He said, “The Federal Government of Nigeria has launched a National Economic and Growth Plan for the next four years. This is anchored on the Nigeria Oil and Gas Roadmap among other sectoral roadmaps.
“This roadmap presents exciting opportunities for financial and strategic partnerships in excess of $50bn (about N1.58 trillion).
“About $13bn -$17bn will go to the upstream for the development of upstream gas fields with a total of 37.4 trillion cubic feet.
“$14bn -$17bn will go to the Trans-Nigeria gas pipeline project, gas revolution industrial park at Ogidigben and three power plants for additional 3.2 GW capacity in the gas and power sector”.
He added that $2.5bn – $5bn will be invested in licensing and establishment of modular refineries, collocate refinery within Kaduna Refining and Petrochemical Company and rehabilitating/upgrading the three refineries.
“In the downstream sector, about $3bn – $3.9bn will go to revamping of liquefied petroleum gas, building of new Compressed Natural Gas plants across the country and to pipeline and storage tank constructions.
“In addition, $0.7bn – $1bn will be invested in ventures such as equipment leasing, development of multi-specialist hospital and cancer diagnostic and treatment centres,” he stated.
He also assured them of security and the new ease of doing business in Nigeria, adding that government had made progress on reforms in the sector.
Dr Ibe Kachikwu, Minister of State for Petroleum Resources woes foreign investors
Reviewed by Unknown
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May 02, 2017
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Reviewed by Unknown
on
May 02, 2017
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