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    All Africa: Nigeria: Jonathan Relocates U.S.$500m FTZ Project to Bayelsa

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Summary

In a move that has angered many, outgoing Nigerian president Goodluck Jonathan has moved the massive Egina FPSO project from Lagos

by: Erica Mills

Posted in:

Press Notes, Africa

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All Africa: Nigeria: Jonathan Relocates U.S.$500m FTZ Project to Bayelsa

President Goodluck Jonathan has ordered the relocation of the LADOL Free Trade Zone (FTZ) project in Lagos to Agga in Balyesa State as his tenure nears end.

This, according to findings by our correspondents, will cause the Lagos State government to lose a $500 million investment in oil and gas as well as over 50,000 job opportunities the project would have created after its completion in 2019.

Read the full article HERE.

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