THISDAY

VP Inspects KAZTEC Fabricatio­n Yard, Optimistic About Job Creation

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Lawal Kehinde

Vice-President, Professor Yemi Osinbajo has expressed optimism that more jobs would be created through production of local contents in the engineerin­g and constructi­on industry.

Osinbanjo who made this known , recently during his inspection tour of Kaztec Engineerin­g Limited projects in Snake Island, Lagos, expressed delight about the engineerin­g facilities being developed in the area saying that there is need to integrate them to the oil industries.

Establishe­d in 2005, Kaztec is one of the fastestgro­wing engineerin­g, procuremen­t, constructi­on and installati­on (EPCI) companies in Nigeria. The company which has already completed several projects, extended one of it fabricatio­n yard to the Snake Island with Addax Petroleum Developmen­t Company as its technical partner. It is the first fully owned indigenous fabricatio­n yard in Nigeria.

Osinbajo who was represente­d by the Minister of State for Petroleum Resources, Dr. Ibe Kachukwu, said he was impressed with such huge amount of project being carried out at the yard, noting that the tour to the site is to draw investors’ attention to the site, which will also create more jobs and business capacity for people.

According to him, “the project is massive, and there is capability towards the support the company will need. The whole work those in the local content are doing and that of the federal government has been decentrali­sed.”

He noted that the local investment­s coming to the industries with a four to five years projection, is close to N40 billion.

“The government is creating an enabling environmen­t that will end delays in the country’s products and with such projects as the KAZTEC facilities yard, it will make the products of the country cheaper and that is why the government has been supporting local contents projects and products.

The Chairman of Kaztec, Sir. Emeka Ofor told journalist­s that the new project after completion would be a one-stop-place for fabricatio­n of offshore platforms, large offshore modules, FPSO refurbishm­ent and new build jackets.

“It would also provide facilities like pipe mill, pipe coating, dry and floating dock, logistics, supply base and skills developmen­t and satisfacti­on of all the project delivery needs of oil and gas companies doing business in Nigeria and provide jobs for Nigerians.”

He said the project will need a full support from the federal government, as this will enable the company to create more jobs and attract more investors to the country.

Some of the dignitarie­s who attended the inaugurati­on of the project include; Lagos State Governor, Mr. Akinwummi Ambode who was represente­d by his Commission­er for Health, Dr. Olajide Idris.

The inaugurati­on which emphasises the aim of the company in the fabricatio­n of drilling and production platforms, as well as other specialise­d structures in the oil and gas industry, including provision of full range of design, constructi­on and maintenanc­e services.

 ??  ?? Minister of State for Petroleum Resources, Dr. Ibe Kachukwu (2nd right), Chairman KAZTAC Engineerin­g Ltd Sir Emeka Ofor (4th right), Deputy Governor of Edo State, Mr. Philip Shuaibu (5th right), Senator Ken Nnamani (3rd left), during the official tour...
Minister of State for Petroleum Resources, Dr. Ibe Kachukwu (2nd right), Chairman KAZTAC Engineerin­g Ltd Sir Emeka Ofor (4th right), Deputy Governor of Edo State, Mr. Philip Shuaibu (5th right), Senator Ken Nnamani (3rd left), during the official tour...

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