Lagos - The United State Trade and Development Agency (USTDA) is to offer N39.84m
(about $257 000) grant for a feasibility
study for a gas-based industrial complex project in Nigeria.
The U.S. Consulate-General in Lagos in a statement on Wednesday said the
grant was aimed at building business relationships between the U.S. and
Nigeria’s emerging petrochemical industry.
The statement said that a ceremony to sign the deal would take place on
March 20 at the U.S. Consul-General’s residence in Ikoyi, Lagos.
“Under the agreement to be signed, USTDA is providing $257 000 for the
“The study will evaluate various types of facilities which could produce
different chemical outputs, including methanol, fertiliser, chemicals and
“The study will also develop a simulation model that will provide the
grantee with recommendations on which of these facilities should be included in
According to the statement, the study will include a market survey on the
current demand of the different chemical outputs which can result from the
The statement said that the market survey would assess domestic and
international markets for the potential chemical outputs from the facilities.
It explained that the study would provide the grantee with training related
to the international fertiliser and petrochemical industry as well as the
economics of fertiliser and petrochemical production.
"The project holds the potential to generate significant U.S. exports of
goods and services between the U.S. and Nigeria’s emerging petrochemical
industry,’’ it said. -
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