Udom Emmanuel: Akwa Ibom has no single investment by federation government

Udom Emmanuel: Akwa Ibom has no single investment by federation government
Governor Udom Emmanuel expressed regret that despite possessing around 36.1% of Nigeria's oil and gas reserves, Akwa Ibom State has not received a single federal investment in the upstream, midstream, or downstream sectors.

Emmanuel said during a courtesy visit from an Oil and Gas Free Zone Authority (OGFZA) team on Tuesday at the Government House in Uyo, which was led by Senator Tijjani Kaura, the OGFZA's new Managing Director and Chief Executive Officer.

He added that, given the state's significant investments in and contributions to the country's economy through the oil and gas sector, it ought to take centre stage in the distribution of gains from the petroleum industry.

He congratulated Senator Kaura on his recent appointment to succeed Mr. Umana Okon Umana who is currently the Minister of Niger Delta Affairs, reassured his administration’s committment to its relationship with OGFZA especially in expediting the realization of the State’s Liberty Oil and Gas Free Zone.

The governor called for concerted efforts by the federal government towards adequately harnessing the oil and gas endowments, and repositioning of the oil and gas sector to Nigeria’s advantage.

His words: “I want to welcome you and say a big congratulation on this appointment. We’ll do everything to give you the maximum cooperation that you need.

“We assure you the readiness of this government to collaborate with the new leadership of Oil and Gas Free Zones Authority, especially in expediting the realization of the State’s Liberty Oil and Gas Free Zone.

“We’ve managed to bring in some companies ranging from LNG to Petrochemical. The amonia and fertilizer plants will also make use of the gas. At the end of the day we see that there’s hardly a situation where we can move Nigeria forward that we can ignore gas.

“Even the aluminum smelter company will not have to run on diesel; they’ll also need gas. It’s a web that will weave round and impact various aspects of the economy to make sure things work well.


“Akwa Ibom State, despite sitting on about 36.1% of Nigeria’s oil and gas reserve, has no single investment by the federal government to show for it, ranging from the upstream to the downstream sector.

“If Nigeria does not make use of the oil and gas now that it is still very relevant to the whole world, in forty years time the pursuit for the development of alternative sources of power would have been realized”

The governor who reiterated that his administration’s cardinal programmes were anchored on developing the three major gateways of air, land and water transportation, noted that the state presently could boast of a dualized thoroughfare from the state capital to the Atlantic ocean, with about 24km dualized bypass to the East West road from, while planning a major coastal highway to the upcoming deep seaport.

“With proposals so far from some investors to do transshipment from the state’s imminent seaport; the Federal Government will be required to grant approvals for modular refineries to avail the industry with a hub for ready supply of aviation fuel.

“For air transport, with the only MRO in this part of Africa to be ready for commissioning in about 8 weeks and a modern digital terminal building with full compliance to modern safety, security and ICT systems to guarantee ease of doing business within the year, a cargo section will naturally come into existence”, the governor said.

In his remarks earlier, the OGFZA MD/CEO, Senator Tijjani Kaura, commended Governor Udom Emmanuel for his contributions and investment towards the actualization of Liberty Free Zone in the State.

He described the project as critical to economic booster for the State which has potentials to attract over $22 billion and employ over 100,000 youths.

He appealed for a state based agency to interface with the OGFZA in order to achieve the goals of Free Zone, noting that: “the Liberty Oil and Gas Free Zone is strategically located, and on completion will be the largest in the country.”
Chima Ugo is a patriotic Nigerian, a journalist, blogger and singer who is so much interested in the internet, journalism, and blogging and have been for half a decade.