Energy Expert Advises RSG On Dry Dock Project

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Rivers State Government has been called on to invest in the Dry Dock yard project as to enable it benefit from its potentials.
The Managing Director of the State-owned Treasure Energy resources, Dr. Eddie Wikina, made the call in an interview with newsmen in Port Harcourt, Wednesday.
He said the state can offer land as equity to the project because of its high revenue yielding potential.
Wikina noted that the multi billion dollar project was important for the development of its host communities.
Though, he was not specific as to where it would be sited, but said it must be sited in an area where all its requirements must be met.
Such requirements, he said, include, a deep sea with about three-four kilometers.
According to him, projects of such standing should be created with no sentiment in order to allow for meeting of international standard.
Another condition Wikina gave for the siting of the project was availability of natural resources, good road net work and international airport.
He also listed security as key in the project, pointing out that Warri lost its investors and companies due to insecurity.
From the above argument, he was of the view that Port Harcourt has the needed facilities for the project, hence the need for the state government intervention.
Moreso, he has called on investors to think on how to spread investments, saying every project must not be sited in Lagos State.
The Treasure Energy boss regretted that Niger Deltans are still lavishing in poverty despite the huge availability of natural resources in the area.