OGUN TO BUILD REFINERY, PETROLEUM DEPOT

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OGUN REFINERY
OGUN TO BUILD REFINERY, PETROLEUM DEPOT

The Ogun State Government on Wednesday signed an agreement with a consortium of four private companies to build the second largest refinery in sub-Saharan Africa and the largest petroleum product depot in Nigeria.

The firms involved in the consortium include Petrolex Oil and Gas, Hyundai, Ajayi Legal Partners and Wema Bank Plc.

Chairman, Petrolex Group, Mr. Segun Adebutu, who led other partners in the consortium to the office of the Ogun State Governor in Abeokuta for the agreement signing ceremony, said the two projects, when completed would generate not less than 2,000 employment opportunities for the citizens and greatly increase the socio-economic condition of the State.

He said the refinery would be built in Odogbolu Local Government Area of the State.

The State Governor, Senator Ibikunle Amosun assured the consortium of his administration’s commitment to fully support the project.

Amosun said, “We have the political will and we would support the project fully. You can be rest assured that I will get involved, when necessary, in order to ensure that the project is a success. Any government that will get it right indeed must be private sector driven.”

Amosun said the State does not just want any investment but that which would truly support the dreams, goals and economic drive of the present administration in the State.

The Governor disclosed that his administration would always support people of like minds, who would in turn bring positive economic development to the State.


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