National Economy
Monday, September 29, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home States & Politics

NACCIMA Lauds Edo’s Reforms, 2 Functional Modular Refineries, Others

by Ibrahim Tanko
2 years ago
in States & Politics
Reading Time: 2 mins read
Dele-Oye
Share on FacebookShare on TwitterShare on Telegram

The national president of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, has lauded the Edo State governor, Mr. Godwin Obaseki for his administration’s progressive economic reforms which have transformed the state into Nigeria’s petrochemical hub with two operational modular refineries.

The two modular refineries in the state have continued to wax strong, with both now having a standing order of 300,000 barrels of crude from the Oza oil field.

Decklar Resources Inc and its co-venturer Millenium Oil & Gas Company Limited, which operate the Oza oil field, confirmed that aside from the 200,000 barrels of crude ordered by the Edo Refinery and Petrochemical Company Limited, Duport Midstream Company Limited has placed an order of 100,000 barrels of crude from the field. The products from the modular refineries in Edo State include diesel, low-pour fuel, and naphtha.

In a statement on Monday, the NACCIMA boss said Edo State has also been experiencing an influx of investments into various sectors of the state’s economy, which is a testament to the favourable business environment created by Governor Obaseki.

You May Like

Enebongr Endorses Golf View Estate

CPPE Seeks Reforms, Digital Transformation To Unlock Oil, Gas Sector

Oye said, “The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has lauded the progressive economic reforms introduced by Governor Godwin Obaseki of Edo State.

The initiatives aimed at transforming the state into a petrochemical hub have yielded positive results, with the two modular refineries in the state making standing orders of 300,000 barrels of crude from the Oza oil field. This is in addition to the 100,000 barrels ordered by Duport Midstream Company Limited. 

“The products from these modular refineries include diesel, low-pour fuel, and naphtha, which provide an avenue for revenue generation for the state.”

In a statement by the chief executive officer of Decklar Resources, Sanmi Fumuyide, he disclosed that trucking of crude oil from the Oza Oil Field to the Edo Refinery and Petrochemicals Company Limited facility has reached a cumulative volume of over 55,000 bbls.

This is in line with Governor Obaseki’s promise to drive economic growth in the state through his industrialisation policy.”

He noted, “Furthermore, Edo State has also been experiencing an influx of investments into various sectors of the economy, which is a testament to the favourable business environment created by Governor Obaseki. The governor’s efforts towards improving infrastructure, such as the road networks, have also attracted private sector participation in the state.”

Oye added, “NACCIMA commends Governor Godwin Obaseki for his people-oriented and innovative policies that have resulted in a surge of economic growth in Edo State. The association urges other state governors to emulate the positive strides of Governor Obaseki and implement policies that will create an enabling environment for businesses to thrive.”

 

Tags: NACCIMA
ShareTweetShare
Previous Post

Preventing Cervical Cancer Through HPV Vaccination

Next Post

Pan African Competitiveness Forum Gets New Secretary General

ANOTHER GOOD READ

Enebongr Endorses Golf View Estate
States & Politics

Enebongr Endorses Golf View Estate

60 minutes ago
CPPE Seeks Reforms, Digital Transformation To Unlock Oil, Gas Sector
States & Politics

CPPE Seeks Reforms, Digital Transformation To Unlock Oil, Gas Sector

1 hour ago
NDDC Leads Anti-Drug Abuse Campaign To Benin Streets
States & Politics

NDDC Leads Anti-Drug Abuse Campaign To Benin Streets

1 hour ago
Stakeholders Want State Independent Electoral Commissions Scrapped
States & Politics

Stakeholders Want State Independent Electoral Commissions Scrapped

1 hour ago
PIND Holds Town Hall Meeting On PIA In Delta
States & Politics

PIND Holds Town Hall Meeting On PIA In Delta

1 hour ago
‘Africa Can Generate $3.5trn GDP From AfCFTA’
States & Politics

‘Africa Can Generate $3.5trn GDP From AfCFTA’

2 weeks ago
Next Post
Pan African Competitiveness Forum Gets New Secretary General

Pan African Competitiveness Forum Gets New Secretary General

Most Recent

Tackling Food Loss And Waste:  A Call To Action For Nigeria

Tackling Food Loss And Waste: A Call To Action For Nigeria

September 29, 2025
What The Tech Is Going On At Passport Office?

What The Tech Is Going On At Passport Office?

September 29, 2025
Enebongr Endorses Golf View Estate

Enebongr Endorses Golf View Estate

September 29, 2025
SWAN Seek Nationwide Boycott Of NFF Activities Over Exclusion

SWAN Seek Nationwide Boycott Of NFF Activities Over Exclusion

September 29, 2025
Nigeria Unveils Ambitious Plans To Host 2030 Commonwealth Games

Nigeria Unveils Ambitious Plans To Host 2030 Commonwealth Games

September 29, 2025
NNL, BetPawa Seal N494m Sponsorship Deal

NNL, BetPawa Seal N494m Sponsorship Deal

September 29, 2025
From Poverty To Prosperity: China’s Lessons For A Shared Future

From Poverty To Prosperity: China’s Lessons For A Shared Future

September 29, 2025
Building Nigeria’s $1trn Steel Economy

Building Nigeria’s $1trn Steel Economy

September 29, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy