Francis Okiye, speaker of the Edo state house of assembly, says the modular refinery being developed by Edo Refinery and Petrochemical Limited with support from the state government would reset the economic base of the state.
Okiye said this when he led members of the assembly on an inspection tour of the refinery as part of their oversight function.
“We are here as part of our oversight function. Edo State Government, as part of its stimulus package to attract investment, appropriated about N700 million to stimulate business activities in the state, for the purpose of encouraging investment which will lead to job creation,” he said.
“When this government came into office, it took this step as part of the stimulus package to create jobs and wealth for the state. The governor briefed us that investing N700 million into the refinery project was not an attempt to take full ownership of the investment but to guarantee that the government was serious when they entered into the Memorandum of Understanding (MoU) with the partners on the project. Inspecting this project, it shows that both parties have lived up to expectations.
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“This is good news as we have seen the outcome of the money appropriated to the executive towards the execution of this project on behalf of Edo people.”
Commissioner for wealth creation and cooperatives, Felix Akhabue, said the refinery has created jobs for Edo people.
Head, health, safety, security, environment and community relations of ERPC, Segun Okeni, said the refinery is 99 percent ready and will be completed before the end of September 2020.
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