Bayelsa to attract modular refineries’ investors

The Bayelsa State Government said it is ready to provide incentives to any investors that will be interested in investing in modular refineries in the state.

Speaking on the sideline of Offshore Technology Conference (OTC) 2017, Governor Seriake Dickson said his government will provide incentives and also become partners with investors ready to take advantage of Federal Government’s decision to promote investment in modular refineries in the Niger Delta region.

“We refer to Bayelsa as the capital of oil and gas in Nigeria because the story of oil and gas started in Bayelsa and we have the largest gas reserve in the country. Bayelsa is Nigeria’s best kept sceret. We are ready for business,” he said.

Reiterating the benefits of investing in the state, the governor said In the last five years of his administration, he has worked with all stakeholders following a clear headed policy of first instituting security and stability in communities and around the state.

“Even though historically, Bayelsa is the centre of gravity of all the issues and concerns of the Niger Delta, the great state of Bayelsa is one of the most peaceful, one of the most stable states and with all the investment we are making, Bayelsa is ready for business. And that is the story I am here to share.

“Here is the deal, we are creating an Eco-Industrial Park and we want business men who want a foothold in the Niger-Delta in the capital of oil and gas to come and set up shops and I will give you land, give allocations to you with relevant documentation within one month of indicating interest with all necessary certification.

“This is the icing on the cake, we have made lots of investment in power. The state is predominantly more gas than oil so we can produce what can power Nigeria and the entire Gulf of Guinea.

“We will supply power also. Power is the greatest impedment towards industrialisation in our country. Business bleed because of eratic power supply which inflate the cost across board. We want to stop that,” he said

He maintained that for those with great business ideals and who want to venture into the Niger Delta, precisely in Bayelsa Eco-Industrial Park, they don’t have to produce their own power as the state will supply 20MW of electricity to the park adding that the park will be ready within six months.