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Breaking News: Ondo State Government Partners Set Up Joint Vnture For Establishment Of 500,000 BPD Refinery
The Ondo State government and its investment partners have initiated the process for the establishment of a 500,000 barrels-per-day refinery and a free trade zone with the establishment of the Sunshine Joint Venture Infrastructure Limited.
Sunshine Joint Venture Infrastructure Limited is the platform through which the partners – Backbone Infrastructure Limited, BINL, NEFEX Petro Line Limited and Cooldeal Limited – will work with the Ondo State Government, represented by the Ondo State Investment Promotion Agency, ONDIPA, towards the actualisation of the refinery and free trade zone.
A statement by BINL Vice President, Corporate Services, Barrister Wale Adekola, which provided an update on the refinery and free trade zone projects, disclosed that NEFEX, BINL and Cooldeal Limited are represented in the joint venture by different officials.
The statement added that the joint venture team and the consultants, including China Harbour, China Engineering and Honeywell, UOP, among others, were led by ONDIPA executives to the project sites in the Ilaje area of Ondo State.
During the visit, the team held engagements with critical stakeholders.
The statement added that before proceeding to the project sites across the waters, the team paid a courtesy visit to His Royal Majesty (HRM), the Olugbo of Ugbo Kingdom, Oba Frederick Obateru Akinruntan.
“The Kabiyesi warmly welcomed the team especially the foreign partners which include the team lead Messrs Egbal, JM and Maryam among others. He assured the JV team and the Ondo State Government of the total support of the Kingdom and all stakeholders including the security of lives and property of all the groups and individuals that will be involved in these projects for the benefits of all,” the statement said.
The team, led by Chairman of BINL, former Senate President, Ken Nnamani, also paid a courtesy call on Ondo State Governor, Lucky Aiyedatiwa.
The governor appreciate the joint venture for making Ondo State destination of choice for its investment, noting that the development will drive the industrial growth of Ondo and Nigeria as a whole. He also assured of conducive environment that will ensure a thriving business and mutually beneficial relationship amongst all stakeholders.
The JV team and ONDIPA restated commitment not just for the successful execution of the projects but also giving the stakeholders full benefits by providing modern social amenities including hospitals, schools, potable water and settlement centers with all social amenities.
The Ondo State government is lanning to set up a 500,000 barrels-per-day refinery and a 1,471-hectare Sunshine Free Trade Zone in the Ilaje area of Ondo State.
The Confederation of African Football (CAF) has announced Morocco as winners of the 2025 Africa Cup of Nations.
The CAF Appeal Board ruled in favour of Morocco, declaring that Senegal forfeited the AFCON final by walking off the field during the game.
Morocco were awarded a 3–0 walkover victory.
This decision upholds Morocco’s appeal following the chaotic events in the match.
DAILY POST recalls that the Senegal team briefly walked off the pitch in protest after a controversial penalty was awarded to Morocco late in regulation time.
They were called back to the field by their captain, Sadio Mané, and later won the game 1–0.
CAF determined that this action constituted a violation of Article 84, or the equivalent regulations concerning refusal to play or abandoning the field.
Under AFCON rules, a team that refuses to continue playing or leaves the field without authorization faces elimination and forfeiture of the match.
A total of three operatives of different security agencies in Anambra State collapsed during the inauguration of Anambra State Governor, Prof Chukwuma Soludo, on Tuesday.
The incident happened during the parade at the Dr Alex Ekwueme Square in Awka.
The three operatives are one male police operative, another male operative of the Directorate of State Services (DSS) and a female operative of the Nigeria Security and Civil Defence Corps, NSCDC.
The police operative collapsed first, followed by the NSCDC operative, who slumped towards the end of the event and was later escorted to an ambulance, after she refused to be moved in a stretcher.
A source said the police operative was later resuscitated, but was still not stable, and was taken in an ambulance to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital, Amaku Awka.
The collapse of the service officers was attributed to fatigue and the long period of parade under harsh sunny weather.
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