Establishment of a brand new refinery at Lagos is a public private partnership undertaking. This project was initiated to resolve the problem of perennial shortages of by- merchandise of pure resources at Nigeria, whereas Nigeria has abundance of natural sources however underutilized. The institution of this mission made many officials and business individuals to take Lagos flights to take their part on this launching. Public sector could simply accomplish this challenge but the personal sector was also concerned simply to boost the utilization of the capability of the private sector. If we look at the other side of the picture we are going to come to know that involvement of private sector results in more environment friendly supply of companies. That is the first new refinery launched in Nigeria in final 20 years. It gave birth to a number of new businesses and progress alternatives for the present ones too. An increase in cheap flights to Lagos has been noticed after the inception of this venture especially among enterprise travelers.
The concept of putting in new refinery within the nation was conceived some two years ago in 2008 in respect of the State’s participation in the Refinery and Hydrocarbon Industrial Park as a co-investor when delegation comprising of Group Govt Director, Engineering and Expertise Directorate of the NNPC, Mr Billy Agha, top officials of the Company and the Chinese firm took flights to Lagos and participated in dialogue over this issue, and finally they finalized this institution. This idea was warmly welcomed by the folks of the nation that expresses the readiness of the State to work with the NNPC and the Chinese language on the challenge. This challenge is per the target for setting up the Lekki Free Trade Zone.
After the inception of this idea many wise business persons considered to take low-cost Lagos flights because they knew it very properly that Lagos metropolis with a population of 18million represents a really profitable market which will likely be helpful to all of the individuals in the proposed refinery venture. It isn’t only the primary refinery to be launched in last 20 years however can also be the primary that could be integrated with an Industrial Hydrocarbon Park designed to convert natural gasoline and refined petroleum products into hydrocarbon derivatives. Enterprise persons and job seekers are taking flights to Lagos from UK and lots of other components of the world in the hunt for enterprise and jobs associated to this mission as it is anticipated that the installation of recent refinery would benefit from the 5000 job alternatives for construction staff and an estimated 2000 workers that may run the Industrial advanced.
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