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BINL to Build $15 billion 500,000 BPD Refinery, Establish Free Trade Zone in Ondo State
BINL to Build $15 billion 500,000 BPD Refinery, Establish Free Trade Zone in Ondo State
By:Michael Mike
Backbone Infrastructure Nigeria Limited (BINL) has concluded plans to construct and operate a 500,000 barrel per day (BPD) refinery at the Sunshine Industrial Park in Ogboti, Eruuna and establish the Sunshine Free Trade Zone (FTZ) in the Ilaje Local Government Area of Ondo State.
The refinery, a joint venture with the Ondo State Government represented by the Ondo State Development and Investment Promotion Agency (ONDIPA), will cost $15 billion, with phase one expected to be completed within 48 months.
BINL is exploring partnership with the Nigerian National Petroleum Corporation Limited (NNPCL) to facilitate the delivery of this ultra-modern crude oil refinery.
According to a statement on Wednesday. BINL has scheduled a courtesy visit to the Executive Governor of Ondo State, Hon. Lucky Aiyedatiwa on July 14, 2025.
BINL and the Ondo State Government represented by ONDIPA, will then formally execute memoranda of understanding on July 15, 2025 to kick off the delivery of these projects.
According to BINL, a multi-sectoral infrastructure development company with offices in Abuja, London and Zug, this project will be phased commencing with a 100,000 refinery.
BINL’s Vice President for Corporate Services, Mr Wale Adekola, said the BINL refinery will provide petroleum products for local consumption, feedstock for other local industries and petroleum products for the international market.
The refinery project includes the construction of roads, storage tanks, loading bays, terminals and handling equipment. The scope of the Free Trade Zone Project includes the development of the required infrastructure and facilities for the effective operation and management of the Free Trade Zone.
The development framework includes a comprehensive and strict governance structure the development of the local community in compliance with international standards and relevant laws.
According to Adekola, these projects will contribute significantly to reducing Nigeria’s trade deficit, conserving foreign exchange reserves, increasing government revenue and economic development.
He said at the state and local levels, these projects will create local jobs, stimulate the local economy through increased demand for goods and services, noting that the Corporate Social Responsibility (CSR) strategy includes community engagement programmes, such as education initiatives, local employment quotas, and infrastructure development for surrounding communities.
He revealed that the company is engaging local stakeholders early to mitigate potential opposition to the project.
BINL to Build $15 billion 500,000 BPD Refinery, Establish Free Trade Zone in Ondo State
Gunmen kill trader in Kafanchan, kaduna
By: Zagazola Makama
A 42-year-old man, Shok Musa, has been killed by yet-to-be-identified gunmen in Kafanchan in Kaduna state.
Zagazola gathered from reliable sources that the incident occurred on Sunday night near the victim’s shop at Ungwa Kanikon, Gidan Waya.
Security forces rushed to the scene after receiving a distress call, and found Musa with fatal gunshot injuries on his back.
“He was taken to Anglican Hospital, Gidan Waya, where he was confirmed dead by a medical doctor. His body was later deposited at the Kafanchan General Hospital mortuary,”said the sources.
The sources added that investigation had commenced, and efforts were ongoing to track down and arrest the perpetrators.
Gunmen kill trader in Kafanchan, kaduna
Security forces fortify Kaduna–Abuja rail line, Rigasa station and highway
By: Zagazola Makama
Security forces have intensified patrols and security measures along the Abuja–Kaduna railway corridor, Rigasa train station, and the Abuja–Kaduna highway.
Sources said the move was part of efforts to protect critical transport infrastructure and forestall criminal attacks.
The sources stated that area commanders in Jere and Kakuri, as well as divisional police officers along the rail corridor, had been placed on red alert in collaboration with other security agencies.
“Rigasa train main station has been fortified, while patrols along the railway line and sub-stations have been intensified. Patrol vehicles deployed on the Abuja–Kaduna highway are maintaining 24-hour visibility, with hourly situation reports rendered accordingly,”said sources.
Security forces assured the public of its commitment to ensuring safe travel and the protection of lives and property across the state.
Security forces fortify Kaduna–Abuja rail line, Rigasa station and highway
Two killed as troops repel bandit attack in Katsina
By: Zagazola Makama
At least two persons were killed following an attack by suspected bandits on villages in Dutsinma Local Government Area of the state.
Sources said the incident occurred on Sunday night when bandits invaded Babangida and Madugu villages.
The sources said that the military troops of Operation FANSAN YANMA in collaboration with the police and local patrol teams, responded swiftly and engaged the attackers in a gun duel, forcing them to abort a planned assault on Sabon Garin Safana village.
“However, two victims, identified as Shamsu Sani, 25, of Makera, and Abdurrashed Rabe, 25, of Tashar Mangwaro, sustained critical injuries and were rushed to the General Hospital, Dutsinma, where they were confirmed dead,” said the sources.
The sources said that efforts were ongoing to track down and arrest the fleeing bandits.
Two killed as troops repel bandit attack in Katsina
Gunmen kill trader in Kafanchan, kaduna
Security forces fortify Kaduna–Abuja rail line, Rigasa station and highway
Two killed as troops repel bandit attack in Katsina
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