The All Progressives Congress (APC), Ondo State Chapter, has commended the Governor of Ondo State, Hon. Lucky Orimisan Aiyedatiwa, for his visionary leadership and proactive efforts that led to the signing of a landmark investment deal with Backbone Infrastructure Nigeria Limited (BINL) for the establishment of a 500,000-barrel-per-day refinery and a 1,471-hectare Sunshine Free Trade Zone in the state.
This monumental $50 billion project represents one of the largest private-sector-driven investments in Nigeria’s history and will significantly transform the economic landscape of Ondo State.
Ondo State occupies a strategic position among Nigeria’s oil-producing states, and this development reinforces the state’s rightful place in the nation’s energy sector. It is worth recalling that the Dangote Refinery, now located in Lagos State, was initially proposed to be sited in Ondo State. However, due to poor coordination and lack of foresight at the time, the opportunity was lost. Governor Aiyedatiwa’s achievement, therefore, demonstrates a clear reversal of that missed chance — a testament to his administrative competence, strategic engagement, and investor-friendly governance.
The APC commends Governor Aiyedatiwa for creating an enabling environment that made this level of investment possible and for restoring investor confidence in Ondo State. The Party calls on all residents, particularly the host communities where the refinery and free trade zone will be located, to give their full support to the project.
This project will not only generate massive employment for youths and local residents but also boost local businesses, stimulate the state’s GDP, and open up the host communities to unprecedented economic and infrastructural development. Upon completion and commencement of operations, the refinery will position Ondo State as a major hub for energy production, trade, and industrial growth in the country.
The APC congratulates Governor Lucky Aiyedatiwa for his exemplary leadership and dedication to driving economic transformation through strategic partnerships that will benefit both the people and the state in the long term.
Signed:
Steve Otaloro
Director, Media & Publicity
All Progressives Congress (APC), Ondo State
