WorldStage– The Lagos State Government has revealed that a second private refinery could be established in the state as plans continue to take shape for another major investor to enter the sector.
The disclosure was made by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Abiodun Olumide, during the Economic Roundtable Discussion organised by the Economic Intelligence Department of the Ministry of Economic Planning and Budget at Protea Hotel, Alausa, Ikeja.
Dr. Olumide explained that Lagos had become increasingly attractive for large-scale industrial and petrochemical investments, noting that private operators were beginning to explore opportunities beyond the existing Dangote refinery.
The commissioner revealed that conversations around establishing a second private refinery had already begun.
He made the remark while emphasising the role of the private sector in driving major capital projects across the state.
