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Lagos To install Country’s First New Refinery In 20 Years!!!

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Institution of a new refinery at Lagos is a public private partnership project. This project was initiated to resolve the issue of perennial shortages of by- merchandise of natural assets at Nigeria, while Nigeria has abundance of pure sources but underutilized. The institution of this venture made many officials and business individuals to take Lagos flights to take their half in this launching. Public sector may easily accomplish this mission however the non-public sector was also concerned simply to boost the utilization of the capacity of the personal sector. If we look at the opposite aspect of the image we are going to come to know that involvement of non-public sector results in more efficient delivery of providers. This is the primary new refinery launched in Nigeria in last 20 years. It gave birth to a number of new companies and progress opportunities for the prevailing ones too. A rise in cheap flights to Lagos has been observed after the inception of this project particularly among business travelers.

The idea of installing new refinery in the nation was conceived some two years in the past 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 Government Director, Engineering and m tech petroleum engineering questions Expertise Directorate of the NNPC, Mr Billy Agha, top officials of the Corporation and the Chinese language firm took flights to Lagos and participated in discussion over this problem, and ultimately they finalized this institution. This concept was warmly welcomed by the people of the country that expresses the readiness of the State to work with the NNPC and the Chinese language on the project. This undertaking is consistent with the target for establishing the Lekki Free Commerce Zone.

After the inception of this idea many smart business individuals thought of to take low cost Lagos flights because they knew it very well that Lagos metropolis with a inhabitants of 18million represents a very worthwhile market which shall be helpful to all the contributors within the proposed refinery enterprise. It isn’t solely the primary refinery to be launched in final 20 years but can be the primary that could be integrated with an Industrial Hydrocarbon Park designed to transform pure gas and refined petroleum products into hydrocarbon derivatives. Enterprise persons and job seekers are taking flights to Lagos from UK and many different components of the world seeking enterprise and jobs associated to this mission as it is anticipated that the set up of new refinery would benefit from the 5000 job opportunities for construction employees and an estimated 2000 employees that might run the Industrial complex.

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