Ondo Not Financially Involved In Refinery Project, Only Provides Land – APC

By Ayodele Oni

The All Progressives Congress (APC), in Ondo Ondo State, has clarified that the state government participation in the proposed $50 billion Sunshine Free Trade Zone and Refinery Project is limited only to provision of land for the project.

The party, while shedding more light on the project, explained that it is  necessary to set the record straight and prevent well-meaning citizens and Nigerians at large from being misled by misinformation currently being circulated regarding the proposed Project.

The party pointed out that It is unfortunate that, instead of applauding a major industrial breakthrough capable of transforming Ondo’s economy, some individuals have chosen to indulge in baseless speculation.

APC Director, Media & Publicity, Steve Otaloro in a statement on Tuesday stated that “Let it be clearly stated that the Ondo State Government is not committing taxpayers’ money to this project.

“The proposed investment is entirely private-sector–driven. The investors are providing the funding and assuming all financial risks. The only contribution from the state government is the provision of land a standard practice globally for projects of this scale and significance, particularly one with enormous potential for job creation, infrastructure development, and long-term economic growth.

“Therefore, the question of any financial burden on the state or its citizens simply does not arise. If credible investors are ready to commit their resources to industrialise our state, this should be a matter of celebration, not suspicion.

“Governor Lucky Aiyedatiwa has demonstrated transparency and foresight in his determination to open up Ondo State for investment, create employment opportunities for our youth, and diversify the state’s economy away from over dependence on federal allocation. These are bold and commendable steps that every patriotic citizen should support.

“It is worrisome that some commentators appear more eager to ridicule innovative ideas than to verify facts.

“This same culture of cynicism and hesitation cost Ondo State the opportunity to host the Dangote Refinery, which was initially proposed to be sited here before being relocated to Lagos due to unnecessary bureaucracy and public doubt. Today, Lagos is reaping the rewards, while the sceptics remain trapped in regret.

“To those quick to raise alarm over this project, let us pose a few simple questions:

• Is Ondo State borrowing any money for this project? No.
• Are the investors credible enough to take on their own risks? Yes.
• Will Ondo State lose anything if the project fails to proceed? Absolutely not.

“Until verifiable evidence proves otherwise, we urge the public not to give traction to one-sided reports fabricated by individuals who neither verified facts with the government nor engaged the investors involved. Responsible reporting requires balance, not baseless insinuations.

“The APC Ondo State Chapter therefore commends Governor Aiyedatiwa for his commitment to attracting large-scale investment to the state. Development cannot thrive in an atmosphere of fear and cynicism. It requires bold leadership, open-mindedness, and collective support.

“We call on all well-meaning citizens to focus on what truly matters the promise of industrial growth, employment for our youth, and a more prosperous future for the Sunshine State. Let us unite behind the governor’s vision and allow progress to speak louder than propaganda.”