Nigeria, Namibia to build joint oil refinery

WINDHOEK: The governments of Nigeria and Namibia are planning to construct a joint oil refinery at Walvis Bay to maximise co-operation in the area of energy.

This decision was taken during Nigerian president Goodluck Jonathan’s two-day State visit to Namibia on the invitation of his counterpart, President Hifikepunye Pohamba last week.

A joint communique issued yesterday indicated that in particular, the two presidents expressed the need to maximise co-operation in the area of energy, and urged the private sectors of both countries to work towards a speedy realisation of the proposed joint oil refinery at Walvis Bay.

Pohamba and Jonathan also commended the hosting of a business forum by private sector stakeholders from the two countries on the margins of the State visit.

They urged the private sector stakeholders of both countries to take advantage of the abundant business opportunities to optimise trade and commerce between the two countries.

The two presidents reiterated the link between peace, stability and development.