FG aims to generate 100,000 employment opportunities through the development of a 50,000MT NesGas depot

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On Tuesday, the Federal Government initiated the construction of a 50,000 metric tonnes Liquefied Petroleum Gas and propane depot, aiming to generate 100,000 jobs.

Developed by Nesgas, the facility at the Oil and Gas Free Trade Zone in Rivers State is set to address Nigeria’s energy demand, reduce environmental impact from traditional fossil fuels, create job opportunities, and contribute to overall economic growth.

Minister Ekperikpe Ekpo, overseeing the groundbreaking, emphasized the depot’s role in unlocking Nigeria’s vast gas potential for cleaner energy and economic diversification.

He affirmed the government’s commitment to fostering an environment supportive of the gas industry’s expansion.

Nesgas’s Managing Director, Tunde Banjo, highlighted the company’s mission to combat energy poverty in Africa through strategic investments.

The groundbreaking event at the 50,000MT LPG Onne depot marks a significant step toward a brighter and more sustainable energy future for the continent.

In addition, the occasion witnessed the formalization of partnership agreements between Nesgas and Gas360, Modern West Advisory, and Hebron Gas Infrastructure Limited, as outlined in the accompanying statement.

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