Abia State is strategically advancing its economic development agenda by introducing a groundbreaking modular refinery within the Abia Industrial Innovation Park. Recently announced by Okey Kanu, the Commissioner for Information and Culture, the refinery aims to commence full-scale operations by 2025.
Emphasizing the project’s significance, Mr. Kanu highlighted its potential to generate 2,000 direct jobs and numerous indirect employment opportunities, particularly benefitting the youth in Abia. The project aligns with the government’s commitment to fostering economic growth and capitalizing on the region’s abundant petroleum and mineral resources.
During a press briefing at the Government House in Umuahia, Mr. Kanu emphasized the pivotal role of the modular refinery in not only providing refined products for the people of Abia but also boosting the state’s revenue base. Commissioner for Petroleum and Mineral, Joel Ogbonna, echoed this sentiment, underscoring the government’s broader intention to explore the entire value chain of petroleum, leveraging Abia’s rich array of over 17 solid minerals for economic benefit.
The establishment of the industrial park is seen as a transformative initiative to position Abia State as a key player in Nigeria’s evolving refinery industry.
The modular refinery project in Abia has garnered significant attention from potential investors, with Mr. Kanu revealing keen interest from various stakeholders, particularly in the petroleum sector. This influx of investments is deemed crucial for addressing youth unemployment and propelling overall economic growth in the state.
The announcement follows a growing trend in refinery projects across Nigeria, exemplified by the recent commencement of operations at the Dangote Refinery. Abia State’s endeavor contributes to the broader goals of the nation’s petroleum sector, emphasizing sustainable economic growth, job creation, and harnessing natural resources for a brighter future for the state and its residents.
IMAGE: Telegraph ng