Kebbi State Government on Wednesday said core investors, 3D Investment Company, NNPC and the state have signed a memorandum of understanding for the final take-off of a refinery for biofuel production in Gwazawa, Danko Wasagu Local Government Area of the state.
The Deputy Governor, Alhaji Samaila Yombe Dabai, while briefing journalists at the Cabinet Office Conference Hall yesterday said the core investors had moved to the field to commence the setting up of the refinery.
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The project coordinator, Professor Abubakar Kaoje, said the contract between Kebbi and the core investors was for a period of 30 years.
“On equity share, Kebbi State has 5, NNPC 25, core investors 70 per cent,” he said.
