U.S backs development of Capt. Emmanuel Iheanacho modular refinery in Lagos with $1m grant
The U.S. Trade and Development Agency (USTDA) has approved a grant of $1million (N360 million) for the detailed engineering design of 20,000 barrel per day (bpd) modular refinery in Lagos.
Mr Enyeribe Anyanwu, Head, Media Communications of Integrated Oil and Gas Ltd., disclosed this in a statement to newsmen on Sunday.
The U.S. Ambassador to Nigeria, Mr Stuart Symington expressed the hope that the proposed 200,000 bpd production refinery would attract more investments to the country and develop host communities.
‘‘The grant was meant for detail engineering design and development of the proposed refinery in Tomaro Industrial Park in Lagos.
‘‘I feel honoured to be part of the success story. I also promised to support the projects to actualization,’’ he said.
The U.S. Ambassador to Nigeria commended the Chairman of Integrated Oil and Gas, Capt. Emmanuel Iheanacho, for his commitment to the project.
He said Iheanacho noted that the investment was coming at a time when the country needed it most.
He also praised the Federal Government for believing in the power of the individual citizens and entrepreneurs to undertake laudable projects for the nation’s development.