Niger Delta
Ijaws Hail Jonathan For Relocating $500m Fabrication Site
The Ijaw Youth Council
(IYC) has applauded President Goodluck Jonathan for the relocation of the Egina Floating Production Storage and Offloading (FPSO) vessel to Agge in Bayelsa State even though the court has stopped its relocation.
Our correspondent recalled that the $500 million project had earlier been slated for LADOL fabrication yard in Lagos.
But President Jonathan on May 15, directed that the oil and gas investment project be relocated from LADOL Free Trade Zone (FTZ) in Lagos to Agge in Bayelsa.
The directive also instructed industry operators to move oil and gas cargoes to only ports in Warri, Calabar and Onne nearer to where the projects were to be sited.
In a statement issued in Yenagoa by IYC Spokesman, Mr Eric Omare,said the directive made economic sense and was in tandem with the Nigerian Content Act, 2010.
“The IYC and indeed the Niger Delta people back the directive of President Jonathan to move the fabrication of oil and gas materials to the Niger Delta where the eventual job is to be done.
“This is not only in line with the requirement of the local content law but it also makes so much economic sense.
“It is common knowledge that Lagos is highly congested and there is need to move some class of cargoes, especially oil and gas materials, to ports within the Niger Delta region where the oil facilities are located.
“We consider the opposition to the Presidential directive and the attendant media propaganda as an insult on Niger Delta people,” Omare stated.
Omare also noted that all the oil companies operating in the Niger Delta region had their head offices in Lagos to the detriment of the Niger Delta economy, even when existing laws stipulated they should be domiciled in the Niger Delta.
Niger Delta
Oborevwori Launches Medical Outreach For Children With Special Needs
Niger Delta
UniCal Commits To Nursing Education Dev In C’River
Niger Delta
Agency Demolishes Illegal Roadside Structures In Delta N8 by … Clears Street Traders
-
Politics4 days agoAPC Releases Adjusted Timetable For Nationwide Congresses, Convention
-
Sports1 day ago2026 WC: Nigeria, DR Congo Awaits FIFA Verdict Today
-
Sports4 days ago
DG NIS Wants NSC Board Constituted, Seeks Increased In Funding
-
Business4 days agoCustoms Seek Support To Curb Smuggling In Ogun
-
Featured4 days agoINEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations
-
Sports4 days agoSWAN Rivers Set-up Five Functional Committees
-
News4 days ago
Police Bust Kidnapping Syndicate In PH
-
Sports4 days ago
NSC Disburses N200m Training Grants To 26 Athletes
