Deji Elumoye in Abuja
President Bola Ahmed Tinubu on Thursday reaffirmed his willpower to unlock Nigeria’s fuel sources to energy industries, enhance electrical energy provide, create jobs and enhance 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 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 corporations working within the nation to present competent Nigerian engineering and manufacturing companies larger alternatives to take part in main power tasks.
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 underneath the ELPS II enlargement, the compressor stations are wanted to lift working strain and allow the pipeline to ship at its full capability.
The venture 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 stated Nigeria First should translate into extra contracts for succesful Nigerian companies, larger use of domestically manufactured gear and extra expert jobs for Nigerians, inspired worldwide oil corporations to construct stronger partnerships with indigenous engineering corporations which have demonstrated the capability to ship complicated tasks.
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 broaden 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 few of the most superior fabrication gear within the business.
According to him, Nigerian corporations have invested closely in fashionable gear, know-how and expert personnel and can now undertake complicated EPC tasks beforehand dealt with by international contractors, maintaining extra jobs, experience and financial worth inside Nigeria.
