Governor Oluwarotimi Akeredolu of Ondo State is set to create 300 jobs as he commission’s the N5.5bn first private inland LPG storage terminal in the country.
He disclosed this during the groundbreaking ceremony of the facility in Ore Industrial Hub of the state.
According to the governor, when the first phase is completed within the last quarter of 2021, over 2,000 metric tonnes of Liquefied Petroleum Gas will be produced.
Akeredolu, who expressed delight at the development, described the industrial hub as important for connection to the South West, South East and South South regions of the country, as well as an important gateway to the north.
He said his administration had revamped its strategy towards making the state a destination of choice for investors through the creation of enabling environment for industrial and infrastructural development, collaborating with credible investors.
“This effort culminated in the development of Ore Industrial Park, in partnership with Hessmac Industry Limited and other private industrial parks like Linyi Industrial Hub and the upcoming Minco Allied Industry Limited’s Modern Industrial Park.
“Within Linyi Industrial Hub, several companies have been established and they are operational. Today, Alles Charis LPG Facility (2,000mt inland terminal), the first private inland LPG terminal in Nigeria,” the governor declared.
While calling on all other genuine investors to come over to do business in the state, the governor enthused that the three industrial hubs established by his administration would turn around the state’s economy.
“This administration between 2017 and now brought in Linyi Industrial Hub with over seven companies that are operational and three new ones in view; the upcoming Minco Allied industry Limited’s Modern Industrial Park is undergoing construction now, and our collaboration with Hessmac Industries Limited on Ore Industrial Park attracting several companies, most importantly Alles Charis Gas Limited’s 2,000mt inland terminal project, which is being flagged today,” the governor stated.
On the Red Gold Project, designed to revolutionise the oil palm sector, the governor said the dwindling economy of the country predicated upon the monolithic nature of its earnings made diversification inevitable.
“Dwindling and erratic market of crude oil globally has made it imperative for Nigeria as a nation to diversify its revenue sources. We have relied, for too long, on fossil fuel revenue. Diversification of the economy is imperative for any hope of a future for our country,” he said.
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