‘Okeluse Ethanol Plant Project ’ll boost Ondo’s economy’

Admin 03 Nov, 2017 News

By Chris Chimezie
Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, has described as laudable, efforts of his administration in attracting investments to the state.

Speaking with newsmen  in Akure, Governor Akeredolu  expressed delight at the Ethanol Plant to be sited at Okeluse in Ose Local Government area of the state at the instance of the Nigerian National Petroleum Corporation, NNPC, facilitated by the State Government.

The governor said the multiplier effects of the project on the economy of Okeluse, the host community and the state in general will be multidimensional.

While assuring that the employment of youths on skilled and ancillary services will be available, Arakunrin Akeredolu said some other socio-economic impacting benefits of the project are pointing to the fact that the industrialisation agenda of his administration is effectively on course.

“What we are trying to do is to get a number of industries here in Ondo State and I strongly believe that the NNPC Bio-fuel will probably be one of the best.

“The assurance we have is that the project will create thousands of employment opportunities for people of the community and the state in general”, he said.

Akeredolu further hinted that the establishment of the Plant would totally change the economic life of people of the area, adding that it would turn Okeluse to a great city.

The governor expressed optimism that by the First Quarter of  2018, some appreciable steps would have been taken on the actualisation of the project.

It would be recalled that the governor recently signed a Memorandum of Understanding (MoU) in Abuja worth $175 million with the Nigerian National Petroleum Corporation (NNPC), on the establishment of an Ethanol Plant to be sited at Okeluse, in Ose Local government area of the state.


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