Eko Petrochemical Refinery Lauds CBN’s Loan Support

The management of Eko Petrochemical Refinery Ltd yesterday, lauded the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, for his good intention to assist modular refiners.
The Chairman of the company, Mr Emmanuel lheanacho gave the commendation in an interview with the News Agency of Nigeria (NAN) in Lagos.
Emefile, had on January 20 during his visit to Dangote refinery, said that bank was ready to support modular refiners in the country in naira and in dollar they needed to import equipment.
Reports say that the proposed Eko Petrol Chemical Refinery Company’s 20,000 barrel per day production capacity modular refinery is located at Tomaro Island Port in Amuwo Odofin Local Government Area of Lagos worth 250 million dollars (about N90 billion).
Iheanacho described this intention as a welcome development and expressed his company’s readiness to apply for the foreign exchange facility.
The chairman said: “Whatever help we can get from anywhere to ease the burden of project implementation, we will gladly reach for it.
“We shall most certainly be reaching out to the CBN governor with detailed information of our project together with the report of progress achieved so far, to see where and how the bank can assist us to realise our plan objectives”.