Nigeria, Namibia plan joint oil refinery

24 Mar 2014 13:00

The Federal Government of Nigeria and the Republic of Namibia at the
weekend proposed the construction of a joint oil refinery to maximise
cooperation in the area of energy.

The decision was reached during the two-day official visit of
President Goodluck Jonathan to Namibia on the invitation of his
counterpart, President Hifikepunye Pohamba.

According to a joint communique issued on the visit in Windhoek,
Namibia, the joint oil refinery, to be located in Walvis Bay,  would
be wholly private financed.

Jonathan and his Namibian counterpart urged the private sector of both
countries to work towards a speedy realisation of the joint oil
refinery, even as they commended the hosting of a business forum
between the private sector stakeholders of both countries on the
margin of the state visit.

The leaders urged their respective private sector stakeholders to take
the full advantage of the abundant business opportunities to optimise
trade and commerce between the two countries.

Other decisions reached at the meeting was the Nigerian Government's
offer to train Namibian Diplomats at the Nigerian Foreign Service

The Federal Government also agreed to provide volunteer health
professionals to Namibia under the Technical Aid Corps (TAC) Scheme.

The agreements were among the 11 memoranda of understading (MoU)
signed by both countries to broaden and deepen bilateral cooperation.

Other MoUs that were signed included agreement on youth development,
bilateral air service agreement and agreement on waiver of visa
requirements for citizens holding diplomatic and official