The Oyo state government and Shell Nigeria Gas (SNG) have signed an agreement worth over $100 million to build and operate a gas distribution
The Oyo state government and Shell Nigeria Gas have signed an agreement worth over $100 million to build and operate a gas distribution network.
“We were in London to sign the final investment agreement for the Oyo State Government-Shell Nigeria Gas Infrastructure Development and Distribution project,” Makinde said.“This gas project worth about $100 million, involves the construction of a Pressure Reduction and Metering Station and laying of pipelines by SNG on a Build-Own-Operate-Transfer basis. Ownership will be transferred to Oyo State after 20 years.
He also said it would contribute to increasing the state’s internally generated revenue and creating additional job opportunities.
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