The Federal Government has pledged to continue supporting investors in Nigeria’s largest oil and gas free zone, the Liberty Oil and Gas Free Zone (LOGFZ) located in Akwa Ibom State.
The Liberty Oil and Gas Free Zone, which crosses six local government areas in Akwa Ibom State, is also the largest in West Africa with a landmass of around 50,000 hectares.
It has already registered the granting of licenses to 11 sub-free zone companies, among them the free zone of gas and petrochemical products SPFL operating in the zone.
The Director General of the Oil and Gas Free Zone Authority (OGFZA), Senator Tijjani Yahaha Kaura revealed this as
speaking at the inaugural tour of the free zone facilities, including the proposed OGFZA administrative office.
Kaura said, “As you know, the free zone is established by the government of the country to provide incentives and support in all ramifications.
“So rest assured that you will get our full support within the Authority and beyond. We have the ability to secure that support for you at the highest level of government.
He expressed his gratitude for having reached the level of the preliminary works achieved so far by the investors in terms of construction of access roads to the area and the canal from the jetty to the seaport, as well as other structures under construction in the free zone.
The OGFZA boss commended the investors for viewing Nigeria as a huge investment destination and assured them of his support in addition to the investment support and incentives the Authority has provided to encourage them.
Earlier in his presentation, LOGFZ Chief Nittin Shah said that SPFL, as a developer, focuses on downstream gas projects such as liquefied petroleum gas (LPG), liquefied natural gas petrochemicals ( LNG) and transport by port jetty.
Shah said that when completed, the SPFL FTZ will generate over 25,000 jobs for Nigerians, attract over $19 billion in foreign direct investment (FDI) into the country and fully position Nigeria as an exporter. net of gas and other petrochemicals.