In Ogun State, Nigeria, the Government has entered into a deal with a consortium of four private companies to construct a refinery, projected to be the second largest in sub-Saharan Africa.The deal, which was signed between the government and Petrolex Oil and Gas, Hyundai, Ajayi Legal Partners and Wema Bank Plc., also includes the construction of the biggest petroleum product depot Southwest of Nigeria.

According to the Chairman of Petrolex Group, Segun Adebutu, the government had continued to provide an encouraging environment for viable investment.He added that when completed, the two projects will create about 2,000 employment opportunities for the people and boost socio-economic condition of the state.  He said the refinery would be cited in Odogbolu Local Government Area of the state.

For his part, the Governor of Ogun State, Ibikunle Amosun (photo), told the consortium led by Petrolex Group that his administration is ready to support the project, Today news reports.

“We have the political will and we will support the project fully. You can rest assured that I will personally get involved when necessary to ensure that the project is a success. We do not want just any investment but that which will truly support the dreams, goals and economic drive of the present administration in its mission to rebuild the state,” he said.

Anita Fatunji