Business News of Sunday, 5 January 2025
Source: www.mynigeria.com
President Bola Tinubu has assured that his administration will develop the Anambra Basin and complete the Eastern Rail line connecting Port Harcourt to Maiduguri.
The president made this known while visiting Enugu State on Saturday, during an interactive session with South East leaders, as part of the activities during his official visit to Enugu State on Saturday.
He continued that his administration would support the development of the Anambra Basin, with a significant energy reserve.
The basin is estimated to hold up to 1 billion barrels of oil and 30 billion cubic feet of gas.
During the meeting, the President was attentive to the requests made by former Minister of Power Chinedu Nebo and Enugu State indigene Chris Ugoh and responded with a commitment to address their concerns.
Tinubu, while responding to the request for the rail line, President Tinubu reassured the audience, saying, “It is a work in progress. I inherited some of these critical problems and am committed to solving them.”
“On the support of the gas infrastructure. Sure, gas is an alternative to petrol. There is no wasting of time than to invest more in it. We will do it together, and I am lucky I have good governors,” he said.
Acknowledging the presence of various dignitaries, including governors, traditional rulers, captains of industry and serving and former presiding officers of the National assembly from the South East, President Tinubu praised former Senate President Ken Nnamani for saving Nigeria’s democracy from those who wanted to derail it with the Third Term project.