NCDMB, Edo Govt to partner on Enterprise Park

The Nigerian Content Development and Monitoring Board (NCDMB) would partner the Government of Edo State in the development of the Benin Enterprise Park (BEP).

The Executive Secretary NCDMB, Engr. Simbi Wabote made the commitment on Thursday when Governor of Edo State, Mr. Godwin Obaseki led a delegation to the Board’s Abuja liaison office.

The Edo Enterprise Park (BEP) is being sponsored by the Edo State Government and Amaya Capital – a principal Energy investment firm, as a private-sector led industrial park. BEP aims to provide efficient and competitive infrastructure to international and local companies. The project will be developed in phases over a 900 hectare location along the Benin-Sapele highway and would have a designated area for oil and gas service companies.

The project is expected to benefit from a dedicated gas pipeline with direct interconnection to natural gas trunk line and a direct gas sales agreement with reliable gas suppliers.

According to Obaseki the project would take advantage of “significant gas reserves within the state, being on the route of the core Escravos to Lagos gas trunk line with capacity of approximately two billion cubic feet of gas per day.”

In his response, the Executive Secretary commended the concept of the Edo Enterprise Park (BEP) and affirmed that the Board would partner the Edo State Government in the development. He confirmed that NCDMB made budgetary provision for the Edo Oil and Gas and Park in the 2018 budget, particularly for land acquisition.

He said the Board would also be willing to partner the Edo Government to catalyze other sectors of the economy provided there would be return on such investments. “There is a lot we can do in the gas corridor in Edo. We have to diversify from crude oil in order to change the thinking in the Niger Delta.”

 

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