Work Will Begin Soon On $1.5b Akwa Ibom Petrochemical Plant | Independent Newspapers Limited
Newsletter subscribe

Business, Slider

Work Will Begin Soon On $1.5b Akwa Ibom Petrochemical Plant

Posted: Jul 23, 2015 at 12:41 am   /   by   /   comments (0)

By Oladunjoye Phillip,  Lagos


Akwa Ibom State Governor, Udom Emmanuel, has assured the people of the state that work would soon begin on the $1.5 billion petrochemical plant located in Ibeno.

The Governor was optimistic when he told Journalists in the state that the plant, when completed would generate a lot of employment opportunities for the people of the State.

Udom Emmanuel

Udom Emmanuel

He also said that the government has put everything in place for the take-off of the plant, noting that the ground breaking was performed by ex-President Goodluck Jonathan last year.

“We have done the environmental impact assessment, the Certificate of Occupancy (C-of-O) has been issued and site has been cleared and ready for work to start.  Once the gas purchase agreement with ExxonMobil is finalized, work will commence immediately,” Gov. Emmanuel said.

The Governor also commended the initiative of the Chairman of Quantum Petrochemicals, Mr. Jim Ovia, for believing in the State.

“We want to use this opportunity to thank the Chairman of Quantum Petrochemicals Company Limited, Mr. Jim Ovia, for this huge investment in our State. This project will create employment for thousands of our people and will also add to our efforts to rapidly industrialize our State. Mr. Ovia is one unique Nigerian business mogul who believes in the endless possibilities of this great nation, the ‘can-do’ spirit that is embedded in our people. He is a man of impeccable character and his zeal for development is highly commendable.  The good people of Akwa Ibom State are very appreciative of his love and faith in our State and the blueprint for the industrialization of our State as encapsulated in my 5-Agenda Plan.”

Mr. Ovia also talked about the impact the plant would have on the state and on the country in general.

“Petrochemicals are vital to our everyday life – the plastic bottles that allow us to drink sanitary water, the clothes that we wear, the fertilizers that are used to grow crops, the tyres on our cars that brought us here today, the shovel that we will use to break the ground today; the pharmaceuticals we take every day to enjoy a healthy life, are all derivatives of the petrochemicals of some form,” Mr. Ovia stated.