Gov Otti to build innovation park and modular refinery in Abia

PLACE YOUR ADVERT HERE

The governor of Abia State, Dr. Alex Otti, has announced plans to build innovation park and a modular refinery in the state, to accelerate economic development.

Okey Kanu, the information commissioner who spoke during a news conference on the outcome of the State Executive Council at the Government House, Umuahia said the plan were underway to build the park and refinery.

Kanu said: “A lot of investors are showing strong interest to partner government to establish the innovation park. The park will house an incubation centre. Those involved in manufacturing, logistics, power, modular refinery will form part of this park.”

Also, governor Alex Otti said Abia will have independent power supply in few weeks.

Dr. Alex disclosed this via his official Twitter page on Tuesday, when the Chairman of Geometric Power Limited, Prof Bartholomew Nnaji, a former Minister of Power and his team paid him a courtesy visit.

Govt Otti said: “Right now, we are buying power from the National Grid, that is why power is not reliable yet, and so, we would like to ask our citizens of Aba to bear with us that we are getting there. We are there.

“The turbines to power the electricity plant, which were taken abroad for maintenance, have been brought back to the plant and reinstalled. We are now working with the NNPC to resolve the gas supply issue to the plant”.

PLACE YOUR ADVERT HERE
Queen Ferry
Queen Ferry
Chinyere Treasure Ikechukwu also known as Queen Ferry, is a Nigerian business Executive, social media savvy Journalist and Content Editor with over seven years experience. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not researching/blogging, she will be making delicious delicacy.

Popular Related

PH refinery: Marketers eye fuel price reduction, ready to load

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) have projected a marginal decreased in the...

Tinubu hailed for Ikorodu-Epe road rehabilitation

Following the swift intervention of the Federal Government into the rehabilitation of the Ikorodu-Imota-Itoikin-Epe road, Lagos based businessman, Dr. Oladega Adebogun has expressed appreciation...

New electricity tariff may drop if naira rebounds further – Adelabu

Adebayo Adelabu, the Minister of Power, said if the exchange rate falls below N1,000 to a dollar, the N225 Kilowatt-Hour being paid by electricity...

Govt palliative worsening food inflation, says Cardoso

Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has said that the high cost of foodstuff is caused by the government as...

Axxela raises N16bn for gas pipeline projects

Axxela Limited, a leading sub-Saharan African gas and power company, has successfully completed its N15 billion Series 1 Bond Issuance. Bolaji Osunsanya, the Axxela’s Chief...

Sanwo-Olu advocates public sector collaboration

In an act to foster development in the country, Babajide Sanwo-Olu, the Lagos State Governor, has urged for synergy in the public sector for...

Fluctuating exchange rate affecting container traffic – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has asked the government to ensure stability in the exchange rates as the fluctuating nature,...

NDIC raises deposit insurance coverage by 900%

The Nigeria Deposit Insurance Corporation (NDIC) has increased maximum deposit insurance coverage of Deposit Money Banks (DMBs) and Mobile Money Operators (MMOs) by 900...

FG directs banks to deduct stamp duty charges on mortgages

Following the economical crisis and level of hardship in the country, the Federal Government has urged Deposit Money Banks to start the decrease of...

Govt planning low-interest credit facilities for PWD – NCPWD

James Lalu, the Executive Secretary of the National Commission for Persons With Disabilities, revealed that it has collaborate with the Bank of Industry to...