The new Managing director of the Oil and Gas Free Zones Authority, OGFZA, Mr Bamanga Usman says his administration will commit to transforming the Oil and Gas Free Zones into economic catalysts by streamlining processes, promoting transparency, and reducing bureaucracy.
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Mr Usman who said this during his assumption in to office in Abuja disclosed that he is committed to introducing offshore banking services, ensuring seamless, 24/7 international financial transactions and cementing the country’s position as a key global player in the industry.
According to him, “I envisage expansive future for OGFZA. It is my firm intent to champion the establishment Oil and Gas Free Zones in every state of our great nation, both oil-producing a non-oil-producing.
“This expansion aims to offer more investment avenue considering some of our current zones that face saturation from limited opportunities for fresh activities.”
In repositioning the Authority, Mr Usman said “We will commit to elevating our infrastructure to international standards, working alongside stakeholders. Addressing existing challenges, such as deteriorating roads and inconsistent power supply, is paramount to fortifying Nigeria’s global industrial stance and resilience against economic upheavals.”
“In adherence to the Nigerian Content Act, we edge our unwavering commitment to promote local content across the value chain. Our focus remains on technology transfer, skills acquisition, and bolstering local businesses, thereby amplifying the nation’s talent pool and benefits.”
“We will commit to prioritizing the welfare of all staff. I will be open to suggestions on improvement of our processes and procedures, and I charge you to respond positively to changes as we seek to reposition the Authority for more efficient performance.” He added.
