NEWS AGENCY OF NIGERIA Economy/Business,Oil & Gas New OGFZA MD rolls out ambitious expansion plans

New OGFZA MD rolls out ambitious expansion plans

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By Bukola Adewumi

The newly appointed Managing Director of Oil and Gas Free Zones Authority (OGFZA), Mr Bamanga Usman, has unveiled plans for the future growth of the agency, inline with President Tinubu’s economic agenda.



Usman made this known on Wednesday when he took over from the former MD Sen. Tijjani Kaura, in Abuja.



He said that his vision include establishment of OGFZA offices in every state of the federation regardless of their oil productibg status.



He said that the expansion initiative is aimed at providing new investment opportunities and addressing the saturation of existing zones.



The MD said that under his leadership OGFZA,  which is a key player in the oil and gas sector with focus on international clientele would introduce offshore banking services.



According to him, this is to facilitate seamless international financial transactions and solidify OGFZA’s position as a global industry leader.



“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.

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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 prioritise the welfare of staff and foster an environment of collaboration, innovation and dedication.



He 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 organisation to achieving its vision.(NAN)

edited by Benson Ezugwu/Julius Toba-Jegede

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