The Federal Government has reaffirmed its commitment to supporting indigenous businesses in Nigeria’s oil sector, with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, commending Lee Engineering & Construction Company Limited as a model of local excellence.
Edun gave the assurance on Monday during a visit to the company’s operational base in Warri, Delta State. Accompanied by the Registrar and CEO of the Equipment Leasing Registration Authority (ELRA), Mr. Donald Wokoma, the Minister inspected Lee Engineering’s state-of-the-art fabrication yard and praised its contributions to local manufacturing and industrial growth.
Director of Information and Public Relations, Mohammed Manga in a statement quoted the minister to have emphasized President Bola Tinubu’s administration’s unwavering support for indigenous production, stressing that promoting local businesses aligns with the government’s economic agenda.
“The return to domestic refining of crude oil will provide industrial raw materials to spur economic growth,” Edun said, reaffirming the government’s commitment to boosting local manufacturing.
In response to Lee Engineering’s request for government backing, the Minister highlighted the administration’s Renewed Hope Agenda, which prioritizes industrial development as a key driver of job creation and economic expansion.
Speaking earlier, ELRA CEO Donald Wokoma expressed appreciation for the government’s support. “We are grateful for the Honourable Minister’s recognition of our contributions to Nigeria’s economic growth. We look forward to continued collaboration to promote local content and drive industrial development,” he stated.
Lee Engineering, led by Founder and Group Chairman Dr. Leemon Ikpea, is a leading indigenous firm specializing in Engineering, Procurement, Construction, Operations, and Maintenance (EPCOM) services in Nigeria’s oil, gas, and power sectors.
The Minister’s visit underscored the government’s resolve to empower local businesses and promote self-reliance in the energy and manufacturing sectors. With stronger public-private partnerships, the administration aims to accelerate economic growth and enhance Nigeria’s industrial capacity.
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