Usman applauds synergy, operational efficiency on Egina FPSO

August 14th, 2018

From Anthony Nwachukwu, Lagos

Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has attributed the successful berthing of the Egina Floating Production Storage and Offloading (FPSO) to operational efficiency and synergy between the agency and the Lagos Deep Offshore Logistics (LADOL) base and other stakeholders.
She described it as a proof of the agency’s enhanced capacity to handle greater responsibilities in the sector, while urging other operators to emulate the investments made by Total, LADOL and Samsung Heavy Industries (SHI) in the facility.
Usman, who spoke at the LADOL base during Ag President Yemi Osinbajo’s visit to the facility, noted that government’s intervention to ensure equal opportunity through anti-monopoly policies was already yielding great dividends.
Therefore, she urged prospective investors to explore these opportunities and the engendered benefits accruing from operational reforms, adding: “We assure of NPA’s willingness to facilitate these ventures. We must, however, advise business organisations to ensure strict compliance with the country’s statutory rules and regulations.”
According to her, the multiplier effects of local content policy are evident in visible technology transfer and accrued revenue to the nation, as well as employment creation, reduction in capital flight, attraction of hub status for the nation’s oil and gas sector amidst cost saving attributes.
Usman further applauded the unflinching support that the stakeholders, including the NPA and LADOL, received in this respect, stating that the Egina project was the Federal Government’s statement on the reality of the quest for hub status.
“Industrialisation is real, and private indigenous companies are able to thrive and support international projects and investors,” a statement by the Assistant General Manager, Corporate & Strategic Communications, Isah Suwaid, quoted her to say.
Osinbajo had described the facility as a boost to local content and ground for favourable competition among industry stakeholders, stating that it was an excellent work sacrosanct to government’s Economic Recovery and Growth Plan (EGRP), “as would be evident in the nation’s GDP in no distant time.”

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