A Review of the Nigerian Energy Industry

Hyundai to establish $7bn fabrication yard in Bayelsa

Samuel Oyadongha

Yenagoa – Communities on the Atlantic fringe in the Brass Local Government area in Bayelsa State have been urged to provide an atmosphere conducive for the establishment of a fabrication yard by Hyundai Heavy Industries of South Korea worth $7billion.

The fabrication yard when established is expected to generate employment for two thousand youths as well as impact positively on the host communities.

Bayelsa State Governor, Chief Timipre Sylva, made the appeal during a meeting with representatives of Okpoama and Odioma communities in the area in Yenagoa.

The governor explained that the meeting was convened to intimate the communities of the development adding that their support and cooperation towards the realization of the project was paramount.

Sylva, who noted that the project was a $7billion dollar investment, underscored the need for them to sustain the prevailing peace as government would not condone any disruption when the project commences.

According to Sylva, the project is expected to generate 2000 jobs and would not only be beneficial to the immediate communities but the state and the country at large.

The governor also noted that upon expansion, the project would become a ship building yard and create an avenue for sustainable jobs.

He therefore urged the communities to maintain their peaceful disposition as the state was in dire need of such investments to accelerate its socio-economic development.
Also speaking, the chairman of the Okpoama Council of Chiefs, Amade Obasi, expressed the willingness of the people to cooperate with the company to ensure the establishment of the project.

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