Connect with us

Hi, what are you looking for?

News

Amosun And Dangote’s Disagreement Cost Ogun $16b Refinery – Abiodun

Ogun State Governor, South West Nigeria, Dapo Abiodun has narrated how a disagreement between former governor of the state, Ibikunle Amosun and Chairman of Dangote Group, Aliko Dangote, cost the state the $16 billion Dangote refinery.

Gatekeepers News reports that Abiodun said this during the Convocation Lecture he delivered at the 2nd and 3rd convocation ceremony of the Mountain Top University.

He expressed disappointment that the state lost a $16 billion Dangote refinery to Lagos State after a break in discussion between the immediate past administration and Dangote.

He noted that he had the privilege to work as the chairman of the Olokola Free Trade Zone that was meant to have the refinery cited in the state.

He added that the project was not just conceived with the aim of refining petroleum products only, but to take advantage of the mining lease that had been awarded around the corridor.

Abiodun said, “I worked as chairman of Olokola Free Trade Zone that was meant to have the Dangote refinery cited in Ogun Waterside, however, discussion broke down between Dangote and the then administration which led to the loss of that project to Lagos State; a $16 billion refinery was lost to another state.

“That project was conceived with the aim of not just refining petroleum in Ogun, but also take advantage of the mining lease that had been awarded around that corridor that has even not begun to be exploited.”

However, Abiodun, said his administration is working towards ensuring that the state takes advantage of its oil rich deposit and becomes an oil producing state.

He expressed optimism that the state will become oil producing.

Abiodun said, “we are working assiduously on that, so, I accept this challenge, we will further strengthen our resolve to ensure that we bring Ogun State to oil producing status in the very near future.”

He noted that the state has very rich oil reserves in Tongeji Island.

Abiodun added that “Ogun state is situated in the Dahomey Basin, which stands for the Niger Delta that goes all the way to Ghana.

“Everyone of the states in that corridor are oil producing today, even Ondo and Lagos states.”

You May Also Like

News

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre....

Business

Dangote oil refinery began supplying the Nigerian domestic market with petroleum products such as diesel and aviation jet fuel on Tuesday. Gatekeepers News reports...

Business

Nigerian billionaire and founder of Dangote Group, Aliko Dangote has named the road leading to his oil refinery after Herbert Wigwe, as a way...

Business

Dangote Refinery plans to import crude from the United States (US) in the upcoming months. Gatekeepers News reports that according to traders with knowledge of...