FG to set up $16b petrochemical plant at Koko FTZ
By Austin Ogwuda, Asaba THE setting up of Petrochemical plant and Gas processing facilities to be cited at the Koko Free Trade Zone FTZ, capable of generating 16 billion dollars investment is in the pipeline, says Delta State Commissioner for Transport, Mr. Benson Igbakpa. He disclosed this in Asaba yesterday when he took his turn at the ongoing Mid-Term report by members of the State Executive Council (Exco). According to him, “the Federal Government has appointed a team of consultants to commence preliminary site inspection of a petrochemical plant and gas processing facilities to be cited at the Koko FTZ. “It is envisaged to emerge as Africa’s largest industrial complex. They are currently working in conjunction with the Nigerian Port Authority, NPA and the State government to tackle the siltation and draught problem so as to get the required draught to allow large vessels across the Delta ports and the Koko FTZ. “The massive undertaking which is projected to generate up to $16 bi...