Midoil Refining and Petrochemicals Company Limited has commence construction activities in Lagos.
Midoil performed the turning of sod ceremony at Shekungba, Ikosi/ Ejinrin Local Council Dwvelopment Area of Lagos state.
The turning of the sod ceremony marks as the commencement of construction activities.
The Executive Chairman of Midoil, Mrs Elizabeth-Omolara Akintonde, led dignitaries to the large expanse of land spanning various communities at Ikosi/Ejinrin Local Council Development Area.
Akintonde said Midoil refinery would boost Nigeria’s energy landscape with a refining capacity of 100,000 barrels per day.
Akintonde assured leaders and members of the communities that the refinery would transform their areas by bringing immediate development, creating both direct and indirect jobs.
“It has taken Midoil 10 years to secure interested investors that are willing to invest in Nigeria and our project. But to the glory of God Almighty, we now have three consortiums of investors willing to invest $5bn with us.”
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