Home Top Stories FG Plans $20bn Gas Industrial Park Through PPP

FG Plans $20bn Gas Industrial Park Through PPP


By Nse Anthony-Uko,
ABUJA, (Sundiata Post) – A plan to put in place a gas industrial park that is valued at about $20 billion through a Public-Private Partnership model is now in process.
Acting President, Professor Yemi Osinbajo who made this known, on Monday on his personal twitter handle @ProfOsinbajo, said the Gas Revolution Industrial Park, GRIP, Ogidigben, will be a regional hub for all gas-based industries.
According to him the project will cover 2700 hectares in an area that has already been designated as a Tax Free Zone by the Federal Government.
“Today, I met with the consortium of GSE&C of South Korea, the China Dev. Bank, Power China and global operators from Asia and the UAE. The park, originally conceived by NNPC, is located about 60km from Warri,” Professor Osinbajo tweeted.
The also revealed that the gas industrial park will be connected to over 18 trillion Cubic Feet of gas reserves in fields such as Odidi, Okan, Forcados, located within a 50km radius.
“The park will also be connected to Nigeria’s most dominant gas pipeline network-ELPS, which will enable supply of gas to and from the park.”

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