Give local firms more gas, energy contracts, Tinubu urges IOCs

President Bola Tinubu has urged international oil companies operating in Nigeria to give greater opportunities to local engineering and manufacturing firms to participate in major energy projects. Speaking at a meeting with the Founder and Chairman of Lee Engineering Group, Leemon Ikpea, Tinubu emphasized the importance of local content compliance, contracting costs, and approval timelines in attracting investments, reducing delays, and expanding opportunities for Nigerian businesses.

Lee Engineering is currently constructing two midline compressor stations in Edo State to increase the capacity of the Escravos-Lagos Pipeline System to its full 2.3 billion cubic feet per day operating capacity. The project aims to strengthen gas supply to power plants and industries, boost exports, and create skilled jobs for Nigerians.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.