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2 clusters · 8 sources · 3 days · First seen · Last updated

Azikel Group refinery development in Bayelsa

Overview

Former Nigerian President Olusegun Obasanjo participated in the inauguration of the Crude Distillation Unit (CDU) at the Azikel Group Refinery in Obunagha, Bayelsa State. The one-billion-dollar project, owned by Azikel Petroleum, is expected to produce 2.5 million litres of petrol and two million litres of diesel daily.

During the event, Obasanjo advocated for an increase in the 13 per cent derivation fund currently allocated to oil-producing states, arguing that the current amount is insufficient and that these communities have not received a fair deal. He also commended the Azikel Group and local leadership for their roles in the project, which officials expect will drive industrial growth and job creation in the region.

Entities

Olusegun Obasanjo · Bayelsa State · Azikel Group · Goodluck Ebele Jonathan · Douye Diri

Timeline

  1. [BUSINESS] 3 sources
    Obasanjo inaugurates Azikel Group Refinery unit in Bayelsa

    Former Nigerian President Olusegun Obasanjo inaugurated the Azikel Group Refinery’s Crude Distillation Unit in Bayelsa State, marking a key step toward the project's completion.

  2. [POLITICS] 5 sources
    Olusegun Obasanjo calls for higher oil derivation funds

    Former President Olusegun Obasanjo advocated for increasing the 13 per cent oil derivation fund for Nigerian oil-producing states during the inauguration of the Azikel Refinery in Bayelsa.

Sources

businessday.ng · fellowpress.com · oasismagazine.com.ng · punchng.com · shippingposition.com.ng · thegeniusmedia.com.ng · tribuneonlineng.com · von.gov.ng