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BINL to Build $15 billion 500,000 BPD Refinery, Establish Free Trade Zone in Ondo State

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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

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UPDATE: Five dead, 35 injured in suicide IED attack on Gamborun mosque

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UPDATE: Five dead, 35 injured in suicide IED attack on Gamborun mosque

By: Zagazola Makama

No fewer than five worshippers were killed, while 35 others sustained injuries on Wednesday following an improvised explosive device (IED) attack by a suicide bomber at a mosque in Gamborun area of Maiduguri, Borno State.

The incident occurred at about 6:15 p.m. during Magrib prayers when the attacker detonated the IED inside the mosque, which was filled with worshippers.

The Police Public Relations Officer (PPRO) in the state, DSP Nahum Daso, confirmed the incident, saying the explosion killed five persons on the spot and left 35 others with varying degrees of injuries.

Daso said the injured victims were immediately evacuated to hospitals in Maiduguri for medical treatment.

He added that men of the Explosive Ordnance Disposal (EOD) unit, alongside other security agencies, were deployed to the scene to secure the area, cordon off the vicinity and conduct thorough checks to rule out the presence of secondary explosive devices.

UPDATE: Five dead, 35 injured in suicide IED attack on Gamborun mosque

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Bomb explodes inside mosque in Maiduguri market, worshippers killed

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Bomb explodes inside mosque in Maiduguri market, worshippers killed

By: Zagazola Makama

Several worshippers were killed on Tuesday after an explosive device detonated inside a mosque at Gamborun Market in Maiduguri, the Borno State capital.

The explosion occurred while worshippers were gathered for prayers, causing panic and chaos within the busy market area.

Eyewitnesses said the blast ripped through part of the mosque, killing some worshippers instantly and leaving others with varying degrees of injuries.

Traders and residents in the area were seen fleeing the scene as thick smoke billowed from the mosque, while others attempted to assist victims before emergency responders arrived.

Security operatives cordoned off the area shortly after the incident to prevent further casualties and to allow for preliminary assessment of the situation.

As of the time of filing this report, the exact number of casualties had not been officially confirmed.

Bomb explodes inside mosque in Maiduguri market, worshippers killed

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Igbo Association Raises Alarm Over Abuja–South East Highways, Seeks Urgent Federal Action

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Igbo Association Raises Alarm Over Abuja–South East Highways, Seeks Urgent Federal Action

By: Michael Mike

Igbo residents in the Federal Capital Territory (FCT), Abuja have expressed worries about the worsening condition of major highways linking Abuja to the South East, warning that continued neglect has turned the roads into serious safety hazards for commuters and businesses.

In a statement released on Tuesday, the Igbo Community Association in the Federal Capital Territory (ICA FCT) said the poor state of the road network had persisted for decades, despite repeated appeals for rehabilitation.

The group in a statement signed by the association’s President General, Engr. Ikenna Ellis-Ezenekwe, and Secretary General, Mazi Emmanuel Chinwoke Onah,

noted that large sections of the highways are riddled with potholes, failed portions and weak security presence, making travel dangerous and discouraging economic activities between the North Central and South East regions.

The group argued that the situation reflects long-standing infrastructure neglect and an uneven distribution of national resources, adding that the dilapidated roads have become attractive routes for criminal operations, including armed robbery and kidnappings.

According to ICA FCT, the impact of the bad roads goes beyond transportation challenges, contributing to youth frustration, reduced commercial exchanges and a growing sense of exclusion among people of the South East. The association urged the Federal Government to declare an emergency on the affected corridors and begin immediate reconstruction to ensure the safety of travelers, particularly during the festive season.

The association also called on lawmakers from the South East and the Minister of Works to take responsibility for restoring the roads to acceptable standards, stressing that infrastructure development is critical to national cohesion and economic growth.

Warning of political consequences, the group said communities in the South East would hold their representatives accountable if tangible progress is not recorded before the 2027 general elections. It added that voters would be mobilized to oppose the re-election of lawmakers perceived to have failed in addressing the issue.

Reaffirming its commitment to the welfare of Igbo people, the ICA FCT said it would continue to advocate for improved infrastructure, enhanced security and equitable development across all regions of the country.
End

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