The Edo state government says the Nigerian National Petroleum Company (NNPC) Limited has received a certificate of occupancy (C-of-O) for the construction of its proposed Oredo refinery and petrochemical company in the state.
According to a statement on Friday, Mumuni Dagazau,
executive vice-president, downstream, NNPC, received the certificate on behalf
of the company during a courtesy visit to the Edo government House in Benin.
Dagazau commended Monday Okpebholo, governor of Edo, for his
administration’s commitment to providing land and the necessary documentation
for the project.
He said the proposed refinery aligned with the federal
government’s renewed hope agenda, particularly its focus on domestic energy
security, reducing dependence on imported petroleum products, and increasing
local value addition.
Dagazau said the project would strengthen Nigeria’s domestic
refining capacity and create opportunities across the downstream petroleum
value chain.
He added that the refinery would generate employment,
promote technology transfer, encourage local participation, and support
industrial development in Edo.
Dagazau assured the state government that NNPC would work
closely with it and other stakeholders to provide the necessary support for the
project’s successful completion.
He described the presentation of the certificate as a
demonstration of Okpebholo’s commitment to attracting productive investments to
the state.
Dagazau expressed confidence that the project would
contribute to Edo’s economic growth and Nigeria’s energy security, while
demonstrating the benefits of collaboration between the government and
investors.
Presenting the certificate, Okpebholo expressed delight at
the NNPC delegation’s visit and reaffirmed his administration’s commitment to
supporting investments in the state.
The governor said the provision of land for the project was
part of his administration’s efforts to attract investors, increase revenue and
create employment opportunities.
He said the refinery would expand Edo’s commercial base and
deliver economic benefits to residents.
Okpebholo assured NNPC of the state government’s readiness
to support the investment, adding that the project would contribute
significantly to Edo’s development.
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