FG releases N2b for take off of Maritime varsity, Okerekoko by October

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…Establishes Refineries Infrastructure Dev. Funds
By Chris Ochayi
AKURE – The Federal Government has rreleased N2 billion for the take off of the Maritime University, Okerekoko in Delta State.

Yemi Osinbajo

Vice President, Professor Yemi Osinbajo, who disclosed this Tuesday while declaring open the 2nd National Council on Niger Delta in Akure, the Ondo State capital said the university will take off by October this year.

Prof. Osinbajo who noted that academic activities would soon commence at the university, said, “We believe that as soon as it takes off, of course, academic activities and engagement and all of that will go on within the period.

The theme of the 2nd National Council on Niger Delta organised by the Ministry of Niger Delta Affairs is “Fast-tracking the development of the Niger Delta region: options and prospects.”

The Vice President, who reiterated the commitment of the present administration towards rapid development of the Niger Delta region declared that “For us development of the Niger Delta region is not optional.”

He said the issue of Ogoniland clean up is very much on course and that the government was working towards ensuring that right things were dome at the right time.

The Vice President further assured that the clean up exercise would not be limited to Ogoniland alone but all other polluted areas in the region.

Prof. Osinbajo said further that the present administration was ready to support the establishment of modular refineries in the region in order to create wealth and employment in the region and the country.

According to him, “One of our plans for the Niger Delta region is to support the establishment of privately owned modular refineries.

“Many of the licenses handed out by the previous administrations have since expired.

“The biggest challenge that these licenses have being facing has been funding.”

He noted that this administration was committed and now working towards establishment of Refineries Infrastructure Development Fund, RIDF, to support these investment.

He said, “Now, modular refineries project is supposed to be privately sector led, but with the collaboration of the Federal Government, State Governments, we have done a fair lot of work on these modular refineries.

“We have released guideline for the establishment of modular refineries. We have met with several interested parries from the various parts of Niger Delta region, with investors and some cases with the state governments.

“This is the project we are committed to, we want the state governments to also work with the Local Governments so that we can draw a kind of commercial viable plans that can can sustain the modular refineries when they take off.

“In addition, we are trying the young people who were previously involved in the artsinal refining in alternative means of refining including skills that would enable them participate in modular refineries.”

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