Niger Delta Development Bank underway
The Niger Delta region will soon have a development bank, that is, if the statement of the newly appointed Managing Director, Niger Delta Development Commission (NDDC), Nsima Ekere, is anything to go by.
Nsima said on Wednesday that the federal government is working towards the establishment of a Niger Delta Development Bank to speed up the development of the region
Addressing representatives of youth groups and ex-agitators from the Niger Delta reign at the headquarters of NDDC in Port Harcourt, he said the proposed bank would also assist people from the region, especially youths, to participate in the establishment of modular refineries in the region.
According to the NDDC boss, one of the programmes of the federal government is the establishment of modular refineries in the Niger Delta region to deter youths in the area from involvement in illegal refineries.
“Instead of doing the small illegal refineries, government wants to help us with the technology to do this bigger so that we will be involved in refining in such a way that the environment will not be destroyed,” he said
He noted that people in the region, especially youths, would have challenges getting enough capital to get involved in the modular refineries but added that the federal government has mandated his commission to work out the modalities with the Ministry of Petroleum Resources.
“We want to ensure that whether the youth have money or not, they can key into this. So, we are going to set up a Niger Delta Development Bank to drive the development of the region,” Nsima said.
