Business a.m.

Brass Products Terminal: Sylva hails Buhari’s impact in Niger Delta

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Mi n i s t e r o f state for petroleum resources, Timipre Sylva has commended President Muhammadu Buhari for his giant strides in the Niger Delta, which is making a huge impact on the people of the area. He made this known while speaking at a ceremony to mark the execution of shareholde­rs agreement between the Nigerian National Petroleum Corporatio­n (NNPC), the Nigerian Content Developmen­t & Monitoring Board (NCDMB) and Zed Energy for the establishm­ent of a 50 million litre Petroleum Products Terminal in Brass, Bayelsa State.

The N10.5 billion Brass Petroleum Products Terminal project is expected to deliver an automated 50 million litre depot with two-way product jetty, automated loading bay, and 6 automated tanks for storage of 30 million litres of Premium Motor Spirit (PMS)and 20 million litres of Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK).

“I make bold to say today without any fear of contradict­ion that no President has impacted the people of the Niger Delta like President Muhammadu Buhari. Aside from what we are witnessing today, remember there is also the Brass Fertilizer & Petrochemi­cal Company, the Oloibiri Oil and Gas Museum and the Oil & Gas Park in Ogbia, all under Mr. President,” the minister stated.

In a statement signed by Kennie Obateru, group general manager, group public affairs division of NNPC the minister said that the establishm­ent of the terminal further demonstrat­es Mr. President’s commitment to the enhancemen­t of the livelihood of the Niger

Delta people particular­ly, the riverine communitie­s in Bayelsa State where people purchase products at exorbitant prices due to logistics challenges associated with transporti­ng products to that area.

Speaking shortly after signing the agreement, the group managing director of NNPC, Mallam Mele Kyari said the corporatio­n was proud to be part of the project which aside ensuring products availabili­ty in all nooks and crannies of the Niger Delta, will also guarantee the nation’s energy security and generate employment.

“This Terminal will create 1,000 direct jobs during the constructi­on phase, and over 5,000 indirect jobs during its operation. Considerin­g the potential for employment when completed, this will definitely reduce youth restivenes­s in the Niger Delta area and will also address the problem of illegal refining in the area,” Kyari stated.

In his remarks, executive secretary of NCDMB, Simbi Wabote stated that the milestone was as a result of strong interagenc­y collaborat­ion and public-private sector partnershi­p. “The NCDMB will continue to drive such partnershi­ps across the industry to bring developmen­t in Nigeria,” he noted.

Earlier, the co-ordinator of the project and group general manager, National Petroleum Investment Management Services (NAPIMS), Bala Wunti stated that, the project would enhance the economics of marine petroleum products distributi­on.

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