NACCIMA hails Obaseki for reforms to transform Edo into Nigeria’s petrochemical hub


  • Governor flags off free bus service, recommits to support, well-being of Edo people
Uba Group

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, Dele Kelvin Oye, has lauded the Edo State Governor, Godwin Obaseki for his administration’s progressive economic reforms which have transformed the State into Nigeria’s petrochemical hub with two operational modular refineries.

The two modular refineries in the state have continued to wax strong, with both now having a standing order of 300,000 barrels of crude from the Oza oil field.

Decklar Resources Inc and its co-venturer Millenium Oil & Gas Company Limited, which operate the Oza oil field, confirmed that aside from the 200,000 barrels of crude ordered by the Edo Refinery and Petrochemical Company Limited, Duport Midstream Company Limited has placed an order of 100,000 barrels of crude from the field. The products from the modular refineries in Edo State include diesel, low-pour fuel, and naphtha.

In a statement on Monday, the NACCIMA boss said Edo State has also been experiencing an influx of investments into various sectors of the State’s economy, which is a testament to the favourable business environment created by Governor Obaseki.

Oye said, “The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has lauded the progressive economic reforms introduced by Governor Godwin Obaseki of Edo State. The initiatives aimed at transforming the state into a petrochemical hub have yielded positive results, with the two modular refineries in the state making standing orders of 300,000 barrels of crude from the Oza oil field. This is in addition to the 100,000 barrels ordered by Duport Midstream Company Limited.

“The products from these modular refineries include diesel, low-pour fuel, and naphtha, which provide an avenue for revenue generation for the state.”

In a statement by the Chief Executive Officer of Decklar Resources, Sanmi Fumuyide, he disclosed that trucking of crude oil from the Oza Oil Field to the Edo Refinery and Petrochemicals Company Limited facility has reached a cumulative volume of over 55,000 bbls.

This is in line with Governor Obaseki’s promise to drive economic growth in the state through his industrialisation policy.”

He noted, “Furthermore, Edo State has also been experiencing an influx of investments into various sectors of the economy, which is a testament to the favourable business environment created by Governor Obaseki. The governor’s efforts towards improving infrastructure, such as the road networks, have also attracted private sector participation in the state.”

Oye added, “NACCIMA commends Governor Godwin Obaseki for his people-oriented and innovative policies that have resulted in a surge of economic growth in Edo State. The association urges other state governors to emulate the positive strides of Governor Obaseki and implement policies that will create an enabling environment for businesses to thrive.”

Meanwhile, Governor Obaseki, on Monday, flagged off the free bus service for passengers on all routes operated by the state-owned Edo City Transport Limited as part of efforts to cushion the impact of the fuel subsidy removal by the Federal Government on the people of the state.

The free transport scheme is expected to cover intra-city and intercity routes including Auchi – Igarra – Ibillo–Ososo; Uzebba–Ikhin – Otuo, and Abudu-Ubiaja, Abudu-Urhonigbe and Ewohirin to Ewatto.

The intra-city routes are Ramat–Kingsquare; New Benin–Kingsquare; Kingsquare – Ekenwan Road; Kingsquare–Airport Road; Kingsquare–Sapele Road and Kingsquare – Adesuwa, Kingsquare–Ogida; New Benin – Upper Mission; Kingsquare–Ugbowo; Kingsquare–Agbor Road; Kingsquare–Upper Sokponba; New Benin – Ugbowo and New Benin–Aduwawa.

Speaking during a formal ceremony for the commencement of the free bus service in ECTS terminal in Benin City, Governor Obaseki, who was represented by the Commissioner for Communication and Orientation, Chris Nehikhare, said his government remains committed to the wellbeing and support of the people and will sustain efforts to reduce the hardship inflicted on the people by the subsidy removal.

He stated, “We call on all Edo people to use this service effectively and ensure they use it regularly as it benefits all of us. His Excellency takes the welfare of Edo people seriously and this is just one of the many support programmes that this administration has put in place to reduce the challenge, sufferings and cost of living faced by Edo people as a result of the subsidy removal.

“This service has commenced since 6am today September 11th, 2023 but we are declaring the service open today to the glory of God and the service will last for two months in the first instance.”

Speaking on the free bus transportation scheme, the Managing Director/Chief Executive Officer of Edo State Transport Authority, Edugie Agbonlahor, said, “We are all aware that the Governor has directed Edo City Transport Service (ECTS) to offer free bus service to all commuters in Edo State travelling within Benin Metropolis and travelling from Benin City to the major cities across the three Senatorial District of the State.”


She further stated, “His Excellency’s thoughtful intervention is as a result of the removal of the fuel subsidy and its negative impact on Nigerians. As at today, transportation costs are over 50 per cent of an average worker’s income and this intervention is to release funds back to the people to enable them take care of other needs like feeding housing, especially the burden of resumption for a new term for pupils across the State.

“This free transportation will return money back to parents to enable them to take care of some other family needs. ECTS before now has been offering free rides to school children and now to all Edo people. It’s our hope that we all enjoy this free ride made possible by the governor.”

A Federal Civil Servant, Ojekwua Kingsley while commending the governor for the initiative, said the free bus scheme will seriously reduce the effect of the hardship brought about by the removal of oil subsidy by the federal government.

According to him, “We are looking forward to more palliatives from Mr. Governor and commend him for this great move to reduce the pain that citizens are facing.”

At the Ikpoba Hill Bus Terminal where passengers board ECTS bus to Edo North, Edohor David who is travelling to Auchi hailed the governor, noting, “This bus is going to Edo North, Auchi, Igarra, Ososo, Ibilo and all the passengers entered for free. We have started enjoying the palliative; all thanks to the governor.”