Sylva on the Move For Massive Development Of Bayelsa and Niger Delta Region As FEC Approved Oil & Gas Parks

The Federal Executive Council (FEC), on Wednesday in Abuja, approved the establishment of oil and gas parks in Akwa Ibom and Bayelsa States.

Minister of State for Petroleum Resources, Chieg Timipre Sylva, disclosed this while briefing State House correspondents after FEC meeting presided over by President Muhammadu Buhari at the Presidential Villa.

He said the parks, which would cost over N3 billion, were for the production of oil and gas tools

“Today, in council, the Ministry of Petroleum Resources presented two memos for the establishment of oil and gas parks.

“Council approved the oil and gas council one for Akwa Ibom and the other in Bayelsa.

“The oil and gas parks are to support the development and manufacture of oil and gas tools; as some of you know, in some countries, the service sector of the oil industry is sometimes even bigger than the oil industry itself.

“Unfortunately, in Nigeria, that sector has not grown so much; this administration is really committed to developing the service sector and that is why the oil and gas parks are being built,’’ he said.

Sylva said that the parks would create up to 1000 additional jobs as well improve the security of the Niger Delta.

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