Business
Buhari inaugurates Pinnacle FZE terminal in Lagos
President Muhammadu Buhari, on Saturday, inaugurated the Pinnacle Oil and Gas FZE terminal at the Lagos Free Trade Zone in Lekki.
In a video address at the inauguration of the facility on Saturday, the president said the terminal would reduce the cost of petroleum products distribution to many parts of the country.
He said the facility’s operations would also ease congestion at the Apapa Port area and provide “hundreds of jobs”.
Join us celebrate today as President Muhammadu Buhari @MBuhari commissions the #Pinnacle Oil and Gas Ltd’s first-of-its-kind
— Peter Ndubuisi Mbah (@PNMbah) October 22, 2022
offshore subsea petroleum products terminal at the Lekki Free Trade Zone pic.twitter.com/GyNVMMojeB
The president described the investment as a demonstration of the success of his administration’s agenda to transform the country’s economy.
He added that the government looked forward to many more investments of the same magnitude.
Buhari assured investors of the continued support of the federal government’s efforts at elevating the growing prosperity of the country.
