Tinubu Urges IOCs To Give Nigerians Bigger Contracts

President Bola Tinubu has urged worldwide oil firms (IOCs) working in Nigeria to present competent indigenous corporations higher alternatives in main power tasks.

Tinubu made the decision whereas receiving the Founder and Chairman of Lee Engineering Group, Chief Dr Leemon Ikpea, on the State House, Abuja.

The President reaffirmed his dedication to unlocking Nigeria’s fuel sources to energy industries, enhance electrical energy provide, create jobs and increase export earnings.

This is contained in an announcement issued by the Presidential Spokesperson, Mr Bayo Onanuga, on Thursday in Abuja.

Tinubu stated his administration’s Nigeria First coverage should translate into extra contracts for succesful Nigerian corporations, higher use of domestically manufactured tools and extra expert jobs.

He inspired IOCs to construct stronger partnerships with indigenous engineering firms that had demonstrated the capability to ship advanced tasks.

The President additionally cited his administration’s 2024 govt orders and presidential directives on native content material compliance, contracting prices and approval timelines as measures to draw funding and develop alternatives for Nigerian companies.

Lee Engineering is dealing with the Engineering, Procurement and Construction (EPC) of two midline compressor stations in Edo.

The undertaking is designed to allow the Escravos–Lagos Pipeline System (ELPS) to function at its full capability of two.3 billion normal cubic ft of fuel each day.

Although the ELPS II growth elevated the pipeline’s designed capability from 1.1 billion to 2.3 billion normal cubic ft each day, the compressor stations are required to lift working strain and help full-capacity supply.

The undertaking is predicted to strengthen fuel provides to energy crops and industries, help exports to neighbouring West African nations by means of the West African Gas Pipeline and generate extra income.

Ikpea recommended Tinubu’s Nigeria First coverage, saying indigenous engineering corporations had invested closely in trendy tools, know-how and expert personnel.

He disclosed that Lee Engineering’s fabrication yard in Warri, Delta, was manufacturing some elements for the compressor stations.

According to him, the power homes among the trade’s most superior fabrication tools.

Ikpea stated Nigerian firms might now undertake advanced EPC tasks beforehand dealt with by overseas contractors, thereby retaining extra jobs, experience and financial worth inside the nation.