Nigerian Oil and Gas Manufacturing Base to be Finished 4Q 2022
Engr. Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has said that the Nigerian Oil and Gas Park will be completed in the fourth quarter of 2022, during an inspection of the construction work at the site in Bayelsa state.
The NCDMB head noted that the park will act as a low-cost production center: “The facility will stimulate the manufacturing of oil and gas components in the country, this move will reverse the current trend whereby the sector depended on importation for most of its finished products,” he said.
He also said that upon completion, the project would lead to a significant reduction in the importation of processed petroleum products, due to parts being available for the midstream and downstream sector.
“We did the groundbreaking ceremony in 2018 and we were practically inside the water; but today, we are seeing structures coming up. We still have a long way to go because most of the buildings are getting to the finishing stages while some are just starting. We believe that we will complete this project by Q4, 2022.”
“It will also enhance our capacity and bring about technological innovations because most of those manufacturing will be done here. For the community, it will create a lot of jobs and there will be a spin-off effect on other economic activities. The benefits are enormous.”
The Nigerian Oil and Gas Park project started officially in April 2018, and at the moment is about 68 percent complete. The NCDMB has also built a water treatment plant, sewage system and a 10MW gas plant to provide power supply to the companies around the park.