FG Performs Ceremony for Contruction of 50,000 Metric Tonnes for LPG, Propane Depot…see details

The Federal Government, has on Tuesday, perform a groundbreaking ceremony for the construction of a 50,000 metric tonnes Liquefied Petroleum Gas and propane depot and stated that the facility would create 100,000 jobs.

According to FG, the facility, which is being developed by Nesgas, would bridge Nigeria’s energy demand, mitigate the environmental impact associated with traditional fossil fuels, create employment opportunities and boost the overall growth of the economy.

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed this while performing the groundbreaking of the 50,000MT LPG and propane depot at the Oil and Gas Free Trade Zone, Onne, Rivers State.

Ekpo however in a statement from Nesgas, said the facility would further help in unlocking Nigeria’s abundant gas potential to support cleaner, more sustainable energy sources and diversify the economy.

Hear him, “The private sector’s dedication to investing in infrastructure that will facilitate the storage, delivery and consumption of clean energy is demonstrated by Nesgas’ development of this 50,000 metric tonnes LPG and propane depot.

“In addition to the immediate environmental advantages, the construction of this depot promises to boost the local economy and provide jobs across the country. Employment opportunities will be created along the entire value chain, from construction to operation, promoting skill development and economic inclusion.”

Ekpo assured investors in the gas sector that the Federal Government was “aggressively working to establish laws and regulations that will guarantee transparency, draw in more funding and provide an even playing field for all players in the market.”