Nigeria: Backbone Says It Has Secured Funding for 500,000bpd Refinery in Ondo

Nigeria: Backbone Says It Has Secured Funding for 500,000bpd Refinery in Ondo

Following the successful execution of the memorandum of understanding (MoU) between Backbone Infrastructure Nigeria Ltd (BINL) and the Ondo State Government, through the Ondo State Investment Promotion Agency (ONDIPA), for the construction of a 500,000 barrels-per-day refinery and the development of a 1,471-hectare Sunshine Free Trade Zone in the Ilaje area of Ondo State in July, Backbone has secured project funding exceeding $50 billion for bot…

Nigeria: Ondo govt, investors seal $50bln deal to build refinery, free trade zone

A representative of one of the partners in the consortium, Afful Clement, said the group had already begun preparations before arriving in Ondo

Ondo Govt Seals $50bn Deal with Global Firms to Build Mega Refinery, Free Trade Zone - TV360 Nigeria

Aiyedatiwa: Partnership will transform Ondo into Nigeria’s next industrial powerhouse… The Ondo State Government has announced the signing of a $50 billion investment agreement with a consortium of international companies under the Sunshine Infrastructure Joint Venture (JV) to establish a major refinery and free trade zone in the state. Governor Lucky Aiyedatiwa’s Chief Press Secretary, Ebenezer Adeniyan, disclosed this in a statement on Wednesd…

Ondo state, investors sign $50 billion refinery, free trade zone agreement

The Ondo State Government has entered into a $50 billion investment partnership with leading international firms under the Sunshine Infrastructure Joint Venture to establish a world-class refinery and free trade zone in the state  The post Ondo state, investors sign $50 billion refinery, free trade zone agreement  appeared first on Nairametrics.

New rival for Dangote: meet the people behind 500,000 barrels refinery project in Ondo State

Nigeria is set to host a new $15 billion refinery in Ondo State, capable of processing 500,000 barrels daily, with $50 billion funding commitments secured.

Aiyedatiwa signs $50bn deal on refinery, free trade zone

The Ondo State Government has signed a $50billion investment agreement with some international firms under the Sunshine Infrastructure Joint Venture.The international firms involved in the deal include Backbone Infrastructure, MJ Care Investment Finance, China Harbour and Honeywell OUP, all under the Sunshine Infrastructure Joint Venture.This was contained in a statement issued by Ebenezer Adeniyan, the Chief Press Secretary to the state governo…