Bayelsa Govt. Appeals To Investors To Build Modular Refinery

NNPC To Revamp Warri, Kaduna Refineries With $8.7b Investment

The Bayelsa Government has appealed to investors to partner with it to establish a modular refinery to fast track the socio-economic development of the state.

The Technical Adviser to the Governor on Investment, Dr Jonathan Obuebite, announced the plan in Yenagoa during the Bayelsa Economic Roundtable on Friday convened by the Coordinator, Bayelsa Think Tank Group, Mr Ebiekure Eradiri.

Obuebite also said plans were underway to revitalise the Bayelsa State Gas Turbine to ensure stable power supply in the state, adding that power remains pivotal to economic growth..

“Economy is all about investment, and investment is the driver of the economy. For us as a government, we are looking at the oil and gas sector and we are appealing to investors to come.

“For any economy to grow, you need power. For agriculture to succeed you also need power. The state has the Bayelsa State Gas Turbine. As I speak, the government is in talks with different groups.

“We want them to come and take over that gas turbine, make it viable, sell power to the state government and Bayelsa people.

“It is our property, it is our investment but let us also be customers to our own investment as offtakers.

“Secondly, we are talking about building our refinery. You know they talk about modular refineries and the rest.

“Bayelsa has all it takes, so we are trying to encourage the investors to partner the state government to build a refinery.


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