he drew massive attention, including from Nigerian Vice President, Prof Yemi Osibanjo, following the announcement of his construction of Sub-Saharan Africa's largest tank farm as a part of his Mega Oil City project in Nigeria. The tank farm is a 300-million litre storage facility with 20 storage tanks. Back then, it had the capacity to turnover 600 million litres of petroleum products every month, enabling products to be stored and distributed effectively and more efficiently, for better services and higher turnover. At the time of launch, it was expected that the tank farm project would be the largest product storage tank farm in sub-Saharam Africa and would create over 10,000 jobs. The company received its first cargo in Q2 of 2018. Mega Oil City After the conclusion of the first phase of the Mega Oil City, the result was an infrastructure that covers 101 square kilometres, making it Africa's largest petroleum products hub, approximately 10% of the size of Lagos State. The first phase of the project was the Ibefun tank farm in 2018, a US$426 million petroleum products storage facility with a 300-million-litre capacity, making it the largest and first of its kind in sub-Saharan Africa. The City also boasts 30 loading gantries and a 4000-truck capacity trailer park. It also reduced gridlock at the Apapa seaports by 60%. The industrial complex started the second phase of the project, which is intended to be an investment of US$5 billion into the economy of Ogun State, and will house a 250,000-bpd refinery, a 100 MW power plant, a petrochemical plant, a lubricant plant and a gas processing plant. Adebutu says, "In conformity with our daring ambitions, we have an expansion plan which will increase the storage capacity of the tank farm to 1.2 billion litres in a few years." Nigeria is Africa's biggest oil-producing nation, but does not have adequate refining capacity and imports at least 70 percent of its needs. A government pledge to end such purchases in the next two years by building local capacity has lured investors including Africa's richest man, Aliko Dangote, who is constructing a 650,000-barrel-a-day refinery. Adebutu has joined Dangote as the only two Nigerians currently building refineries. Subsidiaries and other activities Segun Adebutu is also Chairman of several subsidiaries to Petrolex, among them, Bluebridge Marine Services and Bluebridge Minerals. There is a focus on minerals and bitumen based on current Nigerian laws. Philanthropy