FG Targets 1,500 New Jobs in the Oil and Gas Sector

The federal government through the Nigerian Content Development and Monitoring Board (NCDMB) is planing on creating additional 1,500 jobs for Nigerians.

NCDMB officially signed equity investment agreements with two companies-Duport Midstream Company for the establishment of an Energy Park in Egbokor, Edo State, and Eraskon Nigeria Limited, for lubricating oil blending plant in Gbarain, Bayelsa State.

The Board in a statement noted that the investments will catalyze industrialization, with the two partnerships expected to generate about 1,500 direct, indirect, and induced employment opportunities, in addition to several other spin-off economic activities that will be developed where these projects are located.

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Dr. Akintoye Akindele said that the Energy Park targets to create over 1000 jobs and impact 10,000 families, and indicated that the modular refinery would produce a combination of Naphtha, diesel, kerosine and HFO, otherwise known as residual fuel oil.

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He pledged the company’s commitment to exceed expectations and help increase government’s revenue, reduce dependence on imported petroleum products

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