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Home » President Jonathan Commends Investors Confidence At The Onne Oil And Gas (FTZ)

President Jonathan Commends Investors Confidence At The Onne Oil And Gas (FTZ)

by Joshua
September 26, 2012
in Uncategorized

President Goodluck Jonathan has expressed confidence in the ingenuity and capability of investors at the Oil and Gas Free Trade Zone in Onne Port Complex Onne, Rivers State.
 Speaking last weekend through the Governor of Rivers State; Chibuike Rotimi Amaechi, President Jonathan said that there was urgent need to make more investors to be aware of the investment opportunities that are available in the oil and gas zone.

President Goodluck Jonathan has expressed confidence in the ingenuity and capability of investors at the Oil and Gas Free Trade Zone in Onne Port Complex Onne, Rivers State.
 Speaking last weekend through the Governor of Rivers State; Chibuike Rotimi Amaechi, President Jonathan said that there was urgent need to make more investors to be aware of the investment opportunities that are available in the oil and gas zone.
The President also commended the organizers of the programme which had it theme as “Harnessing investment opportunities in the Oil and Gas Sectors. The Role of the Oil and Gas Free Trade Zone in the Transformation Agenda”, saying the theme was in line with his administration’s vision of making Nigeria to be one of the 20 nations with the best economy by year 2020.
Also speaking, the minister of transport, Senator Idris Umar affirmed that as far back as the 1990s, Nigerian Ports Authority realized the need to improve the Onne Port to accommodate the Federal Ocean Terminal (FOT) and Federal Lighter Terminal (FLT) which have now become the nucleus of oil and gas business in Africa.
Earlier in his welcome address, the minister for trade and investment;  Mr Olusegun Aganga had described the Onne Oil and Gas Free Trade Zone as the number one investment destination in Africa and 25th globally, adding that the value of investment currently at the zone is US$6billion , with over 150 investors operating within the zone.
Mr. Aganga asserted that all over the world, trade zones are catalyst for industrial development, while it is also good for Foreign Direct Investment, stressing that at the zone, “every job creates two additional jobs”.
The minister commended the strides of the managements of Onne FTZ, NPA and all other stakeholders who have contributed to the success of the Zone.


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