Connect with us

News

Sunshine Joint Venture Infrastructure Limited Established to Propel Completion of Ondo Refinery, FTZ Project

Published

on

Sunshine Joint Venture Infrastructure Limited Established to Propel Completion of Ondo Refinery, FTZ Project

By: Michael Mike

Sunshine Joint Venture Infrastructure Limited has been established as the execution platform for the proposed Ondo State’s refinery and free trade zone project
to propel its realization.

The Backbone Infrastructure Nigeria Limited and the state government had formalised a joint venture platform and commenced technical engagements including site assessments for a refinery and free trade zone project in Ilaje Local Government Area.

The latest least of life came after Backbone Infrastructure Ltd recently disclosed that it has secured more than $50 billion in funding commitments for a 500,000bpd refinery and the Sunshine Free Trade Zone in Ilaje, Ondo State.

According to the disclosure, the funding was facilitated through a joint venture agreement between BINL and NEFEX Holdings Limited of Canada, which marks one of the largest single private sector investment packages targeted at Nigeria’s downstream oil and gas industry.

A statement at the weekend by the Vice President, Corporate Services at Backbone Infrastructure Limited, Wale Adekola, revealed that the agreement has led to the creation of Sunshine Joint Venture Infrastructure Limited, which will serve as the execution platform for the refinery and industrial corridor.

Adekola disclosed that the entity was established after months of technical reviews and information-sharing sessions with the Ondo State Investment Promotion Agency, bringing together BINL, NEFEX Petro Line Limited and Cooldeal Limited to work with the state government through ONDIPA.

He noted that the partners in the JV include Bacckbone Infrastructure Limited, NEFEX Petro Line Limited and Cooldeal Limited, working in partnership with the Ondo State Government through ONDIPA.

Adekola said NEFEX is represented in the joint venture by Messrs Navid, Egbal and MJ, while BINL’s representation includes its Directors, Henry Owonka and Steve Dike. Namvapor Maryam Fard is representing Cooldeal Limited.

The statement read: “As a follow up to the engagements and sharing of information and technical reviews and presentations with the Ondo State Investment Promotion Agency, the partners have initiated the necessary process by the establishment of the Sunshine Joint venture Infrastructure Limited, the platform by the partners, Bacckbone Infrastructure Limited, NEFEX Petro Line Limited and Cooldeall Limited, to work with the Ondo State Government, represented by ONDIPA.”

In order to advance the implementation roadmap, ONDIPA officials had led a combined team of JV partners and global technical consultants from China Harbour, China Engineering and Honeywell on a site assessment tour across the Ilaje waterways.

The visit, which included engagements with community stakeholders, covered the designated development zones earmarked for the refinery and free trade operations.
Adekola described the visit as “a major milestone confirming the readiness of partners to move from planning to structured execution.”

Adekola added that the team had earlier been received by the Ondo State Governor, Lucky Aiyedatiwa, during a courtesy visit led by the Chairman of BINL and former Senate President, Senator Ken Nnamani.

Aiyedatiwa had lauded the investors for selecting Ondo as the destination for the large-scale project, noting that the initiative would accelerate industrial growth in the state and contribute meaningfully to Nigeria’s economic diversification agenda.

“We are committed to providing a conducive environment for this partnership to thrive and for all stakeholders to enjoy mutually beneficial outcomes,” the governor was quoted as saying.

The delegation also visited the Olugbo of Ugbo Kingdom, Oba Frederick Obateru Akinruntan, who expressed strong support for the project, particularly its potential to transform the Ilaje coast into a major industrial hub.

The monarch warmly received the foreign partners, including Egbal, JM and Maryam, and assured them of the kingdom’s backing, including community cooperation and security.

“Ugbo Kingdom will give full support to ensure the success of the project for the benefit of all,” the Olugbo told the team.
Adekola said the joint venture remains committed not only to the project’s technical success but also to ensuring local communities benefit from modern social amenities. Planned interventions include hospitals, schools, potable water systems, and new settlement clusters equipped with essential infrastructure.

“The team is fully aligned with the design plans and will follow through on every step of the roadmap to deliver a world-class industrial project,” he added.

The refinery and free trade zone development project forms part of Ondo State’s long-term industrialisation plan aimed at leveraging the economic potential of its coastal belt. Earlier project outlines include pipelines, tank farms, modular and standard refinery units, fabrication yards, export-processing facilities and a dedicated logistics corridor intended to attract global energy and manufacturing players.

The refinery, upon completion, is expected to meet local demand for petroleum products, provide feedstock to industries, and export refined products to international markets. It will also include storage facilities, loading bays, terminals, and a network of internal roads, according to the project brief.

Sunshine Joint Venture Infrastructure Limited Established to Propel Completion of Ondo Refinery, FTZ Project

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award

Published

on

Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award

Governor Muhammadu Inuwa Yahaya of Gombe State will be honoured with a Special Recognition Award by the Sasakawa Africa Association (SAA) Nigeria, in acknowledgement of the state’s sustained partnership and strategic commitment to agricultural development.

