We Won’t Abandon Olokola Project – Akeredolu | The Precision

Kupolokun presenting the report of the Olokola Technical committee to Governor Akeredolu.

Governor of Ondo State, Oluwarotimi Akeredolu says his administration will not abandon the Olokola Free Trade Zone project.

Akeredolu gave the assurance in Akure while receiving the report
of the Technical Committee set up to reactivate the Olokola Free Trade
Zone as well the Owena Oil and Gas and Energy Project headed by Chief
Funsho Kupolokun.
He commended the committee for a job well done and expressed optimism
that the report will guide his government to ensure all untapped
deposits in the state are utilized to the maximum.


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“We have the Ororo OML 95. We have the OPL 241. These are what a number of us called ‘great assets’.
“We’re ready to work with anybody. We are ready to partner anybody
who’s interested. These assets, particularly, oil blocks are veritable
tools for economic development.
“The important thing is that we can’t allow it to just lie down there
and at the end of the day licenses are withdrawn,” the Governor said.
Earlier, chairman of the technical committee, Funsho Kupolokun
identified three major aspects which include Ororo OML 95, Oil
Protecting License (OPL) 241, and Olokola Free Trade Zone that relate to
oil and gas.
He said the committee met with various stakeholders and experts in this regard to assist their work.
He implored the governor to keenly look into the recommendations for the development of the state.

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