The firm, Rom Oil Mills Limited, a subsidiary company of Flour Mills of Nigeria Plc, is expected to refine crude palm kernel oil, crude palm oil and crude soybean oil into refined oil and distilled fatty acids.
Speaking at the ceremony, Ajimobi said the effect of the employment generation that the company would give the people of the state would be a reference point of his administration.
“This, indeed, is our idea of the so-called stomach infrastructure. We thank the management of the company for its trust and confidence in our state. You have indeed vindicated our stance,” he said.
The governor added that the cumulative effects of his administration’s developmental drive and consequent influx of investors into the state would result in employment generation and empowerment of the people.
According to him, the establishment of the firm, a-400 metric tonnes per day universal refinery is another testimony to his administration’s leadership and investors-baiting policies.
Ajimobi said, “This development is the dividend of the peaceful atmosphere which this administration brought back to the state at its inception as well as the enabling environment which had been attracting foreign investment. “The management of this company would never have invested their billions of naira in a violent-prone and dirty Oyo State of the past.”