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Osun Signs MOU For The Establishment Of A Multi Million Naira Bio-refinery



Governor Adegboyega Oyetola has signed a Memorandum Of Understanding between his administration and a firm, VirtueplusTwo Integrated Nigeria limited for the establishment of a bio refinery in Osun .

Situated on a large expanse of land measuring over 20 acres in Ayekale area in Boripe local government,the bio refinery is the first of its kind in the state of Osun .

At the brief but symbolic signing ceremony ,Governor Oyetola said it took his government long time
to carefully study the M.O.U bothering on the integrity and competence of the firm that would put in place such a multi million naira project in Osun .

While signing the pact on behalf the state governor ,Mr Adegboyega Oyetola, Commissioner for Environment and Sanitation,Hon.Sola Oladepo described it as another breakthrough made by governor Oyetola in the area of kick-starting another process aimed at getting Osun industrialized.

Hon.Oladepo lauded the zeal and commitment of the governor at all times to put the economy of the state and its people on a sound footing notwithstanding the glaring harsh economic realities of the country at the moment.

According to the Commissioner who was flanked by some top officials of the Ministry of Environment and Sanitation , the establishment of a bio- refinery in a state like Osun will aid the growth of Small and Medium scale enterprises.

“A moratorium period of two years has been given to a firm known as VirtueplusTwo Integrated Nigeria limited to build a bio-refinery in our state.

“This is in pursuance of Governor Adegboyega Oyetolas commitment for the development of both human and material resources for a bigger and greater Osun.

“For instance, by the time a bio-refinery of this magnitude becomes fully functional in Ayekale area of the state , it would create 5000 direct and 10,000 indirect employment opportunities for the people.

“The attendant benefits of the bio refinery are therefore immeasurable for the citizens and non citizens of our dear 30 year old state” according to Oladepo.

He therefore implored the firm in charge of the bio refinery to live up to the expectations of the government and good people of the state of Osun.

Thereafter both the state government of Osun and the construction firm put pen on paper to sign the MOU

In his remarks,the Chairman/Managing Director of VirtueplusTwo Integrated Nigeria limited,Dr Segun Iroko appreciated the government and good people of the state of Osun.

Dr Iroko while specifically appreciating the Governor,Mr Adegboyega Oyetola also lauded the confidence reposed in his firm to put in place the first ever bio refinery in the state of Osun which he said is still basking in the euphoria of its three decades of existence.

According to him in few days time work will commence in earnest at the site of the bio refinery in Ayekale area.

Dr Iroko, however,appealed to the residents and non residents of Ayekale community where the project is sited as well as the entire people of the state of Osun for maximum support and cooperation in carrying out the project while it lasted

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