The Ogun State Government has signed an agreement with a consortium of four companies to build the second largest refinery in sub-Saharan Africa.

The agreement signed on Wednesday by Ogun State Governor, Ibikunle Amosun and plans to build the largest petroleum product depot in Nigeria. The Chairman, Petrolex Group, Mr. Segun Adebutu led other partners in the consortium to the Governor’s office in Abeokuta for the agreement signing ceremony and while speaking, said the two projects, when completed would generate not less than 2000 employment opportunities for the citizens and greatly increase the socio-economic condition of the state.

He added that the refinery will be built in the Odogbolu Local Government Area of the state.



The four firms are Petrolex Oil and Gas, Hyundai, Ajayi Legal Partners and Wema Bank PLC. Speaking during the ceremony, Ogun State Governor, Senator Ibikunle Amosun, assured the consortium of his administration’s commitment to fully support the project.

Governor Amosun addressing reporters at the signing said “We have the political will and we would support the project fully. You can be rest assured that I will get involved, when necessary, in order to ensure that the project is a success,”. Adding that “any government that will get it right indeed must be private sector driven.”

The Governor disclosed that his administration will always support people of like minds who will in turn bring positive economic development to the state.