Business

Firm secures $50bn investment to develop refinery in Ondo

Ondo State’s industrialisation agenda has received a major boost as Backbone Infrastructure Limited secured funding commitments exceeding $50 billion for the development of a 500,000-barrel-per-day refinery and the Sunshine Free Trade Zone in Ilaje Local Government Area. The funding was facilitated through a joint venture between BINL and Canada’s NEFEX Holdings Limited, representing one of […]