PROSPECTS FOR THE FUTURE

Posted by on 1/29/2003 1:47:55 PM
Post Comment PROSPECTS FOR THE FUTURE Nigeria

The abundance of natural resources in Delta State has great prospects for the industrial devel opment of the state in future. Apart from the immense investment opportunities offered in the upstream and downstream segments of the activi ties in the oil and gas industry as indicated earlier, it is hoped that the currently undertapped natural gas will be fully tapped in future by the establishment of the Liquefied Natural Gas Project (LNG), similar to the NLNG in Bonny, Rivers State. Presently, over 1,300 million cubic metres of natural gas is being flared daily in Delta State.

Other ancillary industry to gas that will develop in Delta State include fer tiliser manufacturing companies. It is also hoped that when the iron and steel industry becomes fully operational, the Delta Steel Company, Aladja, will influence development of link age industries, and that the after effect of the industrial development in the oil, gas and steel industries will enhance the financial base of the state government and make it possible for government to move positively to develop other arms of the economy, such as agriculture, education, health and trans portation.

 




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