BP To Partner Ekiti On Bio-Fuel, Power Initiatives

Ekiti State Governor, Dr Kayode Fayemi with Managing Director, British Petroleum (BP) Nigeria and West Africa, Mr. Olakunle Gidado during a visit by the BP boss to the Governor in Ado-Ekiti… on Tuesday, May 8, 2012.

Ekiti State and the British Petroleum (BP) are set to partner in the area of bio fuel as well as crude and refined oil products.

This is part of  the outcome of a meeting between Ekiti State Governor, Dr Kayode Fayemi and the Managing Director, BP Nigeria and West African Sub region, Mr. Olakunle Gidado, in Ado-Ekiti on Tuesday.

Other areas of collaboration between the state and the British Oil and Gas giant, according to Governor Fayemi, include the power sector initiatives.

Speaking after the meeting, Governor Fayemi said the Fountain Holdings, which is the business concern of the state government, is interested in partnering BP in the area of crude and refined products.

He said the state is particularly interested in ethanol (bio fuel) because of the global bio fuel initiative and the power initiative of the company. He added that the state is also willing to partner with other notable companies and institutions in the area of agriculture, in the bid to industrialise the state.

Gidado, an Ekiti indigene hailed the Ekiti State government for putting in place relevant laws to safe guard investment and investors in the state, said  the British firm is set to do business with the state in the areas of bio fuel and power initiatives.

Fayemi, who thanked the BP boss for the visit, described him as one of the young men and women doing the state proud in their various fields of endeavour.

“We are proud of him as an indigene of Ekiti State who has risen to that level and we encourage other highly placed indigenes to see the government as one interested in  active involvement of its citizens in its developmental efforts.”, the Governor added.

Last modified: May 9, 2012