Managing Director of Allegiance CNG, Oye Afolabi has said his company will be selling gas for the people of Osun at a reduced price of about N400 per kilogram.
Afolabi said this on Wednesday when he met with Governor of the State, Ademola Adeleke at the State secretariat in Osogbo.
The Managing Director and his team were in Osogbo to discuss their proposed gas project to the tune of $20m, which Osun State is to benefit from, a statement by Olawale Rasheed, Spokesperson to the Governor revealed.
Mr. Afolabi who said his firm is among those engaged by the federal government for the adoption of CCG in transportation in the wake of fuel subsidy removal, said it is willing to invest in power generation for Osun state to power the industrialisation objective of Governor Adeleke beginning with the powering of State Secretariat and Government House 24/7 at no cost.
“We are here Your Excellency with a basket of projects and services. We propose mutually beneficial public private partnership. The Osun government will only provide land while Allegiance CNG will provide technical expertise, construction capabilities and private investment.
“Our principal financial partner is the African Development Bank. We have the funding already”, he assured.
Rasheed revealed that Afolabi promised “a major reduction in gas kg cost from current one thousand, four hundred naira to about four hundred naira, the managing director said the proposed investment covers several gas value chains to expand Osun economy and reduce energy poverty.”
Responding, Governor Adeleke assured the company chiefs that Osun is implementing a fast tracked ease of doing business plan with a target on attracting investment into the state.
“These submissions here today are really massive. Osun is changing for the better. On a daily basis, various firms across the sector are reaching out to us with actionable proposals. I am glad that these two firms are really here to hit the ground running.
“We have the land. We have the enabling environment. Osun is already a huge construction site. You are welcome to the site.
“To the good people of Osun, more are coming. As I’m talking to you, more investors are knocking at our doors. We will not relent in the ongoing drive to expand Osun economy and ensure better life for our people”, the Governor concluded.
Adeleke also held a meeting with management of First Tricon Construction Services.
