business

NNPC Receives C-Of-O For Proposed Edo Refinery

NNPC Receives C-Of-O For Proposed Edo Refinery

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has received a Certificate of Occupancy (C-of-O) for its proposed Oredo Refinery and Petrochemical Company Limited in Edo State. The Executive Vice President, Downstream, NNPC Ltd., Alhaji Mumuni Dagazau, received the certificate on behalf of the company during a courtesy visit to the Edo State Government House in Benin City on Friday.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has received a Certificate of Occupancy (C-of-O) for its proposed Oredo Refinery and Petrochemical Company Limited in Edo State.

The Executive Vice President, Downstream, NNPC Ltd., Alhaji Mumuni Dagazau, received the certificate on behalf of the company during a courtesy visit to the Edo State Government House in Benin City on Friday.

Dagazau commended Governor Monday Okpebholo for providing the land and necessary documentation for the project, describing the gesture as a demonstration of the administration’s commitment to attracting productive investments to the state.

He said the proposed refinery aligns with the Federal Government’s Renewed Hope Agenda, particularly its focus on strengthening domestic energy security, reducing dependence on imported petroleum products and promoting local value addition.

According to him, the project will boost Nigeria’s refining capacity, create employment opportunities, facilitate technology transfer and stimulate industrial development across Edo State.

Dagazau assured the state government of NNPC Ltd.’s commitment to working with relevant stakeholders to ensure the successful delivery of the project.

He expressed confidence that the refinery would contribute to Edo’s economic growth and Nigeria’s energy security.

Presenting the certificate, Governor Okpebholo expressed delight at the NNPC delegation’s visit and reaffirmed his administration’s commitment to creating an enabling environment for investors.

He said the provision of land for the project was part of deliberate efforts to attract investments, expand the state’s revenue base and create employment opportunities for residents.

The governor noted that the refinery would strengthen Edo’s commercial and industrial base, while assuring NNPC Ltd. of the state government’s continued support for the project.

The event was attended by top government functionaries and members of the NNPC delegation, including Ikedichi Dick-Nwoke, Chief Downstream Investment Officer; Adaobi Oniwinde, Senior Communications Adviser; and Valentine Marinho, Senior Business Analyst to the Executive Vice President, Downstream.

  • nnpc
  • edo
  • refinery
  • state
  • government
  • project
  • company
  • certificate

Summaries and tags are generated automatically. Stay informed with VidiaNews.

Related news

Tinubu Pledges More Federal Projects For Edo At APC Presidential Rally
politics

Tinubu Pledges More Federal Projects For Edo At APC Presidential Rally

President Bola Tinubu has assured Edo State of continued federal support in infrastructure, healthcare, energy, agriculture, entrepreneurship and security. The President gave the assurance through Vice President Kashim Shettima on Thursday at an APC presidential campaign rally in Benin City, which also coincided with the second anniversary of Governor Monday Okpebholo’s administration.

Read →
New Economy offers no immediate jobs for Ghanaians – Amin Adam
business

New Economy offers no immediate jobs for Ghanaians – Amin Adam

Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, said the programme had failed to provide clear employment opportunities for 2027 and 2028, with several major projects expected to deliver results only towards 2030. Dr Amin Adam cited the timelines for major projects under the programme, including the Pwalugu Dam, thermal power generation expansion, oil palm cultivation and garment factories, as evidence that the expected employment gains would take time to materialise.

Read →
Prof. Bokpin urges gov’t to use PPPs to fund major road projects and free up resources for social infrastructure
business

Prof. Bokpin urges gov’t to use PPPs to fund major road projects and free up resources for social infrastructure

Professor of Finance and Economics at the University of Ghana Business School, Prof. Godfred Bokpin, has urged the government to adopt Public-Private Partnerships (PPPs) to finance major road infrastructure projects, saying that the approach would ease pressure on public finances and free up funds for schools, hospitals and other essential services across the country. Prof. Bokpin also drew attention to the economic cost of road crashes, saying Ghana loses more than $4 billion annually through accidents and their associated effects.

Read →
2027 Budget: GH¢600m earmarked for 10 regional stadia
business

2027 Budget: GH¢600m earmarked for 10 regional stadia

Finance Minister Dr Cassiel Ato Forson announced the funding and project details during his presentation of the 2027 Budget Statement and Economic Policy to Parliament on Thursday. Of the 10 facilities, seven will be 5,000-seater multipurpose stadia in the Western North, North East, Ahafo, Upper East, Upper West, Bono East and Oti regions.

Read →
Eni Ghana pledges more opportunities for local firms in upstream sector
business

Eni Ghana pledges more opportunities for local firms in upstream sector

The Managing Director of Eni Ghana, Mr Federico Ricco, has reaffirmed the company’s commitment to strengthening local content development and expanding opportunities for local businesses in the country’s upstream petroleum industry. Speaking at the 2026 Local Content Conference and Exhibition in Takoradi, Mr Ricco said Eni’s experience with the Offshore Cape Three Points (OCTP) project demonstrated the value of combining international investment with a strong commitment to developing local capabilities.

Read →