" ITREALMS: Bayelsa commends FG over brass oil & gas free zone status

Saturday, July 18, 2015

Bayelsa commends FG over brass oil & gas free zone status

The Bayelsa State Government has concluded plans to set up a collaborative committee with the management of the Oil and Gas free zone Authority of Nigeria to facilitate the taking off of the new Brass Island Oil and Gas Free Zone, reports ITRealms.

The Chief Press Secretary to the Governor of Bayelsa State, Mr. Daniel Iworiso-Markson, in a press statement available to ITRealms, quoted the State Governor, Hon. Seriake Dickson as giving this assurance during a courtesy visit by management team of the authority at Government House, Yenagoa.

He also appreciated the initiative of the Federal Government in designating the oil free zone for Brass Island.

Commending the location of the venture in Brass, Gov. Dickson disclosed that, his administration has been doing so much to provide jobs as well as a stable environment for business to thrive.

The Oil and Gas Free Zone, ITRealms gathered is a major project that will transform the economy of the State as well as make the State the Dubai of Africa, which the government has over the years been working very hard to achieve.

The focus of his government, Gov. Dickson said, is to expand the base of the State’s economy beyond oil and gas, through the formulation of policies to attract industrialists and promote industrialisation to create wealth, job opportunities and a stable environment.

“Our focus is to expand the base of our economy beyond oil and gas. We have formulated a lot of policies to enable us expand our economy to attract industrialists and promote industrialisation; to create wealth, jobs and a stable environment for business,” he said.

In addition, he said this is what Bayelsans have always wanted to hear from their government and commended the federal government for this laudable project.

Remarking, the Managing Director and Chief Executive Officer (MD/CEO) of the Oil and Gas Free Zone Authority of Nigeria, Mr. Victor Alabo, explained that, the authority is on a visit to intimate the State Government as well as present all the regulations and laws requesting the Governor’s permission to formalise Brass as an Oil and Gas Free Zone.

The federal government, he said, has gone ahead to do all the formalities, adding that, the Governor’s role include a formal approval for the acquisition of the land for the project.

The concept of free zone, he said, is to provide incentives for foreign direct investors to come in and do business in order to catalyse business activities and boost the economy of Bayelsa State and Nigeria.

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