Windhoek—The Federal Government and the Republic of Namibia have proposed to construct 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 at the invitation of his counterpart, President Hifikepunye Pohamba.
This is contained in a joint communiqué issued on the visit and made available to the News Agency of Nigeria (NAN) in Windhoek, Namibia.
It stated that the refinery, which would be located in Walvis Bay, would be wholly private financed.
The two leaders urged the private sector of both countries to work toward a speedy realisation of the joint oil refinery.
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.