Edo State Government, Nigerian National Petroleum Company Ltd (NNPC) and a leading energy conglomerate, Sahara Group, have joined forces to drive the construction of the 17km stretch Ikpako-Ajoki road in Edo State, to facilitate trade and development.
The project is the brainchild of the joint venture between the NNPC and Enageed Resource Ltd, a Sahara Group upstream company, in collaboration with the Edo State Government.
The project is scheduled to be completed between 18 and 24 months.
NNPC/Sahara JVs have been instrumental to the delivery of projects in health, education, environment and capacity building across the nation and Africa.
In 2017, the NNPC and Sahara Group unveiled two ultramodern Liquefied Petroleum Gas (LPG) vessels, Africa Gas and Sahara Gas, to bolster LPG security in Nigeria and Africa. Both vessels continue to enhance access to clean energy, with Sahara Group targeting further $1 billion investment in LPG infrastructure.
– Advertisement –
Speaking at the project’s launch, Governor Godwin Obaseki said the road would among others boost trade, agricultural activities and facilitate oil and gas operations for the benefit of the state and the nation.
NNPC Group Managing Director (GMD) Mele Kyari said: “What we are witnessing here today is an endorsement of collaboration as a viable means of promoting national development. The successes realised from working with Sahara on ventures reinforce the efforts of the Federal Government aimed at transforming the economy through credible and innovative partnerships. We commend the Edo State Government for playing a strategic role in this collaboration and we believe that the best is yet to come.”