Nigeria Is Poised To Unlock Gas Resources To Power Industries, Boost Electricity Generation — Tinubu

Nigeria is poised to unlock gas resources to power industries, improve electricity supply, create jobs and boost export earnings. 

This is the assertion of President Bola Tinubu while  receiving the founder and chairman of Lee Engineering Group, Chief Leemon Ikpea, in Abuja. 

Tinubu reaffirmed his administration’s Nigeria First policy and urged international oil companies operating in the country to give competent Nigerian engineering and manufacturing firms greater opportunities to participate in major energy projects.

Lee Engineering is 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 of gas per day under the ELPS II expansion, the compressor stations are needed to raise operating pressure and enable the pipeline to deliver at its full capacity. 

The project is expected to strengthen gas transportation to power plants and industries along that corridor, support increased gas supplies to neighbouring West African countries through the West African Gas Pipeline, and create opportunities for additional export revenue.

The president, who said Nigeria First must translate into more contracts for capable Nigerian firms, greater use of locally manufactured equipment and more skilled jobs for Nigerians, encouraged international oil companies to build stronger partnerships with indigenous engineering companies that have demonstrated the capacity to deliver complex projects.  

He also pointed to his administration’s 2024 executive orders and presidential directives on local content compliance, contracting costs, and approval timelines as measures to attract investment, cut delays and expand opportunities for Nigerian businesses.

Earlier, Ikpea commended the president’s Nigeria First policy and disclosed that Lee Engineering’s fabrication yard in Warri, Delta State, is manufacturing some components for the compressor stations and houses some of the most advanced fabrication equipment in the industry. 

According to him, Nigerian companies have invested heavily in modern equipment, technology and skilled personnel and can now undertake complex EPC projects previously handled by foreign contractors, keeping more jobs, expertise and economic value within Nigeria