OGUN State government yesterday 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. Chairman, Petrolex Group, Mr. Segun Adebutu led other partners in the consortium to the office of the state governor for the agreement signing ceremony. Adebutu said the two projects, when completed, would generate not less than 2000 employment opportunities for the citizens and greatly increase the socio-economic condition of the state. He said the refinery was situated in Odogbolu Local Government Area of the state. Speaking during the ceremony, Governor Ibikunle Amosun assured the consortium of his administration’s
commitment to fully support the project. “We have the political will and we will 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,” the governor said. Amosun added that “any government that will get it right indeed must be private sector driven.” In this respect, the governor said Ogun State did 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. The firms involved in the consortium include Petrolex Oil and Gas, Hyundai, Ajayi Legal Partners and Wema Bank PLC.

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