Warri, Delta – The Delta State Government has pledged to commit N20 billion to the UTM Offshore Limited Floating Liquefied Natural Gas (FLNG) project in Warri.
The N20 billion which is a loan that the government is seeking from a bank following approval by the state House of Assembly is an additional investment of 3% equity in the gas project.
Addressing journalists in Asaba, the state Commissioner for Information, Charles Aniagwu said the state stands to gain a lot from the investment.
Aniagwu said apart from yielding profit in the long run, the project would create employment for the people of the state as well as boost its internally generated revenue.
According to Aniagwu, the company was at peace in siting up the gas project in the state because the state government was investing in it.
Also reacting to concerns that the outgoing administration of Governor Ifeanyi Okowa was in the market again for N20 billion and another N100 billion, Aniagwu insisted that the N100 billion was not a fresh loan.
He declared that Delta is the most solvent state in Nigeria, noting that if the Federal Government was to pay what it is owing the state, the present administration would not leave any debt behind.
