Africa Oil & Gas: Nigeria touts to $20 bilion spend

Posted on March 14, 2017March 14, 2017 by Mozambique Resources Post

MONEY — Nigeria is talking up its investment opportunities but the credibility gap is growing as grandiose schemes and aspirations seem unachievable in the timeframe set

In February 2017 Nigeria’s acting president Yemi Osinbajo, who has been running the country since Muhammadu Buhari was taken ill in mid-January, unveiled a plan to install a Gas Revolution Industrial Park (Grip) in Warri, Delta State, right in the heart of the Niger Delta region.

The $20bn park, he said, will act as a cluster for several industries in one location benefiting from an efficient, cost-competitive and abundant supply of natural gas, close to a deepwater port and centralised utilities and services.(source: Natural Gas World)