Omololu Ogunmade
18 November 2008
Lagos — Capital Oil and Gas, a major stakeholder in the oil and gas industry in Nigeria, yesterday entered into a partnership agreement with the Government of Anambra State, with the promise to champion the Gateway Architecture and Street-lightening of the Niger Bridge-head up to Nnamdi Azikwe's Roundabout in Onitsha.
The project will gulp N100 million.
This agreement was reached in Lagos at a meeting between a team of Anambra State Government, led by Governor Peter Obi and the Chief Executive Officer of the Capital Oil, Chief Ifeanyi Patrick Ubah at the company's depot complex.
While conducting the governor round the company's facilities, the CEO said he was motivated to seek partnership with the Government of Anambra State because of the governor's commendable initiative and tireless efforts to develop the state.
According to him, it was only a person who does not have the interest of the state at heart that would not recognize the giant strides of the governor in the development of the state.
Some of the places visited include the company's ultra modern truck park, Capital Oil mega depot at Apapa, Capital Oil mega depots and project sites. Ubah said his decision to partner with the state was also in response to Obi's numerous appeals to Anambra's wealthy sons and corporate organizations to support his government under the auspices of Anambra Integrated Development Strategy (ANIDS). In the same vein, Ubah donated an 18-seater bus to the statev.
He added that his company was also willing to partner with the state government in its rehabilitation activities at schools in Nnewi North and South as well as the construction of mini depots in parts of the state to ease fuel problems, if given the land. The company also said it was willing to take over the construction of the state-owned airport on Built, Operate and Transfer (BOT) basis.
Responding, the governor said the visit to Capital Oil was part of the resolve of his government to look for the sons and daughters of Anambra State who engage in genuine and noble businesses with a view to presenting them as role models to the youth in the state.
He said he had to come to Lagos instead of inviting Capital Oil to Anambra, because it is the duty of the state's chief executive to look for investors wherever they are.
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