Wednesday, November 14, 2018
Advertisement

Obasanjo asks Bayelsa youth to protect oil facilities

Obasanjo asks Bayelsa youth to protect oil facilities
February 18
00:10 2018
Advertisement

Former President Olusegun Obasanjo has challenged Bayelsa youth to steer clear of crime and ensure that oil and gas facilities are protected for the benefits of the people.

He said this while laying the foundation for Azikel Refinery at Obunagha community in Yenagoa local government area of Bayelsa.

Obasanjo commended Azikel group for translating the vision of operating a private refinery to a reality but regretted that none of the oil licences he granted during his tenure berthed any refinery.

“The resources of this country must be managed for the good of all, no matter the region or zone such investment is located. During my tenure, I gave 18 licenses but none was actualised; Nigerians should follow the good step to move the nation forward,” he said.

The refinery owned by Eruani Azibapu, president of Azikel Group, is among the 22 licences for private refineries issued by President Muhammadu Buhari in 2015.

“I have seen in Dr Eruani a genuine entrepreneur, a good ambassador of the nation, and I have the hope that the refinery project will go a long way in creating jobs not only for the people of Bayelsa but for all citizens,” he said.

“Azikel group has demonstrated the true entrepreneurial spirit inherent in Nigerians with its approach to investment.”

Azibapu said the refinery when completed will address incessant scarcity of refined petroleum products in Nigeria.

He added that the refinery is being developed in two distinct features; which are inside battery limited, consisting of crude distillation unit, Naphtha hydro-theatre, catalytic reformer, isomerisation, LPG/gas plant, kerosene/jet treater and many other.

“While the outside battery units will consist of 667,500 barrel of crude and refined product storage tank capacity of 32 units of various tank sizes. The project is to drive industrialisation of Niger Delta and create employment, wealth and financial freedom for citizens,” he said.

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2018 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement

Exchange Rates

NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
Advertisement
Advertisement