Bauchi State Commissioner for Information, Alhaji Muhammed Abdullahi, has stated that the construction work on the $5 billion refinery project, about N725 billion, will commence next month in Bauchi .
Abdullahi stated this while fielding questions from newsmen in Bauchi. He said that the project, which is being handled by a German Petrochemical Financing Firm, Shark Petroleum International, is being executed under a public/private partnership arrangement between the state government and the German company.
The commissioner said that the project was part of the commitment of Governor Isa Yuguda to fast-track the economic and industrial development of the state through private/public partnership.
"Already, Governor Yuguda has approved the allocation of a parcel of land along Bauchi-Jos road for the immediate take-off of the refinery project," he said. Abdullahi said that officials of the German consortium had inspected the project's site and expressed the company's readiness to ensure early completion of the project in order to accelerate the economic transformation of the state.
"The company also promised to construct a well-equipped 700 capacity-bed hospital, a standard school and scholarship awards to deserving students in the state," the commissioner said.
He said that apart from creating more job opportunities in the state, the project will facilitate the transfer of technology for the benefit of the indigenes of the state. Abdullahi said that the refinery, when completed, will have the capacity to refine 100,000 barrels of crude oil per day, adding that the amount earmarked for the project would cover the cost of laying of pipes for conveying crude oil from Eket to Bauchi.