President Bola Ahmed Tinubu has reaffirmed his administration’s determination to unlock Nigeria’s vast gas resources to power industries, improve electricity supply, create jobs and boost the nation’s export earnings.
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‎The President stated this while receiving the Founder and Chairman of Lee Engineering Group, Dr. Leemon Ikpea, at the State House, Abuja.
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‎A statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the President’s remarks came on the heels of the indigenous engineering firm Lee Engineering’s achievement of building two compressor stations to enable the Escravos–Lagos Pipeline System (ELPS) to operate at its full capacity of 2.3 billion standard cubic feet of gas per day.
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‎President Tinubu reaffirmed his administration’s Nigeria First policy and urged International Oil Companies (IOCs) operating in the country to give competent Nigerian engineering and manufacturing firms greater opportunities to participate in major energy projects.
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‎Lee Engineering is currently handling the Engineering, Procurement and Construction (EPC) of two midline compressor stations in Edo State. Although the pipeline’s designed capacity was increased from 1.1 billion to 2.3 billion standard cubic feet per day under the ELPS II expansion, the compressor stations are critical to raising operating pressure and enabling the pipeline to deliver at full capacity.
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‎The project is expected to strengthen gas transportation to power plants and industries along the corridor, support increased gas supply to neighbouring West African countries through the West African Gas Pipeline, and create opportunities for additional export revenue.
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‎President Tinubu said the Nigeria First policy must translate into more contracts for capable Nigerian firms, greater use of locally manufactured equipment and more skilled jobs for Nigerians. He encouraged IOCs to build stronger partnerships with indigenous engineering companies that have demonstrated the capacity to deliver complex, high-standard projects.
Tinubu Vows To Unlock Nigeria’s Gas Resources To Power Industries, Boost Economy
