Advertisement

By Prince Ejeh Josh

The Lagos State Governor, Babajide Sanwo-Olu, has showered encomiums on the Chief Executive Officer, CEO, of the Pinnacle Oil and Gas Ltd and Enugu State Peoples Democratic Party, PDP, governorship candidate, Dr. Peter Mbah over the world-class, state-of-the-art Pinnacle petroleum products terminal located in Lekki Free Trade Zone, Lagos, commissioned by President Muhammadu Buhari over the weekend.

Advertisement

Sanwo-Olu, who said he had visited the massive facility on a number of occasions for assessment, commended Mbah for his doggedness, courage and audacity in believing in the possibility of the project, adding that the heroic project “is a manifestation of the very, very strong can-do spirit that we have in our country, Nigeria”.

The All Progressives Congress’ governor who was visibly impressed with the ingenuity of the project was heard on different occasions saying, “I think Peter (Mbah) deserves another round of applause” while assuring that his administration will continue to create enabling environment for investment in the state.

Further shedding light on the economic impact of the facility on the country’s economy, Sanwo-Olu said: “Pinnacle oil’s Petroleum Products Terminal has been designed to make possible the direct transfer of petroleum products from large vessels, through its Conventional Buoy Mooring (CBM) and Single Point Mooring (SPM) facilities.

Advertisement

“What this means is that vessels as large as between 90,000 Dead Weight Tons (DWT) and 150,000 DWT can conveniently berth here, and discharge their products efficiently, with minimal turnaround time.

“In addition, this facility can store up to 300 million litres of refined Petroleum Products. By all standards this is an impressive facility, built to the highest standards available anywhere in the world.

“The facility will not only serve Nigeria, it is also being positioned to serve the export market across West Africa, cementing Lagos’ place as the prime hub for commerce and logistics in West Africa.

“I hereby commend Pinnacle Oil and Gas for bringing this massive industrial dream to reality, as part of your commitment to ‘Fueling Nigeria’”.

Advertisement

On his part, the Pinnacle CEO said the ultra-modern purpose-built petroleum products intake, offtake and storage facility was possible because of the company’s firm belief in its mantra, vision, mission of being driven by innovation in order to make life easier for the people than the previous state of affairs in Nigeria.

The Enugu-born accomplished business mogul further said the primary purpose behind the project is the delivery of solution to the public, stressing that Pinnacle Oil and Gas Ltd is open for business and poised to serve the nation.