US-based
businessman, Mr. Charles Ihaza, says he has acquired about 453.9 hectares of
land to establish a modular refinery in Eghudu, Ovia North East Local
Government
Area of Edo.
Mr. Ihaza said
this at an Open Forum organised on Environmental Impact Assessment (EIA) of the
proposed refinery in Benin.
He said the
project would cost over two billion US dollars, adding that the refinery would
produce about 80,000 barrels of refined petroleum products daily.
“I know what
it takes to establish and manage a refinery, and we are already discussing with
the relevant Federal Government agencies on the immediate commencement of the
project.
“I decided to
site the refinery in Eghudu so as to help our people back home in Nigeria, and
I am very passionate about this project.
“As part of
our social corporate responsibilities to the host community, we are going to
construct roads, build satellite clinics, standard primary and secondary
schools and a functional international market,’’ he said.
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