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The Managing Director of Oil and Gas Free Zones Authority(OGFZA), Sen.Tijjani Yahaya Kaura, has described the two decades of the existence of his Authority,OGFZA, as a great success.
He made this declaration recently during a media Parley with journalists in Abuja.
“OGFZA has gained 27 years of experience in regulating the Petroleum sector Special Economic Zones and has within this span of time achieved monumental successes” Sen Kaura said.
According to him,between 2021 and 2025 OGFZA attracted a total investment commitment of $15.97b from new and existing investors in five of the Oil and Gas Free Zones. They include:
- Brass Oil and Gas Free Zone: Proposed investment- $3b
- Notore Oil and Gas Free zone: Proposed Investment-$5.35b
- Liberty Oil and Gas free zone: Proposed Investment-$6.4b
- Bestaf Maritime and Industrial OGFZ: Proposed Investment-$485m
- OGFZ-SBA Free zone: Proposed investment-$738m
- The total commitments amount to $15.97b
The Managing Director also disclosed that the Oil and Gas Free Zones Authority have recorded real achievements in quantitative terms which have contributed significantly to the nation’s GDP in the last two decades especially in three key indices namely:
- Foreign direct investments (FDI) of $21.6b (2001-2021)
- Technical Skills transferred to Nigerians – 35,330 (2001-2021)
- Number of Nigerians who have secured various levels of direct employment – 41,085 persons and 164,000 indirect employments within the same period.
For the outstanding performance of Oil and Gas Free Zones Authority,many national and international awards have been won including PEBEC awards
Sen.Kaura however urged Federal Government to expeditiously address the issue of infrastructure deficit confronting many of the Free Zones to enable them operate optimally.
