OGFZA rolls out ambitious expansion plans under the newly appointed MD
NIGERIA, Oct. 19 – The newly appointed Managing Director of Oil and Gas Free Zones Authority (OGFZA), Mr Bamanga Usman, has rolled out fantastic plans for the expansion of the agency, inline with the economic growth agenda of President Tinubu.
The new MD made this known on Wednesday when he took over from the his predecessor Sen. Tijjani Kaura, in Abuja.
Usman stated that his vision include establishment of OGFZA offices in every state of the federation regardless of their production status in the oil and gas sector.
He said that the expansion initiative is targeted at providing new investment opportunities and addressing the saturation of existing zones.
The new MD said under his watch OGFZA, which is a key player in the oil and gas sector with focus on international clientele would introduce offshore banking services.
He noted that facilitating seamless international financial transactions and solidify OGFZA’s position as a global industry leader is of great importance to his administration.
“Having served as the sole OGFZA’s in West Africa and the Gulf of Guinea for over two decades, OGFZA is preparing for a transformative rebranding.
” This rebranding is strategic in nature, focusing on engaging multinational stakeholders and reflecting the authority’s global ambitions, ” Usman said.
He said that as part of the transformation, foreign investment offices would be established to enhance accessibility for potential investors and improve coordination.
According to him, the key dimensions of OGFZA’s strategic approach include efficiency and trust
He said he would elevate infrastructure to international standards and address challenges including deteriorating roads and inconsistent power supply.
He also said that his leadership would update the regulatory framework to align with industry needs and global best practices.
Usman said his leadership would focus on technology transfer, skills acquisition, and supporting local businesses in line with the Nigerian Content Act.
He said he would create an investor-friendly environment and capitalising on Nigeria’s gas reserves for refining and development.
Usman added that his tenure would prioritize the welfare of staff and foster an environment of collaboration, innovation and dedication.
The News Agency of Nigeria (NAN) reports that, the new MD promised to engage stakeholders and implement these strategic initiatives with the support of the community, aiming for a more result-driven and efficient OGFZA
Speaking, the Outgoing MD, Oil OGFZA, Sen. Tijjani Kaura, described the task ahead of the new leadership of the agency as daunting.
Kaura called on the staff members to extend the same level of support, understanding and loyalty that they showed him during his 14-month tenure.
He said that with perseverance and energy, the new MD would overcome the challenges bedeviling the agency and succeed in leading the organization to achieving its core mandate.
