OGFZA Gets Land In Bayelsa For $3.5bn Free Zone Projects

OGFZA Gets Land In Bayelsa For $3.5bn Free Zone Projects

In line with the Federal Government’s drive for foreign direct investments, FDI, inflow into the country, the Oil and Gas Free Zones Authority, OGFZA, has received from the Bayelsa State Government a parcel of land measuring 35,000 hectares for the development of the Brass Oil and Gas City.

OGFZA said the land for the siting of factories and offices will help it to fulfil its core mandate and play a key role in attracting FDI, as it will be a key attraction to investors.

Speaking during a courtesy visit to the Bayelsa State Governor, Mr. Henry Seriake Dickson, at the government house, Yenagoa, the Managing Director of OGFZA, Mr. Umana Okon Umana, requested for support on the project from the state government.

Umana 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 as a way of giving the investment agency the capacity to effectively partner with investors.”

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

Responding, Dickson declared that OGFZA was free to deploy the land resources the way it deemed fit to accelerate the development of free zones in the state.

Governor 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.

topics from
There is no comment