The Federal Executive Council FEC, has approved the establishment of oil and gas parks in Akwa Ibom and Bayelsa states.
Minister of State for Petroleum Resources, Timipre Sylva said this while briefing State House correspondents after FEC meeting presided over by President Muhammadu Buhari at the Presidential Villa.
He said the parks, which would cost over 3 billion naira, were for the production of oil and gas tools.
Sylva said that the parks would create up to 1000 additional jobs as well improve the security of the Niger Delta.
On her part, the Minister of State for Transportation, Gbemisola Saraki, said that FEC also approved the purchase and installation of 300 buoys on the River Niger for the inland waterways.
She said that the approval, which was in the tune of 581 million naira was a repeat procurement because the first one was done in 2017/2018.
Saraki said that the first approval was from Baro to Onitsha while the latest was from Onitsha to Lokoja.
