Tinubu Calls for More Local Contracts in Energy Sector

On October 22, President Bola Tinubu urged international oil companies (IOCs) to increase opportunities for competent Nigerian engineering and manufacturing firms in major energy projects. During a meeting with Leemon Ikpea, Founder and Chairman of Lee Engineering Group, at the State House in Abuja, Tinubu emphasized the need for IOCs to build stronger partnerships with indigenous firms capable of delivering complex projects.

He referenced his administration's 2024 executive orders aimed at enhancing local content compliance and reducing contracting costs and approval timelines. Lee Engineering is currently engaged in the engineering, procurement, and construction of two midline compressor stations in Edo State, which are essential for raising the operating pressure of the Escravos–Lagos Pipeline System to its full capacity of 2.3 billion standard cubic feet of gas per day.

Tinubu reaffirmed his commitment to unlocking Nigeria's gas resources to improve electricity supply, create jobs, and boost export earnings.