project
SE use coal
NORTH and MB use all the dams, shiroro, kainji etc with wind and sunlight.

Once we have power, companies will thrive, provide employment and states can get company and income tax etc.

Not a bad idea though



Restructuring will make each zone to buckle up


Dat is exactly what Nigeria needs right now

codedguy1:
I just wish we can restructure. This country will change in 10years.

Stability of electricity will sort out a lot and open up the country. That national grid nonsense is just archaic.

Let SS use gas to power their electricity
SW use their IPP project
SE use coal
NORTH and MB use all the dams, shiroro, kainji etc with wind and sunlight.

Once we have power, companies will thrive, provide employment and states can get company and income tax etc.

Get ur fact right.. SE has the major gas reserves in this country

mrvitalis:

Get ur fact right.. SE has the major gas reserves in this country

We are talking gas you are calling south east.
What is the current output today in SE as compared to SS?

Ekinematics:




We are talking gas you are calling south east.
What is the current output today in SE as compared to SS?

I said reserves ...hope u know what that means ...

I repeat south east has more gas reserves than south south ....yea most untapped

We don't have refineries in Nigeria (hardly reliable), people that are making effort instead of being encouraged and the energy channeled appropriately they are being victimized calling illegal refinery. They can be encouraged and schooled on running modular (small scale refineries) such refineries are common abroad. This country encourages no one. Little wonder Prophet TB Joshua is relocating to Isreal. He has seen it all!

mrvitalis:


I said reserves ...hope u know what that means ...

I repeat south east has more gas reserves than south south ....yea most untapped

Show me proof?
Not the regular chest beating.
Venezuela has the world largest proven oil reserve, but Saudi Arabia still pumps more oil than Venezuela.
So what are you talking?
Op is calculating based on what's on ground and you are talking balderdash.


If SE has the highest gas reserve as you claim show me proof. Not the regular talk talk and all talk.
Where is the proof?
I've been seeing this lie over and over again on nairaland and just ignore it.

Go to NLNG brass and bonny, go to escravos terminal, go to qua iboe then come lets talk.

Ekinematics:

If SE has the highest gas reserve as you claim show me proof. Not the regular talk talk and all talk.
Where is the proof?
I've been seeing this lie over and over again on nairaland and just ignore it.

Go to NLNG brass and bonny, go to escravos terminal, go to qua iboe then come lets talk.

Most of the Natural gas reserves are in the Niger Delta as most would guess. I got that information from US gov website.

https://www.eia.gov/beta/international/analysis.cfm?iso=NGA