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Osinbajo Commissions Africa’s Largest Oil Tank Farm In Ogun

Vice President Yemi Osinbajo on Tuesday commissioned the largest mega oil tank farm in sub-saharan Africa at Ibefun, Ijebu-Ode, in Ogun State.
Osinbajo described the tank farm as very significance for Nigeria.
“From the point of view of government on downstream objectives in the petroleum sector, this investment is of special significance to Nigeria.
”It takes the box for us to strengthen our distribution infrastructure for petroleum products and meeting the target of the end of 2018 and first quarter of 2019 for reducing importation of petroleum products and PMS to less than 20 percent.”
”We expect that this place will be filled by investments and facilities such as this and this is why we are delighted that this facility has the capacity to store 300m litres of petroleum products, the largest of its kind in the country and I am told, the largest in sub-saharan Africa, and conveniently holding 4,000 oil tanks at a time and a gantries capable of birthing about 30m metric tons of cargo.”
“This will substantially improve retail distribution of oil and gas in Nigeria, increase domestic storage of petroleum products and the cargo coming in from larger vessels will be stored and loaded from the gantries right here.

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