Oyo Government signs MoU with Shell to boost economy, industrial growth | The Guardian Nigeria News – Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News


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MakindeAshamu stated this in a statement signed by Mr Taiwo Adisa, the Chief Press Secretary to Gov. Seyi Makinde, in Ibadan on Sunday.
According to Ashamu, the incumbent administration in the state is identified to improve the states economy and Internally Generated Revenue (IGR) in a record time.
Ashamu said the MoU became part of efforts to increase the financial capacities of the state through the availability of gas, including that individuals of the state would benefit more from the contract.
” The task is timely and it will help the industrialisation drive launched by the government.
” And this will help us to attract industries, help in commercial development and likewise protecting our state.
” An international business like Shell coming to Oyo State reveals the ease of operating, the investment potentials of the state, and the kind of administration that the governor is running.”
“As part of the accomplishments of Gov. Makindes administration, the SNG will assist the state government to establish its gas masterplan, which intended to cover the state and will be driven by demand, while the state will likewise benefit from a percentage of the earnings from gas sales.
“The SNG will bring Oyo State Government along in regards to employment and ability development, the project will develop employment for the citizenry, supply more ways of income and also increase IGR of the state as an outcome of industrialisation.” Ashamu was priced quote as saying in the declaration.
According to him, the arrangement involves the arrangement of a Gas Pipeline Infrastructure Project to be worked on a Build, Operate and Transfer basis for 15-years.
The News Agency of Nigeria (NAN) reports that the Oyo State Government and SNG had actually signed the MoU, on Sept. 30, to quick track extension of the businesss gas pipeline facilities in the state.
The agreement was sealed by Gov. Seyi Makinde and SNG representative Mr Ed Ubong.

This material was originally published here.


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