By Adedapo Adesanya The Nigerian Content Development and Monitoring Board (NCDMB) has received an interim dividend payment of N450 million out of the N1.5 billion Waltersmith Refinery and Petrochemical Company Limited declared. This payment represents NCDMB’s 30 per cent share in the company for the year ended 2023. The NCDMB had in July 2018 invested $10 million to acquire a 30 per cent stake in the 5,000 barrels per day modular refinery project located at Ibigwe, Imo State, to support the federal government’s policy on modular refinery which would help stimulate investment and create employment opportunities. The Executive Secretary of
Waltersmith Refinery Pays NCDMB N450m Dividend
