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Breaking News: Ondo State Government Partners Set Up Joint Vnture For Establishment Of 500,000 BPD Refinery

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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.

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POLITICS: Wike-led PDP Faction Takes Over Party Secretariat In Oyo

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Members of Peoples Democratic Party, PDP, loyal to the Minister of Federal Capital Territory, FCT, Nyesom Wike, have taken over the secretariat of the party in Oyo State.

The secretariat, located in the Molete area of Ibadan, was in the custody of the faction loyal to Governor Seyi Makinde of the state until Thursday when the members loyal to Wike took over the premises.

DAILY POST gathered that the PDP members stormed the secretariat on Thursday and occupied the premises with hundreds of members of the party in attendance.

PDP chairman in the state, Professor Abdulrahman Akinoso, confirmed the development to DAILY POST.

Akinoso in a telephone conversation with DAILY POST on Thursday, insisted that the real owners have taken over the premises.

He said, “It is true. It is not faction. It is PDP. We have taken over the premises. It was in the morning. We were there in the morning. We just left the premises. We are now in control. We have taken over the premises.” .…For more, Complete your reading.

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POLITICS: Foreign Recognition Won’t Secure Re-election – ADC Tells Tinubu

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The African Democratic Congress (ADC) has told President Bola Tinubu that foreign recognition will not secure him another term in office, insisting that Nigerians will judge his administration by its performance, not by diplomatic gestures from other world leaders.

In a statement issued on Thursday by its National Publicity Secretary, Bolaji Abdullahi, the opposition party reacted to the Presidency’s celebration of a purported letter from United States President Donald Trump to Tinubu.

The ADC said presenting the letter as an endorsement of Tinubu’s administration was misleading, stressing that diplomatic correspondence between world leaders is a normal part of international relations.

“The Presidency’s attempt to present President Donald Trump’s letter to President Bola Ahmed Tinubu as though it were a referendum on the state of the nation is not correct,” the party said.

According to the ADC, countries cooperate, leaders exchange views and letters regularly, adding that such communication does not amount to an endorsement of a government’s performance.

The party accused the Tinubu administration of being desperate for international validation instead of focusing on solving Nigeria’s challenges.

“It is apparent that this administration is desperate to seize upon any gesture of international recognition as proof of success at home,” the statement said.

The ADC maintained that “a letter from a foreign president, however well-intentioned, cannot substitute for the verdict of the Nigerian people.”

It added that the true measure of any government is not what foreign leaders say about it, but what citizens experience daily.

The opposition party argued that Trump’s letter had not changed the reality facing millions of Nigerians, especially those affected by insecurity.

“For the millions of Nigerians still living with the consequences of this government’s failures, President Trump’s communication changes nothing. It did not say that insecurity has been overcome or that Nigerians can once again travel freely, farm safely and sleep without fear,” the party stated.

The ADC also pointed to the continued captivity of hundreds of women and children in parts of Borno State and Kaiama in Kwara State, while many communities in Benue and other parts of the country still live in constant fear because of insecurity.

The party further noted that, despite the Presidency’s celebration of the letter, the United States Department of State has not changed its travel advisory for Nigeria.

According to the ADC, several Nigerian states remain under Level 3 and Level 4 travel advisories, with American citizens still being urged to reconsider or avoid travel because of crime, terrorism, kidnapping and civil unrest.

“We therefore wonder how correspondence from a government that designates several Nigerian states as ‘Do Not Travel’ areas can be regarded as an endorsement,” the party said.

It argued that the travel advisory shows the international assessment of Nigeria’s security situation remains different from the image the Presidency is trying to project.

The ADC said Nigerians are more concerned about their safety than diplomatic exchanges between presidents.

“The daily reality of Nigerians is shaped not by diplomatic correspondence, but by the guarantee that they can go about their lives without falling victim to violent crime or terrorism,” it said.

The party stressed that Trump’s letter was simply communication between two presidents and “does not amount to an endorsement of this government’s overall performance.”

It urged the Tinubu administration to focus less on celebrating diplomatic courtesies and more on delivering measurable improvements in the lives of Nigerians.

“Ultimately, Nigerians will not judge this government by the letters it receives from foreign capitals. They will judge it by whether .…For more, Complete your reading.

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