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Nairaland Forum / Nairaland / General / Politics / Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana (774 Views)
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Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by victorDanladi: 6:49am On Jun 06, 2017 |
Govt generates N611 bn from Onne Free Zone in six years – Umana ON June 6, 2017 6:19 AM / IN Sweet Crude / BY Okogba / Comments The Federal Government of Nigeria realised $2 billion (N611 billion) as revenue from the operation of the Onne Oil and Gas Free Zone through the Nigerian Ports Authority (NPA) within the last six years. The Managing Director of Oil and Gas Free Zones Authority (OGFZA), Mr. Umana Okon Umana, disclosed this at the first session of the Nigeria Business Roundtable held in Lagos at the weekend. The Onne Oil and Gas Free Zone was developed by INTELS Nigeria Limited to attract Foreign Direct Investment, create employment as well as enhance Nigeria’s technological and industrial advancement. The Zone, which hosts the operation of more than 170 companies, is one of the fastest growing in the world. Umana said one of the keys to attaining greater productivity and growth in the Nigerian economy is making use of the potentials of a free trade zone which offers an increase in investment, job creation and exports. He said free trade zones also provide companies with streamlined regulations, reduced tax obligations and state-of-the-art infrastructure. He said the Federal Government is also introducing further reforms into the operation of free trade zones in the country, culminating in the reduction of license renewal duration from 14 days to 48 hours for investors that meet all requirements in line with the ease of doing business policy of the Federal Government. “Statistics show that there are 3 million companies arising from over 5,000 free trade zones around the world which accounts for over 45 million jobs, all showing efficacy of having an effective free trade zone in a global perspective. FTZ in developing countries can drive growth in different sectors not only in oil and gas, attract increased foreign investment inflow, create employment, transfer skills and technology,” the OGFZA boss added. Speaking recently at the Rivers Golden Jubilee Award in Port Harcourt, Rivers State, General Manager, Legal Services of INTELS Nigeria Limited, Amaopusenibo (Barrister) Mike Epelle, said the company remains fully committed to maximizing, in a sustainable manner, the use of Nigerian human resources, materials, equipment and services in its operations without compromising the company’s values, quality, health, safety and environmental standards. “INTELS has been a trusted partner to major Oil and Gas producing companies in Nigeria and a monumental logistic partner to the Nigerian Ports Authority (NPA) in the development of ports infrastructure and service in Nigeria. “In over 30 years, we have added substantial value to the Nigerian Oil and Gas service industry and the operators have found our services strategic to their operations. “In the maritime sector, INTELS’ operation as a port infrastructure developer and maritime service provider reinvigorated and brought the needed momentum and life to Nigerian ports and the maritime industry with improved capacity to serve the nation. “These efforts by INTELS have in turn boosted earnings and contributions by these sectors to the Nigerian economy while generating the much-needed employment for Nigerians. “To achieve our vision of providing an integrated, efficient, reliable and cost effective logistics solution to the Oil and Gas industry in Nigeria, we introduced an innovative “one-stop-shop oil service centre concept” designed to meet the growing specialized needs of oil producing companies in one location to provide an integrated, efficient, reliable and cost effective logistics solution to operators in the oil and gas industry in Nigeria. “This innovative concept has enhanced service delivery and turnaround time for Oil and Gas industry projects and thus endeared INTELS to its partners,” Amaopusenibo Epelle said on the sidelines of the award ceremony. In 2006, INTELS was awarded concession by the Federal Government to operate Terminal A (Federal Ocean Terminal) and Terminal B (Federal Lighter Terminal) of the Onne Port Complex, which houses the Onne Oil and Gas Free Zone. It also operates terminals in Warri, Calabar and Apapa ports. INTELS has received several local and international awards and commendation. www.vanguardngr.com/2017/06/govt-generates-n611-bn-onne-free-zone-six-years-umana/
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Re: Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by victorDanladi: 6:52am On Jun 06, 2017 |
I thought the IPOB believes Lagos port is the only viable port in the country and that the FG internationally underdeveloped Southeast by making it so. sorry,Onne port is in Ondo. 2 Likes 2 Shares |
Re: Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by Bolustical: 7:04am On Jun 06, 2017 |
victorDanladi:To those chestbeaters who claim Lagos IGR is due to the existence of seaports, I hope you can see that it is the FG that collects import duties and not the state governments. If port revenue were to the states governments, Cross River's IGR in the past six years would have dwarfed the likes of Ogun, Rivers, Delta combine. Lagos and Ogun IGR results are due to INGENUITY and CREATIVITY and not CHESTBEATING, HATRED & DRUG TRAFFICKING. |
Re: Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by seunmsg(m): 7:08am On Jun 06, 2017 |
In 2006, INTELS was awarded concession by the And our ipob friends will want us to believe that there is no functional port outside of Lagos. 3 Likes 1 Share |
Re: Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by agabusta: 7:29am On Jun 06, 2017 |
seunmsg: This erroneous assertion has been so drummed into the cyberspace that people are almost taking it for the truth. Any small thing, you see them demanding for other ports to be made viable, as if that can happen by fiat. GEJ was around for 5 yrs and he was not harassed about the viability of those ports like this. Same with Obasanjo, a southerner who was in the saddle for 8 yrs and who was never friendly to Lagos during his time and as such did not offer any undue advantage to Lagos. We need to address issues with open minds if we are to proffer a solution. Instead of engaging in deep thinking and engaging experts, digging into history, studying what is been done successfully elsewhere in the world to make ports viable and lucrative, it is easier for lazy minds to just point to conspiracy as the course of the problem and free themselves of any brainstorming. Chai, when will the black man develop intellectual means of solving problems. Pls who will help us sing this song, that a lot of issues are related to the viability of a port including even geographical circumstances. 2 Likes |
Re: Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by matterarising: 9:09am On Jun 06, 2017 |
I have personally been involved in argument with brodas from anoda mods about these Ports even during our cousin's +5yrs reign. I really do wonder how ppl cook up stories that breed hate and war. sometimes I asked weda its the northern elite and ruling class that chase my brodas away from our land of the rising sun to go and build castles in oda regions. This same ppl will call the south south all names to corner their properties, make noise to deride u etc. They are seeking south south collabo only because they realized they have the muscle to stand. Too pathetic 3 Likes |
Re: Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by Amberon11: 10:07am On Jun 06, 2017 |
The Onne port is rarely ever used for non-oil shipments and is only used for oil and gas related shipments. So they are right. Get your facts right. seunmsg: |
Re: Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by victorDanladi: 2:41pm On Jun 06, 2017 |
Amberon11:Then whose fault is that? |
Re: Govt Generates N611 Bn From Onne Free Zone In Six Years – Umana by agabusta: 7:32am On Jun 07, 2017 |
Amberon11: Did anybody stop you from shipping your goods through the port? |
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