The award will be presented at the 2026 SAA Nigeria Annual Stakeholders Workshop on Thursday, April 9, 2026, in Abuja, where top federal officials, development partners, diplomats, and state governments are expected to gather to discuss pathways for strengthening Nigeria’s food systems.

The workshop, holding at Rockview Royale Hotel, Wuse II, is themed “SAA @ 40: Deepening Impact and Expanding Reach at Scale.”

The recognition of Governor Inuwa Yahaya reflects the depth of Gombe State’s collaboration with SAA over the years, which has supported agricultural extension, smallholder productivity, and rural livelihoods.

Since its creation in 1996, Gombe State has maintained a working relationship with SAA, funded by The Nippon Foundation, to implement initiatives that improve food security, nutrition, climate resilience, and inclusive agricultural services, with particular attention to women, youth, and resource-poor farmers.

Speaking ahead of the workshop, Dr. Godwin Atser, Country Director of SAA Nigeria, said:
“This recognition celebrates a partnership backed by action. Governor Inuwa Yahaya’s leadership reflects the kind of subnational commitment essential for transforming agriculture in Nigeria.

Gombe State’s sustained support for farmer-focused interventions demonstrates what can be achieved when political will, institutional alignment, and practical investment converge.”

SAA Nigeria’s collaboration with Gombe State encompasses a wide range of interventions, including Farmer Learning Platforms (FLP), Community Savings and Investment in Agriculture (CSIA), Private Extension Service Provision (PESP), and Community-Based Seed Multiplication (CBSM), among others. Together, these initiatives strengthen the agricultural ecosystem from production to post harvest, improve access to technology, knowledge, and markets, and enhance the capacities of farmers and rural actors.

The partnership also encourages pluralistic extension systems, involving the private sector, farmer organizations, research institutions, and civil society in scaling agricultural services across the state. This multi-dimensional cooperation underscores why Gombe State’s collaboration is deserving of recognition.

As SAA marks 40 years of operations in Africa and 33 years in Nigeria, the organization notes that sustainable agricultural transformation requires long-term commitment, collaboration, and strategic investment, qualities exemplified by Gombe State and Governor Inuwa Yahaya.

The recognition will be part of a broader conversation at the 2026 Annual Stakeholders Workshop, which will review SAA’s 2021–2025 achievements, share lessons, and explore future partnerships to strengthen agriculture in Nigeria and across Africa.

About Sasakawa Africa Association (SAA)
Sasakawa Africa Association (SAA) was established in 1986 by Japanese philanthropist Ryoichi Sasakawa, Nobel Laureate Dr. Norman Borlaug, and former U.S. President Jimmy Carter.

Dedicated to improving the productivity, profitability, and resilience of smallholder farmers in sub-Saharan Africa, SAA operates through agricultural extension, capacity building, and systems strengthening. Active in Nigeria since 1993, SAA collaborates with governments, research institutions, universities, private sector actors, and development partners to advance farmer-centered agricultural transformation.

Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award

Continue Reading

News

JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state

Published

on

JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state

By: Zagazola Makama

A suspected clash between rival terrorists factions has been reported in Kebbi State, raising fresh security concerns in the North-West region.

Sources said the incident occurred on April 4, when a group identified as Jama’at Nusrat al-Islam wal-Muslimin (JNIM) claimed it engaged a rival faction described as “Khawarij”.

The group alleged that one fighter was killed and another captured during the encounter, while three motorcycles and about N10 million were recovered.

However, the identity of the opposing group has yet to be independently verified.

Preliminary indications suggest the rival faction may be linked to Boko Haram or one of its splinter groups, though this remains subject to confirmation.

Security sources said the development could represent one of the first reported inter-jihadist clashes in the region.

JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state

Continue Reading

News

Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina

Published

on

Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina

By: Zagazola Makama

Troops of 17 Brigade have foiled an attempt by a mob to lynch a suspected terrorist and burn down a police station in Danmusa Local Government Area of Katsina State.

Security sources said the incident occurred at about 4:30 p.m. on April 5, 2026, when troops deployed at Combat Team 1 in Danali village responded to a distress call from a Nigerian Police outpost in the area.

The police had reported that a large crowd attempted to set the station ablaze and attack personnel after a suspected terrorist was brought into custody.

Troops were immediately mobilised to the scene and successfully prevented further escalation of the situation, restoring order in the area.

During the intervention, police personnel reportedly fired tear gas to disperse the irate crowd, which led to injuries sustained by one civilian.

The injured victim was evacuated to a medical facility for treatment.

Security sources said calm had since returned to the area, while troops continued to maintain presence to prevent a resurgence of violence and ensure stability.

Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina

Continue Reading

Trending

Verified by MonsterInsights