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FG approves #2BN for construction of internal roads in NCDMB gas hub in Bayelsa

Last updated: September 14, 2022 4:47 pm
3 years ago
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2 Min Read
Antoni Eromonsele Nusa 6

The Federal goverment has approved over two billion naira for the construction of internal roads and drainages in the Nigerian Content Development and Monitoring Board gas hub located at Paloco in Bayelsa State.

Minister of State for petroleum resources Timipre Syla said this on Wednesday while briefing State house correspondents at the end of the weekly meeting of the Executive Council of the Federation at the State house Abuja.

He said “Council today approved a contract to messes Black Springs limited to construct internal roads and drainages in NCDM gas hub located at Paloco in Bayelsa State. The gas hub is to encourage the development of companies that will process and develop our gas and to deepen the use of gas internally and to be able to process gas for export and to also construct cylinder. Already there are companies that are in the gas hub – Shell Nigeria gas is already located in the hub, Roll gas is already located in the hub. So these drainages and roads and the developments in that hub are expected to encourage more companies to come into that hub to be able to deepen and develop gas. This is in furtherance of commitments to the decade of gas as declared by Mr. President, from 2021-2030.”

Asked when the refineries in the country will start operations, Sylva explained that the old refinery in Port Harcourt will be functional by December adding that work is also progressing at the Kaduna and Warri refineries.

Editor : Ena Agbanoma

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