Akwa Ibom, NNPC, Solutions Hub sign MoU on marine logistics base

Akwa Ibom State has sealed a deal with the Nigerian National Petroleum Company Limited (NNPC) and Solutions Hub Limited for the establishment of an onshore logistics base for marine construction support in the state.

The base, proposed to be sited on a 40-square kilometres space in Ibaka, Mbo Council, within the designated free trade zone in the state, is modeled to be an alternative to existing logistics bases in Nigeria to offer offshore construction support to West & Central African regions.

The state Governor, Udom Emmanuel, speaking during the signing of the MoU, promised optimum support of the state government and all stakeholders from the state to ensure completion of the project.

He congratulated NNPC on its new status as a Public Limited Liability Company and expressed optimism that the new management will deploy the right business orientation into the company for timely delivery of desired returns.

On the natural resources in the state, the governor informed the NNPC delegation of the need to utilise the resources to address Nigeria’s need in the power and agriculture sectors, especially in the face of impending food crisis.

He, therefore, sued for the acceleration of processes by the NNPC, to bring gas onshore and also actualise the Amonia Fertiliser Plant in the state.

“I’m happy that at a time like this, NNPC now being a limited liability company, things will be different.

“The business approach, the speed in execution will be different because the focus is different, then people, who are on the board, with the right corporate governance and risk management structure, will be able to deliver on the much-expected returns”, he stated.

On the Ibom Solutions Hub, he said, “Nobody will disturb this project. Hindrance will not come from the state, the host community or any part of Akwa Ibom at all.”

EARLIER, the Chairman, Board of Directors, NNPC Limited, Senator Margery Okadigbo, said the company’s commitment to the pact with Ibom Solution Hub and other partners signals a new phase of tapping into the potentials and opportunities in the oil and gas sector.

Okadigbo expressed appreciation to President Muhammadu Buhari for his approval and to the government and people of Akwa Ibom State for their invaluable support and hospitality, without which the project would not have commenced.

She noted that investment at the Ibom Solutions Hub will add socio-economic value to the host communities and the state at large.