Deji Elumoye in Abuja
President Bola Ahmed Tinubu on Thursday reaffirmed his willpower to unlock Nigeria’s fuel assets to energy industries, enhance electrical energy provide, create jobs and enhance export earnings.
He mentioned 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 ft 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 provide competent Nigerian engineering and manufacturing corporations higher 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 ft of fuel per day below the ELPS II growth, the compressor stations are wanted to boost working stress and allow the pipeline to ship at its full capability.
The mission is anticipated to strengthen fuel transportation to energy crops and industries alongside that hall, help elevated fuel provides to neighbouring West African international locations by way of the West African Gas Pipeline, and create alternatives for added export income.
The president, who mentioned Nigeria First should translate into extra contracts for succesful Nigerian corporations, higher use of domestically manufactured tools 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, lower delays and increase alternatives for Nigerian companies.
Earlier, Ikpea recommended 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 tools within the trade.
According to him, Nigerian firms have invested closely in fashionable tools, expertise and expert personnel and can now undertake advanced EPC initiatives beforehand dealt with by international contractors, holding extra jobs, experience and financial worth inside Nigeria.
