The wife of the president, Mrs Aisha Buhari yesterday, paid a visit to the Petrolex Mega oil city at Ibefun, Ogun State. The Petrolex mega oil city is the site of the 300 million-liter tank farm that will be commissioned tomorrow, Dec 12, 2017. It is also the site of the proposed 250,000 bpd refinery, which will be the second, privately-owed refinery in Nigeria.

The wife of the president was accompanied by the wife of the Speaker, house of Representatives, Mrs Gimbiya Dogara, and former Deputy Governor of Plateau state, Mrs Paulen Tallen(OFR)

Besides the refinery and the tank farm, Petrolex is also building a lube plant, fertilizer plant and gas processing facility, which will turn the entire Ibefun into a petrochemical hub; the like that has never been seen before in West Africa. The Mega Oil City has 30 loading gantries, residential quarters, ultramodern health centre and a 4000-truck capacity trailer park with accommodation for drivers.

The Oil City will create over 10,000 new jobs, impact over 2 million lives, improve distribution of petroleum products by over 500 percent, improve efficient delivery of products to retail markets and eliminate over 2000 tankers from Apapa road.

The Vice president, Yemi Osinbajo is expected at the event tomorrow. He will be joined by other dignitaries, including the minister of state for Petroleum, Ibe Kachikwu, the governors of Ogun and Lagos States, Ibikunle Amosun and Akinwunmi Ambode, and the Group Managing Director of NNPC, Maikantu Baru.

First pix: Aisha Buhari with the chairman of Petrolex, Segun Adebutu
Second pix: L to R: Mrs Paulen Tallen, Mrs Gimbiya Dogara, Mrs Aisha Buhari with the Chairman of Petrolex, Mr Segun Adebutu

I hope petrol would be cheaper with all this capacity coming out of Nigeria. Anyway but this guy is smart sha,he is testing the waters first,before putting out a refinery.Thank God Alhaji is a better risk taker,by the time he steps out of the water he would left with 30% market share to contend with.