Deji Elumoye in Abuja
President Bola Ahmed Tinubu on Thursday reaffirmed his dedication to unlock Nigeria’s fuel sources to energy industries, enhance electrical energy provide, create jobs and increase export earnings.
He stated this amid indigenous engineering agency, Lee Engineering’s achievement of constructing two compressor stations to allow the Escravos–Lagos Pipeline System to function at its full capability of two.3 billion customary cubic toes of fuel per day.
The president spoke whereas receiving the Founder and Chairman of Lee Engineering Group, Chief Leemon Ikpea, on the State House, Abuja.
Tinubu reaffirmed his administration’s Nigeria First coverage and urged worldwide oil firms working within the nation to offer competent Nigerian engineering and manufacturing corporations larger alternatives to take part in main power initiatives.
Lee Engineering is dealing with the Engineering, Procurement and Construction (EPC) of two midline compressor stations in Edo State.
Although the pipeline’s designed capability was elevated from 1.1 billion to 2.3 billion customary cubic toes of fuel per day below the ELPS II enlargement, the compressor stations are wanted to boost working strain and allow the pipeline to ship at its full capability.
The challenge is predicted to strengthen fuel transportation to energy vegetation and industries alongside that hall, assist elevated fuel provides to neighbouring West African international locations via the West African Gas Pipeline, and create alternatives for added export income.
The president, who stated Nigeria First should translate into extra contracts for succesful Nigerian corporations, larger use of domestically manufactured gear and extra expert jobs for Nigerians, inspired worldwide oil firms to construct stronger partnerships with indigenous engineering firms which have demonstrated the capability to ship advanced initiatives.
He additionally pointed to his administration’s 2024 government orders and presidential directives on native content material compliance, contracting prices, and approval timelines as measures to draw funding, reduce delays and increase alternatives for Nigerian companies.
Earlier, Ikpea counseled the president’s Nigeria First coverage and disclosed that Lee Engineering’s fabrication yard in Warri, Delta State, is manufacturing some elements for the compressor stations and homes a number of the most superior fabrication gear within the business.
According to him, Nigerian firms have invested closely in fashionable gear, expertise and expert personnel and can now undertake advanced EPC initiatives beforehand dealt with by overseas contractors, holding extra jobs, experience and financial worth inside Nigeria.
