Global Fleet to build petroleum depot in Nigeria’s Ado-Ekiti state

May 06, 2005 02:00 AM

A petroleum depot with 20,000 tons capacity costing N 1.5 bn is to be established in Ado-Ekiti, Ekiti State capital.
The CEO of Global Fleet Oil and Gas Company, Barrister Jimoh Ibrahim, who disclosed this in Ado-Ekiti, said the depot would be completed in eight months.

Ibrahim, who flew to the state in a chartered helicopter, was conducted round possible sites by his host, the state Governor, Ayo Fayose. In a chat at the end of the tour, the oil magnate said he was settling for Ado-Ikere road which he described as the most appropriate for the venture. Ibrahim said he was motivated into siting the depot in Ado-Ekiti to allow fast-track economic development in the state.
"I want to assure you that by the grace of God in the next eight months, I will have a depot in Ekiti as big as Ore Depot,” Ibrahim told members of the state executive council.

He added that no fewer than six mega-stations would also be sited at different locations in the state with each costing about N 200 mm. He saidseven days after the issuance of Certificate of Occupancy by the state government, earth-moving equipment would be deployed to site and work commence immediately.
Ibrahim said the depot would be a truck-loading one and would serve Oyo, Osun, Ondo and Kwara states.
"In every region, we must be settled. In the South-West, there must be a state where we have a depot and in Ekiti, we have only one station. So, I think we should put the depot in Ekiti," he said.

Source: This Day
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