DONS ADVOCATE PPP FOR REVITALISATION OF OLOKOLA, TONGEJI ISLAND PROJECTS
Public-Private-Partnership (PPP) has been identified as a veritable policy that can be implemented to revitalise the Olokola Free Trade Zone and Tongeji Island projects in Ogun State, so as to harness the bitumen deposit and discover more oil potentials in the areas.
A retired University don, Prof. Owolabi Ajayi stated this in Abeokuta, at the State Ministry of Industry, Trade and Investment's Mining and Geology Week 2021, with the theme: ‘Developing Ogun State's Vast Mineral Resources: A Panacea for Sustainable Economic Growth’.
Prof. Ajayi who delivered a paper on ‘Revitalisation of Olokola Free Trade Zone and Tongeji Island Projects towards Securing the Future of Bitumen, Oil and Gas Development in the Gateway State’, said the implementation of the projects through the PPP policy was imperative due to the huge capital requirement in the sector, emphasising the need to revisit the two areas and conduct research.
He called on the State government to enter into a formidable synergy with the Ondo State Government to ensure the Olokola project was well harnessed, while also advocating the setting up of a State Committee on the two projects.
Speaking in the same vein, a lecturer at the Department of Geology, University of Lagos, Dr. Samson Bankole called on the government to partner with the academia and oil companies to develop a robust database for the mineral sector in the State.
Dr. Bankole said government should take action on developing phosphate deposit in Ososun, Ifo Local Government Area of the State, due to its advantage to industrial and economic growth.
In his contribution, the Special Adviser to the Governor on Industry, Trade and Investment, Chief Remi Ogunmefun stated that the present administration was focusing on developing the mining sector to diversify the economy, drive industrial growth and increase government revenue.
Post a Comment