Nigeria and Namibia Plan Joint Oil Refinery

Nigeria and Namibia are currently working with a view to constructing a petroleum products’ refinery that will be jointly owned by the two countries.

The decision was contained in a communiqué issued in Windhoek, Namibia, at the end of the visit, which was at the order of President Hifikepunye Pohamba. This was one of the major decisions reached during President Goodluck Jonathan’s recent two-day state visit to Namibia.

According to the communiqué, the refinery will be located in Walvis Bay and will be wholly private sector-financed.

The two presidents urged members of the Organised Private Sector in their respective countries to take advantage of the opportunities arising from the joint venture and work towards its timely realization.

They also advised the private sector operators to take full advantage of other abundant business opportunities in both countries.

During the visit, the Federal Government agreed to train Namibian diplomats at the Nigerian Foreign Service Academy and make available volunteer health professionals to Namibia under the Technical Aid Corps scheme.

The agreements were among the 11 Memoranda of Understanding signed by both countries.

Among other agreements signed by both countries are on youth development, bilateral air service agreement and waiver of visa requirements for citizens holding diplomatic and official passports.

 

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