Governor Monday Okpebholo’s policy reforms and investment-friendly environment are continuing to attract major investors to Edo State, reinforcing confidence in the state as a prime destination for business and industrial growth.
The latest milestone is the Nigeria National Petroleum Corporation (NNPC) Limited’s plan to establish a 10,000 barrels per day (BPD) condensate refinery in Edo, with Oredo and Orhionmwon local government areas selected as the project sites due to the availability of gas and crude in the region. Once operational, the refinery is expected to produce 20 truckloads of petrol and 10 truckloads of diesel daily, boosting local energy supply and benefiting Edo residents.
Governor Okpebholo received the NNPC delegation, led by Executive Vice President of Downstream Investment Services, Alhaji Mumuni Dagazau, at Government House, Benin City. The team included Chief Downstream Investment Officer Mr. Ikedichi Dick-Nwoke, Senior Business Analyst Mrs. Valentino, and other key NNPC officials.
Alhaji Dagazau praised Governor Okpebholo’s developmental strides, assuring that NNPC is committed to a sustainable refinery project focused not only on revenue generation but also job creation, industrial growth, and overall socio-economic development of Edo State.
“The project we are looking at is not just in terms of revenue but the long-term value it will bring to the state, especially along the oil and gas value chain. Our confidence in Edo is based on the developmental policies of Governor Okpebholo,” Dagazau said.
Mr. Dick-Nwoke explained that the refinery will leverage an existing gas plant owned by NNPC, producing petrol and diesel to meet local demand. “It’s a small refinery, but it will supply its immediate environment, enhancing product security for the state and reducing dependency on external sources,” he said.
He added that the refinery would position Edo State as a major energy and industrial hub in the South-South region, supporting the governor’s vision for industrialization and employment creation. The construction phase, expected to last 24 to 36 months, will create approximately 400 direct and indirect skilled jobs and boost commercial activities in local communities.
Governor Okpebholo reaffirmed his administration’s full support for the project, pledging land, Certificates of Occupancy (C of O), security, and necessary logistics to facilitate timely completion. He described the investment as a reflection of President Bola Ahmed Tinubu’s “Renewed Hope Agenda,” highlighting its potential to generate jobs, reduce poverty, and strengthen Edo’s industrial base.
“We are delighted to welcome this major investment. Our political will is fully behind this initiative, and we are committed to protecting investments and ensuring Edo remains safe for business,” he said.
The refinery project is seen as a significant development for Edo State, signaling increased industrialization, improved standards of living, and sustained economic growth for the people of the state.
