Edun Praises Lee Engineering, Pledges Government Backing for Nigerian Oil Sector

WARRI, Delta State – April 1, 2025 – Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has voiced strong support for indigenous oil sector companies, highlighting Lee Engineering & Construction Company Limited as a model of national excellence. During a visit to Lee Engineering’s operational base in Warri, Delta State, the Minister reaffirmed the government’s commitment to fostering a self-reliant economy through the empowerment of local businesses.

Accompanied by Mr. Donald Wokoma, Registrar/CEO of the Equipment Leasing Registration Authority (ELRA), Edun toured the company’s advanced fabrication yard, commending its significant contributions to domestic manufacturing and industrial progress. He assured Lee Engineering’s management of President Bola Tinubu’s unwavering support, aligning with the administration’s focus on bolstering Nigeria’s economy by encouraging increased investment from domestic entrepreneurs.

Edun emphasized the economic advantages of reviving domestic crude oil refining, including the production of essential industrial raw materials to stimulate economic growth. In response to Lee Engineering’s requests for government assistance, the Minister reiterated the administration’s dedication to advancing local manufacturing, a cornerstone of the Renewed Hope Agenda, crucial for job creation and economic expansion.

“The government is fully committed to supporting indigenous companies like Lee Engineering, whose contributions are vital to Nigeria’s economic development,” Edun stated. “We believe in fostering a robust domestic manufacturing sector that will drive job creation and propel our nation forward.”

Mr. Donald Wokoma echoed this sentiment, expressing gratitude for the Minister’s visit and the government’s commitment to supporting local businesses. “We are thankful for the Honourable Minister’s recognition of our efforts in contributing to Nigeria’s economic growth,” Wokoma said. “We are eager to continue collaborating with the government to promote local content and drive industrial development.”

Lee Engineering, led by Founder and Group Chairman Dr. Leemon Ikpea, is a leading Nigerian company specializing in Engineering, Procurement, Construction, Operations, and Maintenance (EPCOM) services within the oil, gas, and power sectors.

ADVERTISEMENT

The Minister’s visit underscores the government’s determination to cultivate a self-reliant economy by empowering indigenous businesses and promoting local content in Nigeria’s energy and manufacturing sectors. This partnership between the public and private sectors is expected to yield substantial dividends, enabling companies like Lee Engineering to flourish and contribute significantly to Nigeria’s economic growth and development.

Contact:
Mohammed Manga FCIA
Director, Information and Public Relations