The Niger Delta Development Commission (NDDC) is to collaborate with the Oil and Gas Free Trade Zone Authority on the development of industrial parks in the Niger Delta region.
According to a statement, the Managing Director, NDDC, Samuel Ogbuku, said this during a courtesy visit by a delegation from OGFTZA, led by its Managing Director, Senator Tijani Kaura, at the commission’s headquarters in Port Harcourt.
Speaking on the objective of the partnership, Ogbuku noted that industrial parks occupied a strategic position in the sustainable development value chain.
He said, “Partnering to have an oil and gas Free Trade Zone Park will achieve a lot. It will reduce the cost of production in the industries and enterprises we intend to attract to the Niger Delta region. It will also promote entrepreneurship.
On his part, the Managing Director of the OGFTZA, Senator Kaura noted that both his organisation and the NDDC occupy strategic positions in driving sustainable development in the Niger Delta region, making it imperative for both agencies to work together.
“It is going to be a win-win situation for the NDDC and OGFTZA, as it will ensure wealth creation, engage the youths and reduce restiveness in the Niger Delta region,” he said.