The Federal Government yesterday announced that 21 firms are to mobilise to site in the next two weeks following the contribution of $180 million by major oil companies for the clean-up of the Ogoni oil spills and reclamation of the environment.
The Minister of State for Environment, Ibrahim Jubril, said this while addressing State House Correspondents at the end of the Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo. According to Jubril, the $180 million was currently domiciled in a special Escrow account with the Standard Chartered Bank of London.
He explained that the fund was raised from the Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC) and other joint venture companies and were being managed by the Board of Trustees of HYPREP (Hydro-Carbon Pollution Restoration Project).
Jibril explained that the shortlisting of qualified companies which had been ongoing for a couple of weeks now, has been concluded and “I can confidently tell you that before the end of this month, in the next two weeks, there will be 21 companies that will be mobilised to site to start the work.”
Source: The Sun