CSOs, Niger-Delta groups, BuhariYouth support groups under the auspices of Partners for Petroleum & Energy Sector Prosperity Initiative, P-PESPI an Energy group in Nigeria with a global network, have written to President Muhammadu Buhari on the Zabazaba Deepwater project urging him to sign the Final Investment Decision(FID) for the project as part of his goodwill for the trust and confidence Nigeria Youth have in him for voting enmass for his well deserved Victory at the February 23 Presidential Poll and Re-election for another 4 Year.
Sir,The Zabazaba Deepwater project being developed by the Nigerian Agip Oil Company has a proven reserve of 560 million barrels of oil as a stand-alone development in the eastern portion of the Niger Delta in water depths ranging from 1,200 to 2,400 metres.
In a letter addressed to His Excellency, Mr. PRESIDENT, Lord Charles Ibiang, Chairman of P-PESPI, on behalf of the coalition, said the region of Niger Delta and Nigeria, in general, would benefit from the signing of the FID for the project.
While Congratulating Mr. PRESIDENT for his Victory at the Poll and reelections for another wonderful 4 Years, we wish you the best and pledge our unflinching support and loyalty.
We also wish to commend You on the projects and programmes executed by your administration in the Niger Delta region particularly in the Oil&Gas sector through the Honourable Minister of State for Petroleum, Dr.Emmanuel Ibe Kachikwu. A great asset to your Administration.
They said the Zabazaba project would be a catalyst for development with the active participation of local companies in line with the local content policy of your administration.
The letter read in part: “Mr President, the immediate benefit of the signing of the FID includes the construction of the Floating Production Storage Offloading (FPSO) units and subsea installations and drilling rigs. This will set an enviable record in local content with local companies set to fabricate 50% of the FSPO in the country, which will be a major boost to the country’s economy and the local content initiative being promoted and prioritised by your government.
"The Zabazaba Deepwater project is capable of generating millions of jobs, and by 2020, when Agip intends to produce the first oil, it would generate $8billion for Nigeria. Overall, the effect of the Zabazaba Deepwater project on the Nigerian economy would be unprecedented and the multiplier effect on the local economies of the catchment areas in the Niger Delta will be huge.
"Mr President, with the amazing package the Zabazaba Deepwater project has for the people of the Niger Delta region and the Nigerian economy, signing the FID would put your administration in great light with your Young supporters, who believes in your promises of Job Creations and Economic Development with the Zabazaba Deepwater project counted as one of the major projects you have in the Niger Delta region.
P-PESPI also reiterate that it would demonstrate your administration major priority for job creation.
No comments:
Post a Comment