₦airaland Forum

The Chairman and CEO of Gasoline Associates International Limited (GAIL), Dr. Lukman Akande Bolaji has given assurance that his refinery will redefine product availability in Nigeria when it comes on stream.

According to Bolaji, the refinery to be sited at Ipokia, a quiet corner of Ogun state, is designed to process 100,000 barrels of crude oil per day in its initial phase, with the capacity to scale up to 450,000 barrels daily.

Once operational, it will deliver essential fuels such as Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Liquefied Petroleum Gas (LPG), and Jet Fuel (ATK), along with petrochemical derivatives for both domestic use and international markets.

This initiative represents a strategic response to Nigeria’s dependency on imported petroleum products and positions Ogun state as a hub for energy and industrial innovation in West Africa.


The project has attracted attention from both local and international stakeholders, including the WOFBI Alumni Association, whose mission to promote transformational leadership resonates deeply with Bolaji’s ethos.

A man of many firsts with over 25 years of diverse professional experience spanning information technology, banking, energy, academia, and international business consulting, he noted.

TimeManager:
Mr President's liberalization policy has boosted Investors confidence in the oil industry.

BINL is also building a 500,000bpd refinery capacity in Ondo state, BUA refinery is coming on board anytime soon.

https://www.nairaland.com/8470835/binl-build-15bn-500000bpd-refinery

By the time the President's reforms come together, everywhere will be soft. God bless Nigeria.

-Kiss the truth!

Omoapena:
what they all ought to have done many years ago is what they are now doing now, I see refinery as bad investment with the invention of EV and solar system

Omoapena:
what they all ought to have done many years ago is what they are now doing now, I see refinery as bad investment with the invention of EV and solar system

Omoapena:
what they all ought to have done many years ago is what they are now doing now, I see refinery as bad investment with the invention of EV and solar system

oweniwe:
Dont mind them.

90s is there

2000-2020 is there

Is now 2025 they want to start building,. When will they finish up? Maybe 2035

Omoapena:
what they all ought to have done many years ago is what they are now doing now, I see refinery as bad investment with the invention of EV and solar system

Mightymanna:
What are the East gaining in this country? This country is bound to help the south west because of the Lagos factor even though it is not only Lagos that has access to the sea, the North also gets Abuja. The marginalization of the East is true

Omoapena:
what they all ought to have done many years ago is what they are now doing now, I see refinery as bad investment with the invention of EV and solar system

justified007:
They couldn't have done that before due to the subsidy regime we were practicing in the past

Emnyte:
these are private investors not government. You people claim you all are billionaires, maybe it's time to show working and just not cho cho cho. Nothing like marginalization in this matter these are individual business people building refineries

TimeManager:
https://businesshilights.com.ng/2025/07/28/new-100000bpd-private-refinery-gail-coming-up-in-ikpokia-ogun-state/

ufotunang:
That is very good...it will bring healthy competition in the oil refinery and petroleum sector with dangote refinery

Arostar2023:
He baited you and you fell for it. What made you think that that guy is from SE? Go and check his previous posts. Lagos A.P.C. people with an agenda to cause ethnic disharmony will come online and instigate people...and some weak minded ones will swallow the bait whole without critical thinking.