The Managing Director and Chief Executive Officer of ND Western Limited, an independent Nigerian oil and gas exploration and production company, Mr. Eberechukwu Oji, has said that Nigeria should be exporting refined petroleum products rather than the current arrangement in which the country imports such products.
Oji, who spoke in Ibadan at the inauguration of Professor Mosobalaje Oyawoye E-Library Complex his company donated to the Department of Geology, University of Ibadan, said “Nigeria has no business exporting crude oil.”
Oji, who spoke after the inauguration of the multi-million naira e-library complex, revealed that ND Western had got government approval to build a 100BPD mini refinery, saying “that project is nearing final investment decision sometime this year.”
Explaining the motive, Oji said: “It doesn’t make sense that we export our precious crude and then turn around and go all over the world importing white products. It doesn’t make sense.
“That is why companies like us are going into refining. Even though it’s a small margin business, but it makes sense that we basically keep our resources within our country because it represents job for our children.”
Speaking on the Prof Oyawoye e-library complex, Oji said “ND Western is extremely proud to be associated with the Professor Oyawoye e-Library project,” noting that “The building meets all our specifications as a company and we are quite pleased with the finishing and the furnishing.”
He said the decision to take on the project was informed by many things and one of it is that the Chairman of the Board of ND Western, Mr. Samuel Dossou-Aworet, the vice chairman, Dr Layiwola Fatona, and other members of the board were committed to human capital development.
“With a combination of them and the rest of the members of the Board who are all committed to human capacity development, it tallies with our values, a project like this where we would contribute not just to learning today, but learning in future and developing the next generation of both engineers and scientists who would contribute to not just the growth of our oil and gas industry but the Nigerian economy in general.”
The honouree of the day, 94-year-old Africa’s first professor of Geology, Professor Oyawoye, expressed gratitude to God for witnessing the completion of the project, saying he was not expecting that privilege.
Head of the Department of Geology, University of Ibadan, Professor Olugbenga Okunlola, said the building was conceived in 2013 and that the intervention of ND Western, through “the timely and gigantic intervention of Dr Layi Fatona, changed the whole scenario” as he said “his kind benefaction through the ND Western Limited that virtually funded the building from initial foundation and early floor levels to a four-storey edifice.”
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