The special adviser to the President on trade and investment, Hon. John Ugochukwu Uwajumogu, has described the Oil and Gas Free Zone in Onne Rivers State as an investment destination, while urging stakeholders operating in the corridor to take advantage of the enormous potential investment opportunities available at the free zone to improve the economic potential of the country.
Hon. Uwajumogu stated this while speaking at a stakeholder’s interactive meeting at the Onne Oil & Gas Free Zone Authority.
The special adviser urged investors and those doing business around the Oil & Gas Free Zone Authority to take advantage of the over $15 billion investment opportunities available, especially with the concentration of massive presence of industries like the refinery, Indorama and Notore which he said are potential destination for investments.
He however commended the Federal Government for appointing Hon. Tijani Yahaya Kaura as managing director of the Oil & Gas Free Zone Authority, describing him as the right man for the job. He however assured that the President Bola Tinubu administration will accord enormous attention to the development of investment opportunities in Nigeria.
Managing Director of the OGFZA, Hon. Tijani Yahaya Kaura, commended President Ahmed Tinubu for appointing a seasoned technocrat as his special adviser on Trade and Investment and described the visit as a rare opportunity for the Oil & Gas Free Zone Authority and other organizations and investors doing business in the area to interact with them as well as enumerate some of their challenges and needs.
In his remarks, the assistant general manager of Oil & Gas Free Zone Authority Mr. Morgan Mmahi, revealed that the Oil & Gas Free Zone Authority Onne was established through an act of the Federation in 1996 and has since established seven other free zones, including Warri in 2011, Lagos in 2015 and Brass in 2018, others are Notore in 2018 and Liberty Free Zone in Akwa Ibom State in 2020 in order to drive the enormous investment potential in the country.
The visit which afforded the managing director the opportunity to conduct the special adviser and his team round the key areas of operations and facilities at the Oil & Gas Free Zone Authority, also attracted the presence of other stakeholders and investors, including the Nigeria Custom Service, Nigeria Ports Authority and other multi-national Oil & Gas companies doing business in the free zone.
