The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has allayed fear of debt over the Egina Floating Production Storage Offloading (FPSO) project.He gave the assurance yesterday in Lagos during the tour of the project.
Kachikwu stated that the country would not run into debts as alleged, adding that the project is largely funded by third party investments.His explanation followed the fear raised in December 2017 by the Legislative Investigation of Local Content Elements and Cost Variations relating to Egina and other projects.
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